CN EV Post
MARCH 16, 2023
Image from Enovate's Weibo) Enovate Motors, the Chinese new energy vehicle (NEV) startup that announced late last year that it would build a production base in Saudi Arabia, is actually facing financial woes in its home market. Enovate has closed eight financing rounds totaling more than RMB 11.5
Green Car Congress
AUGUST 25, 2015
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Saudi Policy: OPEC-centric or Self-Serving?
Green Car Congress
JULY 21, 2022
Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion. The 400,000 b/d Jizan refinery in Saudi Arabia reportedly came online in late 2021 and began exporting petroleum products earlier this year.
Green Car Congress
OCTOBER 20, 2015
In practice, the call for a change is a call for Saudi Arabia and Russia, the two dominant global crude exporters, which each daily export over seven-plus mmbbls (including condensates and NGLs) and which each see the other as the key to any "balancing" moves, to bear the brunt of any production cuts.
Green Car Congress
OCTOBER 6, 2015
They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. Wary of U.S.
Green Car Congress
OCTOBER 31, 2014
Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. However, the Chinese have a problem in their plans for the yuan. The company was also seeking financing for a gas project in Russia despite Western sanctions. “It
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