Reuters State-controlled utility Saudi Electricity Co said on Monday that its executive committee had agreed to invite private investors to participate in creating an additional 5,400 megawatts of generating capacity. The projects may be executed in phases, Saudi Electricity said without giving details. Saudi Arabia’s economic reform plans, announced this year, focus on saving the government money by introducing ...

  Bloomberg Oil climbed to the highest level in three months in New York as traders continued to assess last week’s change in OPEC policy. U.S. crude futures rose as much as 1.3 percent after advancing 8.5 percent last week. While OPEC outlined an accord to reduce production by as much as 750,000 barrels a day, its third-largest member Iran ...

  Reuters Qatargas, the world’s largest LNG producer, will start operations at its new Ras Laffan 2 condensate splitter by the end of this month, doubling the Gulf state’s capacity to process condensate, two sources with knowledge of the matter said on Monday. The 146,000 barrel per day (bpd) facility had been due to open in September but was delayed ...