[TRSDC signs first $400 million joint venture with Al Mutlaq Group] Red Sea Development Corporation signed a joint venture agreement worth 1.5 billion riyals with Almutlaq Real Estate Investment Co., a subsidiary of AlMutlaq Group. Under the agreement, the two companies will develop Jumeirah Red Sea Resort, a 159-room luxury resort on Shura, the hub island of the Red Sea destination, which is currently under construction and is expected to open in early 2024. Editor/Xing Wentao

Click to see more live >>

• 2026.05.20 18:19
• [China Petroleum makes its debut at the 2026 Oman Oil and Energy Exhibition]
• On May 18, 2026, the Oman Oil and Energy Exhibition will grandly open at the Muscat Convention and Exhibition Center. China Petroleum Oman Company coordinated and joined forces with international business companies, Oriental Geophysical Exploration, Great Wall Drilling, Gemstone Machinery, Pipeline Bureau, Engineering Construction Company, Global Engineering Corporation and other units to showcase the advantages of the integrated full industry chain of exploration and development, engineering technology, engineering construction, new energy, international trade, and equipment manufacturing at the exhibition.Editor/Gong Ziwei

• 2026.05.20 18:17
• [China's first geothermal carbon dioxide heat extraction project officially landed]
• On May 19, 2026, China's first geothermal energy supercritical carbon dioxide heat extraction project, developed and constructed by China Huaneng, was officially put into operation in Zhengzhou, Henan, marking a new breakthrough in the efficient development and utilization of geothermal energy in China. After the project is put into operation, it can meet the centralized heating demand of over 18000 square meters of residential buildings in winter, replace about 288 tons of standard coal annually, and reduce carbon dioxide emissions by about 750 tons.Editor/Gong Ziwei