Sojitz Corporation’s Post

🔋Electriciy 🚰Utility Companies ⚡️Energy Power and Water Utility Company for Jubail and Yanbu SJSC (MARAFIQ🇸🇦) provides seawater cooling systems, district cooling systems, desalinated and treated water systems, and sanitary and industrial drainage systems, among others. Its business segments include Power that offers electric• power generation , transmission, distributionand retail sales; Water that includes desalinated and treated water systems, industrial water production, distribution, sea water cooling systems, industrial and sanitary waste water treatment and disposal; Gas includes sales gas distribution and retail sales of gas; Jubail Water and Power Company (JWAP) that engaged to develop, construct, own, operate and maintain water and power plant and sell water and electricity; Tawreed that is engaged to purchase of water and electricity and sale of these utilities to the On- Sale Parties ; and Corporate and others segment that includes all other activities that are not directly linked to identifiable operating segments.Number of employees: 2,107 Global 🌏 shareholders in 💸 laundering and 🔫 funding: Shareholders 🇸🇦SABIC 🇸🇦Government of Saudi Arabia 🇸🇦ARAMCO 🇸🇦Public Investment Fund (Investmen... 🇬🇧State Street Global Advisors Ltd. 🇸🇪Sjunde AP-fonden 🇸🇬Wellington Management Singapor... 🇦🇪Azimut (DIFC) Ltd. 🇮🇪Northern Trust Fund Managers 🇮🇳Mercer Global Investments Europ...

Calash has traditionally serviced global markets, and 2023 has been no different, with around one third of projects found outside the UK, most notably across the EU, North America, Australia and the Middle East. This includes our most recently announced project in KSA, where we provided due diligence to the Public Investment Fund (PIF) on its investment into Alkhorayef Petroleum. Our thematic focus on the energy transition, infrastructure, cleantech and complex industrial equipment and services drives where we work and is applicable across geographic end markets. Our team is comprised of seasoned industry experts with experience of regulations and commercial drivers in key jurisdictions. This ability to work across different countries and regions is critical when assessing businesses and strategies related to the energy transition, given a visible uptick in inbound or outbound foreign investment looking for growth opportunities. With Middle Eastern funds looking at Scottish technology businesses, Asian industrials weighing European power opportunities, UK wind supply chain companies seeking diversification into the EU, US and APAC, or American sponsors seeking bargain oil and gas investments, capital flows are increasingly multijurisdictional, and so is our work. https://lnkd.in/eMkkGX9f #energytransition #mergersandacquisitions #consulting #duediligence

Oman’s state energy company OQ is considering selling shares in two units this year as the country seeks to raise funds and deepen capital markets by listing government-owned businesses across the economy, Bloomberg reported. OQ is evaluating plans to list its exploration and production business, as well as a methanol and liquefied petroleum gas fuels unit. Oman, the biggest Persian Gulf oil producer that’s not a member of OPEC, is hoping an influx of capital from state asset sales will boost industries such as energy, transport and tourism. That’s part of a broader trend of divestments in the energy-rich region as larger neighbors Saudi Arabia and the United Arab Emirates also look to diversify their economies to prepare for a post-oil age. #IPO #Energy #OilandGas

PAKISTAN INSIGHT April 18, 2024 Pakistan E&Ps KSA to invest US$1bn in Reko Diq Project As per media reports, KSA intends to invest US$1bn in the Reko Diq project. We opine that this investment will be used to purchase 25% stake of Reko Diq project from SOEs. Assuming the funds are distributed equally, each—OGDC, PPL, and GHPL—which all hold an 8.33% stake in Reko Diq, would receive US$333.3mn. We have calculated gain arising from sale of Reko Diq in two scenarios which are described below: Scenario 1: The company has been recording foreign exchange difference in OCI. In this scenario, we have calculated the gain in USD and then converted this gain into PKR, amounting to PKR40.8mn Scenario 2: Here, we assume that the foreign exchange gain will be reflected in the P&L while recording the gain on investment. To highlight, company currently records foreign exchange gains in OCI, we believe it may redirect these gains to the P&L. Regards, Insight Research #oilandgas #oilexploration Oil & Gas Development Company Limited - Official Page Pakistan Petroleum Limited

WAFI Energy LLC, a prominent entity in the fuel station business based in Saudi Arabia, is eyeing the acquisition of a controlling stake of up to 77.42% in Shell Pakistan Limited (SHEL). The company aims to make inroads into the South Asian market through this strategic move. Shell Pakistan Limited recently announced the news in a disclosure to the Pakistan Stock Exchange (PSX), indicating the firm interest expressed by WAFI Energy LLC in acquiring a significant portion of the company's voting shares. If successful, this acquisition could potentially reshape the landscape of Shell's operations in Pakistan. WAFI Energy LLC, established in 2012 with an initial capital of 3 million Saudi Riyal, operates an extensive retail gas station network and holds the exclusive license for Shell's Retail Network in gas stations across Saudi Arabia, underscoring its significant influence in the energy sector. This development follows Shell Petroleum Company Limited's earlier announcement of its intention to divest its shareholding in the Pakistani entity. The ensuing expression of interest from various potential acquirers, including Saudi Aramco, Pakistan Refinery Limited (PRL), and Air Link Communication (AIRLINK), underscores the strategic importance of Shell in the region. Shell Pakistan Limited reported a robust profit after tax of Rs. 6,450 million for the nine months ending September 30, 2023, indicating a substantial increase compared to the corresponding period last year. With multiple contenders showing interest in acquiring a majority stake in Shell Pakistan Limited, the energy industry in Pakistan is poised for potentially transformative changes, driven by the increasing international interest in the sector. #Shellpakistan #Pakistan #stakeholders #company

