/KAPSARC en /node/2586252/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2025-01-13 16:18</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Global oil consumption is projected to increase by 1.21 million barrels per day in 2025, reaching a total of 103.74 million bpd, according to an analysis by the King Abdullah Petroleum Studies and Research Center.</p> <p> The Saudi-based think tank’s latest report also forecasts that oil demand will rise by 1.23 million bpd in 2026, bringing global consumption to 104.97 million bpd.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2025/01/13/4563180-1514487147.jpg" width="1200" height="800" alt="The Saudi-based think tank’s latest report also forecasts that oil demand will rise by 1.23 million bpd in 2026, bringing global consumption to 104.97 million bpd. File" title="The Saudi-based think tank’s latest report also forecasts that oil demand will rise by 1.23 million bpd in 2026, bringing global consumption to 104.97 million bpd. File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/energy">Energy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div></div></div> Mon, 13 Jan 2025 13:20:54 +0000 shahrukh.jamshed 2586252 at /node/2490536/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/khaldon-azhari">Khaldon Azhari</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2024-04-09 15:32</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> TOKYO: With the world transitioning to new energy sources, relations with Japan are being strengthened, as the research department of the Japan Organization for Metals and Energy Security conducted joint workshops with KAPSARC, an energy think tank in ������Ƶ, last summer.</p> <p> In an interview with Arab News Japan, Toyoda Kohei, of JOGMEC’s Energy Research Division, outlined the unit’s main projects.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/04/09/4311111-919599592.jpg" width="750" height="497" alt="" title="The research department of the Japan Organization for Metals and Energy Security (JOGMEC) has conducted joint workshops with Saudi energy think tank KAPSARC. (JOGMEC)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/japan-organization-metals-and-energy-security-jogmec">Japan Organization for Metals and Energy Security (JOGMEC)</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item even"><a href="/tags/toyoda-kohei">Toyoda Kohei</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Tue, 09 Apr 2024 12:54:37 +0000 seamus.obuachalla 2490536 at /node/2489381/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/manal-al-barakati%C2%A0">MANAL AL-BARAKATI </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2024-04-07 12:47</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ can produce green hydrogen more efficiently than Germany, a recent report comparing the two nations has revealed.  </p> <p> Due to favorable environmental conditions, the Kingdom requires notably less investment for target H2 production compared to its European counterpart, according to a new finding by the King Abdullah Petroleum Studies and Research Center. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/04/07/4308041-1899301026.jpg" width="1000" height="667" alt="" title="Specifically, ������Ƶ’s high sunlight radiation levels translate into lower costs for solar-based hydrogen production, contrasting sharply with wind-based methods typically employed in areas with less light exposure, such as Germany. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/green-hydrogen">Green hydrogen</a></div><div class="field-item odd"><a href="/tags/suadi">suadi</a></div><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div></div></div> Sun, 07 Apr 2024 09:52:07 +0000 ameen.syed 2489381 at /node/2453736/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124736">ARAB NEWS </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2024-02-04 16:01</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Ongoing geopolitical tensions that are impacting the global economy are likely to persist in 2024 but are expected to ease in 2025, according to a leading think tank. </p> <p> In its latest report, ������Ƶ’s King Abdullah Petroleum Studies and Research Center stated that geopolitical headwinds are anticipated to create uncertainty in the global economy, leading to potential price hikes.  </p> <p> “The clearest result of our semi-annual survey indicates that geopolitical tension will continue in 2024 and relax in 2025,” stated KAPSARC in its report.  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/02/04/4211866-1958710609.jpeg" width="4096" height="2731" alt="" title=" In its latest report, ������Ƶ’s King Abdullah Petroleum Studies and Research Center stated that geopolitical headwinds are anticipated to create uncertainty in the global economy, leading to potential price hikes.  Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item odd"><a href="/category/tags/oil">Oil</a></div></div></div> Sun, 04 Feb 2024 13:09:12 +0000 ameen.syed 2453736 at /node/2390211/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2023-10-12 20:08</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Experts believe that the Middle East and North Africa region will soon assume a leading global position in terms of carbon capture, usage, and utility.</p> <p> They shared these views at a high-level workshop organized by the King Abdullah Petroleum Studies and Research Center in collaboration with the International Energy Forum. The event, which was attended by experts from all across the region, coincided with MENA Climate Week which concluded in the Saudi capital on Thursday.