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Saudi Arabia throws down challenge on oil production cuts

2015-12-03 15:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: Saudi Arabia has thrown down a challenge to big rival oil producers ahead of this week's Opec meeting, saying it would back output cuts as long as they were supported by countries both inside and outside the cartel. The kingdom, the Organisation of Petroleum Exporting Countries' (OPEC's) de facto leader, has set a high bar for a deal that is unlikely to be met by the time of Friday's meeting in Vienna, but it leaves open the possibility of an agreement in 2016. The move indicates a further...

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Wabtec to supply freight car components to Saudi Arabia Railway

2015-11-18 01:00:00| Railway Technology

US-based Wabtec has secured a $26m order to provide components, including electronically controlled pneumatic (ECP) braking equipment, for 1,186 freight cars to be built for the Saudi Arabia Railway.

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GACA to privatise airports and related services in Saudi Arabia in 2016

2015-11-16 01:00:00| Airport Technology

Saudi Arabias General Authority for Civil Aviation (GACA) has reportedly announced plans to privatise the countrys airports and related services.

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GE Oil & Gas inaugurates first-phase expansion of advanced manufacturing facility in Saudi Arabia

2015-11-10 01:00:00| Hydrocarbons Technology

GE Oil & Gas has inaugurated first-phase expansion of the 10,500m Made in Saudi manufacturing facility in Dammam, Saudi Arabia.

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US approves $11.2bn foreign military sale to Saudi Arabia

2015-10-21 01:00:00| Naval Technology

The US State Department has approved a possible foreign military sale worth approximately $11.2bn to the Kingdom of Saudi Arabia for multi-mission surface combatant (MMSC) ships, associated equipment, parts and logistical support.

Tags: sale foreign military arabia

 

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