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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

China–UAE News
Source: ForkLog

ForkLog Details Expanding China-UAE Trade Settlements via mBridge and Digital Yuan Rails

A report by ForkLog details how central bank digital currencies and digital rails are transforming cross-border trade settlements between China and the UAE. According to cited Atlantic Council data, the multilateral mBridge platform has processed over 4,000 transactions totaling $55.5 billion, with roughly 95% settled in e-CNY. Furthermore, CNPC and Bank of China established a Macau-UAE settlement corridor, and China's CBETS cross-border system connected participants across the UAE and Qatar.

China–UAE News
Source: Technical Review Middle East

UAE Invites Chinese Companies to Expand Industrial and Manufacturing Partnerships

The United Arab Emirates has formally invited Chinese enterprises to explore manufacturing partnerships and investment opportunities across key industrial sectors. Priority focus areas include advanced manufacturing, clean energy, artificial intelligence, and healthcare research and development. UAE authorities highlighted enablers including 100 percent foreign ownership, streamlined corporate taxes, and the National In-Country Value programme.

Industry News
Source: SaudiGulf Projects

POWERCHINA, Elsewedy Electric and Sinohydro Sign EPC Deal for Saudi Rabigh 2 Project

A consortium comprising POWERCHINA, Elsewedy Electric, and Sinohydro has signed an EPC contract for Saudi Arabia's Rabigh 2 CCGT expansion project. The project will add approximately 2,400 MW of power generation capacity on Saudi Arabia's western coast. The milestone follows the recent financial close achieved by project developer ACWA Power.

Industry News
Source: Baird Maritime

US-China crude tanker shipping rates ease after reaching record highs

The benchmark TD22 supertanker freight rate for shipping crude oil from the US to China slipped to $634,974 per day after hitting an all-time peak of $637,675 on October 8. Elevated chartering costs have prompted Chinese refiners to turn to Middle Eastern and Latin American suppliers for crude supplies.

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