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/10/12/4046686-1461337752.jpg" width="1600" height="1067" alt="KAPSARC President Fahad Al-Ajlan speaks at an event to discuss the region&#039;s energy transition. Photo/Supplied" title="KAPSARC President Fahad Al-Ajlan speaks at an event to discuss the region&#039;s energy transition. Photo/Supplied" /></div><div class="field-item odd"><img src="/sites/default/files/2023/10/12/4046691-987548435.jpg" width="1600" height="1067" alt="Experts examine the role of technology and the value chain in offering low-carbon solutions. Photo/Supplied" title="Experts examine the role of technology and the value chain in offering low-carbon solutions. Photo/Supplied" /></div><div class="field-item even"><img src="/sites/default/files/2023/10/12/4046696-704696799.jpg" width="1600" height="1067" alt=" The workshop was organized by the King Abdullah Petroleum Studies and Research Center in collaboration with the International Energy Forum. Photo/Supplied" title=" The workshop was organized by the King Abdullah Petroleum Studies and Research Center in collaboration with the International Energy Forum. Photo/Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item odd"><a href="/tags/ief">IEF</a></div></div></div> Thu, 12 Oct 2023 17:17:33 +0000 shahrukh.jamshed 2390211 at /node/2375071/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/arab-news%C2%A0%C2%A0">ARAB NEWS  </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-09-17 12:36</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Amid widespread efforts by the Organization of the Petroleum Exporting Countries to stabilize the oil market, the King Abdullah Petroleum Studies and Research Center disclosed that lifting sanctions on Venezuelan and Iranian oil will not have any short-term impact on the sector.  </p> <p> In its recently released report, KAPSARC stated that Iran’s oil production will likely grow to 5 million barrels per day with or without sanctions. In contrast, Venezuelan oil production is unlikely to reach 1 million bpd under sanctions.  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/09/17/4005191-977125743.jpg" width="1000" height="677" alt="" title=" Venezuelan oil production in 2022 was 723,000 bpd, significantly below the record it reached in 1997 of 3.52 million bpd.  Photo/Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/category/tags/oil">Oil</a></div><div class="field-item odd"><a href="/category/tags/opec">OPEC</a></div><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div></div></div> Sun, 17 Sep 2023 09:40:09 +0000 ameen.syed 2375071 at /node/2333486/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2023-07-06 17:45</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s King Abdullah Petroleum Studies and Research Center received two awards from the secretariat of the Organization of the Petroleum Exporting Countries in recognition of its work on energy issues. </p> <p> KAPSARC received the “Best Energy Research Institute Award” during the 8th OPEC International Seminar held in Vienna.</p> <p> It also picked up the “OPEC Award for the Best Energy Research Paper” for its analysis of the stability of the oil market.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/07/06/3897261-50301170.jpg" width="1280" height="720" alt="" title="KAPSARC received the “Best Energy Research Institute Award” and the “OPEC Award for the Best Energy Research Paper” for its analysis of the stability of the oil market." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div></div></div> Thu, 06 Jul 2023 14:50:06 +0000 nirmal.menon 2333486 at /node/2313701/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2023-05-31 20:55</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The King Abdullah Petroleum Studies and Research Center organized a ceremony to mark the passing out of the first batch of its Public Leadership Executive Program last week.</p> <p> Saudi Energy Minister Prince Abdulaziz bin Salman, who is also the center's board chairman, attended the ceremony.</p> <p> According to a statement, the first-of-its-kind program in the Kingdom is offered by KAPSARC Academy in collaboration with the International Institute for Management Development, said a statement.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/05/31/3844851-565545293.jpeg" width="1024" height="683" alt="The first-of-its-kind program in the Kingdom is offered by KAPSARC Academy in collaboration with the International Institute for Management Development, said a statement. Supplied" title="The first-of-its-kind program in the Kingdom is offered by KAPSARC Academy in collaboration with the International Institute for Management Development, said a statement. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item odd"><a href="/tags/leadership-program">leadership program</a></div></div></div> Wed, 31 May 2023 17:58:16 +0000 shahrukh.jamshed 2313701 at /node/2312816/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla-and-nirmal-narayanan">Reina Takla and Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-05-30 13:50</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ������Ƶ’s emphasis on sustainability factors in the ongoing development projects will help it leapfrog to new sustainable technologies and standards, said Fahad Alajlan, president of the King Abdullah Petroleum Studies and Research Center.</p> <p> In his opening remarks at an event organized by the Riyadh-based research facility on Tuesday, he said the Kingdom has the capability of developing a robust, resilient, and sustainable transport and logistics network.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/05/30/3842786-173801799.jpeg" width="1024" height="683" alt="Experts from different sectors took part in panel discussions to highlight measures that the Kingdom should take to achieve its goal as part of its efforts to diversify its economy away from oil. AN photo by Huda Bashatah" title="Experts from different sectors took part in panel discussions to highlight measures that the Kingdom should take to achieve its goal as part of its efforts to diversify its economy away from oil. AN photo by Huda Bashatah" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item odd"><a href="/tags/nidlp">NIDLP</a></div></div></div> Tue, 30 May 2023 10:56:17 +0000 shafquat.ali 2312816 at /node/2253941/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/rbitem-author/arab-news">Arab News</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-19 15:22</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The volume of global investment in carbon capture and storage projects has hit $6.4 billion in 2022, said Fatih Yilmaz, an expert in the Climate and Sustainability Program at the King Abdullah Petroleum Studies and Research Center. </p> <p> Speaking during a panel discussion on carbon management techniques with the International Energy Forum and the Clean Energy Forum in Riyadh, Yilmaz highlighted that the average investment in CCUS projects ranged from $2 billion to $3 billion annually until 2022. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/19/3686241-1124576438.png" width="1024" height="683" alt="" title="KAPSARC co-hosted the second International Energy Forum High-Level Roundtable on Carbon Management Technologies in collaboration with the IEF and the Clean Energy Ministerial. