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In this Global Platform video, Oxford Business Group speaks with Edward Koranteng, CEO, Minerals Income Investment Fund (MIIF), on Ghana’s mining industry. While Ghana is Africa’s largest gold producer...

The Report: Kuwait 2024
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Energy Sector Analysis

Kuwait’s upstream oil activities and crude oil exports are the central pillars of the country’s economy. In recent years the government has embarked upon an economic diversification drive to reduce...

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The Report: Abu Dhabi 2023
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Energy Sector Analysis

Abu Dhabi’s ongoing transition from a fossil fuel-dependent economy to one driven by clean energy marks a significant shift. Hosting the Arab world’s first nuclear power plant and the largest single-site solar...

Driving Saudi Arabia's economic transformation: Unleashing growth and innovation across strategic sectors

Saudi Arabia’s Vision 2030 blueprint for socio-economic transformation is capturing international attention. Beyond high-profile projects and events, strategic cohesion and societal support are facilitating...

Energy Sector Analyses

Overview

New technology in Kuwait's energy sector creates investment opportunities
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Kuwait’s upstream oil activities and crude oil exports are the central pillars of the country’s economy. In recent years the government has embarked upon an economic diversification drive to reduce vulnerability to oil price volatility and generate sustainable longterm growth. Nevertheless, infrastructure expansion works are taking place, or have recently been completed, at each stage of the hydrocarbons value chain with the aim of maximising revenue to fund broad-based economic development...

Interview

Ahmed Jaber Al Eidan, CEO, Kuwait Oil Company (KOC)
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On building local capacity and diversifying the energy mix

Analysis

Alternative energy production accelerates amid the energy transition
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The energy transition continued apace in 2022 despite Russia’s invasion of Ukraine in February of that year, ongoing disruptions to supply chains and inflationary pressures – all of which translated into high energy prices around the globe. However, sustained high prices may mark an inflexion point in shifting the global energy system away from a dependence on hydrocarbons and towards lower-cost clean energy resources...

Overview

How COP28 will create opportunities in Abu Dhabi’s energy sector
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Despite Abu Dhabi’s history and reputation as a major oil exporter, the emirate is integral to the UAE’s ongoing transformation from an economy dependent on fossil fuels to one fuelled by clean energy. This clean-energy transition has already seen Abu Dhabi host the Arab world’s first nuclear power plant, as well as the largest single-site solar power plant in the world at the time when it was built. With the COP28 UN Conference on Climate Change taking place in the UAE in November and December 2023, the event looms large...

Interview

Awaidha Murshed Al Marar, Chairman, Department of Energy (DoE)
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On producing green energy and reducing carbon emissions

How the energy sector can capitalise on renewables in support of Oman Vision 2040

The OQ Leadership Team

In this Global Platform video, the OQ Leadership Team discuss Oman’s net-zero goals and outline the country’s potential to boost power generation from renewable resources, including wind...

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Capacity expansion supports Djibouti’s efforts to realise its green power potential
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Efforts in Djibouti to increase energy capacity and accelerate the shift from hydrocarbons to renewables moved forwards in September 2023 with the inauguration of the Ghoubet wind farm.

Economic View

Ahmed Al Shamsi, Managing Director and CEO, Abu Dhabi Sustainable Water Solutions Company (SWS)

On innovative approaches in water conservation and reuse

Economic View

Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions & International Growth, ADNOC

On Abu Dhabi’s carbon capture efforts and the role of hydrogen in the energy mix

Economic News

How emerging markets are navigating the rising cost of solar power
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With high energy prices and supply chain disruptions creating shortages of key renewable energy components and materials, emerging markets are reassessing how to build out utility-scale solar power to accelerate their energy transitions. After more than a decade of decline, the cost of solar photovoltaic (PV) panels has risen around the world, due primarily to the increasing cost of solar-grade polysilicon in China. A key component in PV panels, polysilicon spot market prices rose from less than $7 per kg in July 2020 to $39 in August...

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Saltwater batteries and the emerging blue energy economy
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As emerging markets seek to accelerate their energy transitions by increasing solar and wind power capacity, recent technological advancements that harness the sodium from saltwater could provide a crucial breakthrough in battery storage. In recent months start-ups and researchers have debuted saltwater battery technologies that promise cheaper capacity to store variable solar and wind power at scale, a development that could help to reduce global dependence on lithium. In January US-based tech start-up Salgenx...

Economic News

How tech can unlock geothermal energy in emerging markets
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As countries around the world look to increase baseload power generation, reduce energy imports and decarbonise their economies, emerging markets are boosting geothermal power generation with the help of new technologies and expertise. A new drilling technology developed by Quaise Energy, a US geothermal start-up spun out of the Massachusetts Institute of Technology that uses gyrotron-powered millimetre waves to vaporize rock, could allow for producers to drill as far down as 20 km compared to the average drilling...

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African gas suppliers look to meet Europe’s future LNG demand
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As the EU works to rebalance its gas supply away from Russia, African countries are expected to gain a larger share of the bloc’s liquefied natural gas (LNG) market in the coming years. Last month the EU announced that it would launch the first tenders for joint gas purchases in April, with contracts expected to be signed by June. This novel approach seeks to leverage the bloc’s purchasing power to secure supplies at lower prices ahead of the summer when EU countries are expected to refill their underground gas storage...

Economic News

Shifting oil market creates export opportunities for emerging markets producers
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With EU bans on Russian oil and oil-product exports set to go into effect this year in response to Russia’s ongoing war in Ukraine, emerging market producers are poised to gain larger shares of an evolving market. EU bans against Russian oil products such as diesel were rolled out earlier this month, following bans on Russian seaborne crude oil exports that began last December. Last week, Patrick Pouyanné, CEO of France’s TotalEnergies, said that there is...

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