[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

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• 2026.07.20 11:46
• [New unit of West Africa's largest biomass power plant put into operation]
• On July 14, 2026, the endurance test and performance test of Unit 2 of the 46 MW biomass power plant project in Ivory Coast, jointly contracted by China Energy Construction Engineering Group and China Energy International Group, were completed and officially put into operation. The total installed capacity of this project is 46 megawatts, making it the largest biomass power station under construction in West Africa and the world's first large-scale biomass power station primarily fueled by palm leaf stalks.Editor/Gong Ziwei

• 2026.07.20 11:35
• [PetroChina Southwest Oil and Gas Field Oil and Gas Production Double Growth]
• The largest natural gas production enterprise in Southwest China, PetroChina Southwest Oil and Gas Field Company, achieved dual growth in oil and gas production in the first half of 2026, with a cumulative production of 25.31 billion cubic meters of natural gas and an oil and gas equivalent exceeding 20 million tons, setting a new historical high for the same period.Editor/Gong Ziwei