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item odd"><a href="/tags/carbon">carbon</a></div><div class="field-item even"><a href="/tags/net-zero">Net Zero</a></div></div></div> Sun, 19 Feb 2023 12:26:08 +0000 nirmal.menon 2253941 at /node/2245786/business <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 17:08</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The world should embrace a balanced approach where climate ambitions are met without compromising on energy security and affordability, a top official from the King Abdullah Petroleum Studies and Research Center has said.</p> <p> In an exclusive interview with Arab News on the sidelines of the 44th conference of the International Association for Energy Economics, Fahad Alajlan, president of KAPSARC, said that ������Ƶ is leading this balanced approach through programs like Saudi Green Initiative, clean energy investments, and decarbonization efforts. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3664866-2046784124.jpeg" width="1599" height="899" alt="" title="Fahad Alajlan, president of KAPSARC (AN)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/main-category/business">Business</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item even"><a href="/tags/king-abdullah-petroleum-studies-and-research-center-kapsarc">King Abdullah Petroleum Studies and Research Center (KAPSARC)</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Mon, 06 Feb 2023 14:21:09 +0000 owen.bennett 2245786 at /node/2245716/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 15:35</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The oil market is on track to reach balanced levels between supply and demand in 2023, King Abdullah Petroleum Studies and Research Center expert Colin Ward said in an exclusive interview with Arab News.</p> <p> During 2023, oil supply is projected to surge 2.7 million barrels per day while demand is expected to increase by 1.8 million bpd, the research expert disclosed.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3664656-1932771950.jpeg" width="1599" height="899" alt="" title="King Abdullah Petroleum Studies and Research Center expert Colin Ward (AN)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/king-abdullah-petroleum-studies-and-research-center-kapsarc">King Abdullah Petroleum Studies and Research Center (KAPSARC)</a></div><div class="field-item even"><a href="/tags/oil-markets">oil markets</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Mon, 06 Feb 2023 12:40:10 +0000 owen.bennett 2245716 at /node/2245076/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 10:27</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: As the world pushes to achieve net zero, there is no one path or a defined one-size solution that fits all, said Saudi Energy Minister Prince Abdulaziz bin Salman during an energy event in Riyadh. </p> <p> “There are many pathways that get us there ... pathways that take into account national circumstances, economic development, and solutions that are local, national, regional, and global,” the minister said during his inaugural speech at the 44th International Association for Energy Economics conference. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3662671-1025545892.jpeg" width="670" height="446" alt="" title="Saudi Energy Minister Prince Abdulaziz bin Salman. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">������Ƶ</a></div><div class="field-item even"><a href="/tags/renewable-energy">Renewable Energy</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> Sun, 05 Feb 2023 07:31:23 +0000 nirmal.menon 2245076 at /node/2242971/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri">Nour El Shaeri</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2023-02-01 17:28</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> CAIRO: ������Ƶ will host the 44th International Association for Energy Economics International Conference from Feb. 4-9 to discuss the path for a sustainable future. </p> <p> To be held for the first time in the Middle East and North Africa region, the event is set to take place at the King Abdullah Petroleum Studies and Research Center in Riyadh in cooperation with the Saudi Association for Energy Economics. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/01/3656991-1692283861.jpg" width="1170" height="556" alt="To be held for the first time in the Middle East and North Africa region, the event is set to take place at the King Abdullah Petroleum Studies and Research Center in Riyadh in cooperation with the Saudi Association for Energy Economics. File" title="To be held for the first time in the Middle East and North Africa region, the event is set to take place at the King Abdullah Petroleum Studies and Research Center in Riyadh in cooperation with the Saudi Association for Energy Economics. File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">������Ƶ</a></div><div class="field-item even"><a href="/tags/net-zero">Net Zero</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> Wed, 01 Feb 2023 14:31:04 +0000 shahrukh.jamshed 2242971 at /node/2181721/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2022-10-15 23:36</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Successive sanctions by the US and EU-led Western allies on Russia could slightly reduce ������Ƶ’s oil exports to India and China, as the Asian giants will buy more Russian oil at a lower price, a report has suggested.</p> <p> The analysis released by the King Abdullah Petroleum Studies and Research Center noted that the gross domestic product of India and China would benefit due to discounted oil imports.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2022/10/15/3492651-1864019797.jpg" width="1159" height="1669" alt="" title="Russia’s energy exports to China increased in value by 17 percent in the July-August period compared with February and March, while exports to India rose by 5.7 percent, according to the KAPSARC report. (AFP)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/saudi-oil">Saudi oil</a></div><div class="field-item odd"><a href="/category/tags/russia">Russia</a></div><div class="field-item even"><a href="/tags/eu-sanctions">EU sanctions</a></div><div class="field-item odd"><a href="/tags/oil-exports">oil exports</a></div><div class="field-item even"><a href="/tags/asia">Asia</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> Sat, 15 Oct 2022 20:42:53 +0000 Sajjadkk 2181721 at