We are delighted to welcome bp to the existing consortium comprising #Masdar, Hassan Allam Utilities, and Infinity Power to explore the potential development of a multi-phase #GreenHydrogen (gH2) project in #Egypt. bp will act as the main developer and operator after signing a Joint Development Agreement (JDA) that combines the partners' #GreenHydrogen projects in #Egypt into a single large-scale project focused on producing #GreenHydrogen and its derivatives for export. The newly formed consortium has signed a Framework Agreement (FWA) with the Egyptian government to start carrying out a set of studies and activities to evaluate the technical and commercial feasibility of the project. 🔗 Read More: https://lnkd.in/dzG6SNkw #Masdar #PioneeringEnergy Ayman Soliman | Nader Zaki | Andreas Bieringer | Mohamed I. Mansour | Hala H. Elsaid | Karim Hefzy | Suez Canal Economic Zone (SCZONE) | The Sovereign Fund of Egypt | bp | Hassan Allam Utilities | Infinity Power | وزارة التخطيط والتنمية الاقتصادية مصر

Ports. The place where a ship goes to load/unload cargo, or board/alight passengers. It is also generally where ships do fuel bunkering as well. With the energy transition, ports worldwide need to adapt to cater to an increasing range of alternative fuels. This is what authorities like SOHAR Port and Freezone are doing. "The LNG bunkering project boasts a distinct commitment to sustainability as “the first of its kind” powered by 100% solar electricity. The port plans to invest $1.6 billion into the project, spanning over 44,5 hectares." It will be interesting how the LNG storage bunkering facilities can eventually evolve to facilitate storage and bunkering for other cryogenic fuels such as ammonia and hydrogen. Key points to watch: 1. Training and upskilling of shore staff, and possibly bunkering vessel crew, to ensure safe handling of LNG and other cryogenic fuels. 2. How solar electricity can be expanded to facilitate production of green ammonia/hydrogen/methane/methanol in-situ, thereby reducing well to wake emissions. No fuel will be a silver bullet, so keeping all options will be imperative, as it will take a mosaic of solutions to decarbonize shipping. What else can be done to encourage ports to invest in such storage and bunkering facilities, be it for bio or synthetic fuels? Feel free to comment below. #ammonia #biofuels #hydrogen #methanol #sustainableshipping #decarbonization

We are thrilled to share a major milestone in our journey towards innovative energy solutions! ⚡ Consultics Group is proud to announce a strategic Memorandum of Understanding (MOU) between Decarb Trading F.Z.E. & S.P.C.N. Consultics LTD JV and Al Manaar Group, aimed at advancing waste heat recovery technologies in Saudi Arabia. This groundbreaking partnership spans crucial aspects such as technology transfer, market entry, sales, and project management. Leveraging the formidable market presence of Al Manaar Group in Saudi Arabia, we are poised to make significant strides in the field of waste heat recovery. The MOU underscores the deep commitment shared by all parties involved. Together, we are dedicated to harnessing our collective strengths to ensure the successful implementation of cutting-edge technology in the region. Our collaborative efforts are not just about the present; they are geared towards shaping a sustainable and advanced energy landscape for the future. This partnership signifies a crucial step forward in innovative energy management, aligning seamlessly with Saudi Arabia's visionary 2030 goal of establishing a Circular Economy. We are excited about the possibilities that lie ahead and look forward to contributing to the realization of a greener, more sustainable future. Stay tuned for updates on our journey towards pioneering energy solutions in Saudi Arabia! #ConsulticsGroup #PartnershipAnnouncement #WasteHeatRecovery #Innovation #SustainableEnergy #CircularEconomy #SaudiArabia2030Vision

The Capital Market #Authority (CMA), which serves as Oman's stock market regulator based in #Muscat, is currently reviewing the prospectus for the much-anticipated initial public offering (#IPO) of #OQ Gas Network Company (OQGN). OQGN is the exclusive operator of Oman's #gas transportation system. As reported by the #Oman News Agency, the anticipated size of OQGN's IPO is approximately RO212mn (49% of shares), making it the largest IPO in the #history of Oman's capital market. OQGN holds a natural monopoly over the crucial gas transportation #infrastructure in Oman since it is the sole owner and operator of the natural gas transportation #network. The company manages an extensive network of gas pipelines spanning over 4,030km across the sultanate, supplying gas to various industries including #power plants, #desalination plants, #factories, #refineries, and #oil companies. OQGN has maintained a gas availability rate exceeding 99.99% over the past 10 years. By offering shares through the IPO, OQGN aims to take advantage of the financing benefits offered by the capital market for its projects and #investments. This IPO will be the second significant IPO at the Muscat Stock Exchange this year, following the highly successful IPO of Abraj Energy Services SAOC Energy Services Company in February, which received overwhelming interest from retail and institutional investors and was nearly nine times oversubscribed. #omanvision2040 #omancareer #omanjobs #development #finance #ipoalert #ipos OQ OQ8 OQ Technology #lng #lngindustry Omanlng #omandaily

This is another milestone investment for ANDOC L&S. These eight new LNG carriers - 10 if options are taken - will be delivered from 2028 and will be time chartered for 20 years to ADNOC Group subsidiaries. These vessels are state of the art ships - delivering the most efficient performance in the fleet. They are both a statement of our expansion ambition, and a demonstration of how shipping can meet its global emissions reduction targets. https://lnkd.in/dUtSnMmK