SR33 billion desal plant for EP approved

Updated 03 May 2014
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SR33 billion desal plant for EP approved

The Minister of Water and Electricity Abdullah Al-Hassein said the Council of Ministers has approved the funding of SR33 billion to establish a new desalination plant in the Eastern Province with a capacity of 1.5 million cubic liters.
The funding approval also includes laying of new pipelines between Al-Jubail and Riyadh, and another one to transfer water from Rabigh to Briman and then to Makkah.
He said that a month from now, the biggest pumping project “Ras Al-Khair Project,” will benefit the second plant in Al-Jubail, which has been in service for more than 30 years, and feeds Riyadh with 800,000 and 100,000 million cubic liters of water for the internal areas of Yadeir, Al-Ghat, Al-Zalafi and Al-Washam, and 100,000 million cubic liters for Hafre Al-Batin and Al-Naeriyah.
He denied there was a water crisis in Jeddah, or water cuts that resulted from maintaining water pipelines, or due to any accident. To avoid any crisis, a massive strategic reservoir will be established in Briman Al-Faislaiah, he said.
He said the per capita consumption of water was now 300 liters compared to 200 liters a few years ago. The rate of pumping water to Jeddah had increased to 1.1 million cubic liters. Sewage has been operated in Al-Matar neighborhood and Al-Khamrah. Work is under way to connect all areas to the sewage network of the Kingdom.
He called on consumers to rationalize water consumption, and use rationing devises. Consumption of health devices will be limited, especially the expulsion box, he said, adding that import of any equipment that violates the regulations will be banned.


Oil prices jump as US crude stocks fall, Middle East worries add support

Updated 26 June 2019
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Oil prices jump as US crude stocks fall, Middle East worries add support

  • Analysts said the gains were mainly driven by American Petroleum Institute data showing a fall in US crude inventories
  • Data come as traders watched for any signs that tensions between the US and Iran could escalate into military conflict
SYDNEY: Oil prices rose more than 1 percent on Wednesday to their highest in nearly a month as industry data showed US crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential US-Iran conflict.
Front-month Brent crude futures, international benchmark for oil, were up 1.3 percent at $65.91 by 0341 GMT. They earlier touched their highest since May 31 at $66 a barrel.
US West Texas Intermediate (WTI) crude futures were at $58.98 per barrel, up 1.8 percent from their last settlement. WTI earlier hit its strongest level since May 30 at $59.03 a barrel.
Analysts said the gains were mainly driven by American Petroleum Institute (API) data showing a fall in US crude inventories.
US crude stockpiles fell by 7.5 million barrels in the week ended June 21 to 474.5 million, compared with analyst expectations for a decline of 2.5 million barrels, the data showed. Crude stocks at US delivery hub Cushing, Oklahoma, fell by 1.3 million barrels.
“Oil prices went ballistic after the API report,” said Stephen Innes, a managing partner at Vanguard Markets.
“Oil prices have been squeezing higher on escalating tensions in the Middle East. But with late-day draws showing up in the API report, this is a strong signal for the energy market,” Innes said.
The data came as traders watched for any signs that tensions between the United States and Iran could escalate into military conflict.
US President Donald Trump threatened on Tuesday to obliterate parts of Iran if it attacked “anything American,” in a new war of words with Iran. Tehran has condemned a fresh round of US sanctions as “mentally retarded.”
Bilateral tensions between the two have spiked anew after Iran shot down a US drone last week in the Gulf. Relations have been tense since Washington blamed attacks on oil tankers just outside the Gulf in May and June on Iran, while Tehran has repeatedly said it had no role in the incidents.
Conflict between Washington and Tehran has stoked fears that shipments passing through the Strait of Hormuz — the world’s busiest oil supply route — could be disrupted.
Seeking to calm a nervous market, the head of national oil company Saudi Aramco said on Tuesday the company can meet the oil needs of customers using its spare capacity.