Browsing: Production

RIYADH: The production of Egyptian oil fields is poised to surge following a $66 million investment deal between Saudi drilling firm ADES and the subsidaries of the country’s petroleum corporation. 

The sub-index for mining and quarrying activity, which accounts for 61.4% of the index weight, rose to 98.2 points from 98 points in December last year

Production started up again on Wednesday at Tesla’s European gigafactory in Gruenheide, Germany, local radio broadcaster rbb reported, after an arson attack on a nearby electricity pylon led to a days-long power outage at the plant.

MOSCOW, March 13. /TASS/. Sibur plans to start production at the EP-600 ethylene plant in Tatarstan before the end of this year, CEO of the Russian petrochemical company Mikhail Karisalov told reporters.

RIYADH: Saudi Arabia’s Industrial Production Index recorded a 0.3 percent monthly increase in January, propelled by a marginal rise in mining and quarrying activity, official data showed.  

Africa’s biggest producer is trying to halt a flight of investment capital from its onshore fields by oil majors fleeing assets prone to spills caused by attacks including sabotage and vandalism

Zambia is planning to start rationing electricity next week as a devastating drought that has been declared a national disaster affects hydropower generation, as well as food production

MOSCOW, February 29. /TASS/. Series production of MC-21 passenger jets may begin in 2025-2026, CEO of Rostec state corporation Sergey Chemezov told reporters.

The U.S. economy grew at a solid clip in the fourth quarter amid strong consumer spending, the government confirmed on Wednesday, but it appears to have lost some speed early in the new year.

Specialists from the Avtotor Innovation and Technology Center and representatives of the brand-holder company has been working together several months to prepare the launch of production of these cars