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National Water Company Builds Three Reservoirs in Riyadh

National Water Company Builds Three Reservoirs in Riyadh
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National Water Company Builds Three Reservoirs in Riyadh

National Water Company Builds Three Reservoirs in Riyadh

The National Water Company (NWC) revealed in a press release that it recently completed the construction and operation of several water reservoirs to support the daily distribution of water in Diriyah governorate, and the districts of Hittin and Al Nakheel north of Riyadh.
The construction of the reservoirs, which cost over SAR43 million, is part of the first phase of the Strategic Water Plan for Riyadh, SPA reported.
According to the company, the project included the construction and operation of two water tanks, with a capacity of 10,000 cubic meters per tank, as well as the operation of an existing tank with a capacity of 4,000 cubic meters, bringing the total tank storage capacity to 24,000 cubic meters.
According to NWC, the project aims to improve the efficiency and stability of operations, and to pump water continuously, especially in the high parts of Hittin and Al Nakheel districts.
The company, the release said, continues to implement several water projects to improve the quality of the services provided and, at the same time, keep pace with the increasing demand for water, which it distributes according to schedules
NWC implements its projects in accordance with the highest quality standards, said the release.

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FILE PHOTO: A view of the Stena forth drill rig for Springfield Group, the first independent African energy company to discover oil in deep sea, is pictured at the sea near Takoradi, Ghana November 15, 2019. REUTERS/Kweku Obeng/File Photo
FILE PHOTO: A view of the Stena forth drill rig for Springfield Group, the first independent African energy company to discover oil in deep sea, is pictured at the sea near Takoradi, Ghana November 15, 2019. REUTERS/Kweku Obeng/File Photo
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Oil Slips on Higher US Crude Stocks, Easing Mideast Tensions

FILE PHOTO: A view of the Stena forth drill rig for Springfield Group, the first independent African energy company to discover oil in deep sea, is pictured at the sea near Takoradi, Ghana November 15, 2019. REUTERS/Kweku Obeng/File Photo
FILE PHOTO: A view of the Stena forth drill rig for Springfield Group, the first independent African energy company to discover oil in deep sea, is pictured at the sea near Takoradi, Ghana November 15, 2019. REUTERS/Kweku Obeng/File Photo

Oil prices slipped on Wednesday on estimates showing swelling US crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.
Brent crude futures fell 11 cents, or 0.1%, to $77.09 a barrel by 0630 GMT. US West Texas Intermediate crude dipped 14 cents, or 0.2%, to $73.03, Reuters reported.
US crude oil stocks were seen rising last week by 347,000 barrels, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline and distillate stocks, however, fell by 1.043 million barrels and 2.247 million barrels respectively, according to the sources.
The United States is the world's biggest producer and consumer of oil, and growing inventories point to oversupply that could pressure prices.

Meanwhile, US Secretary of State Antony Blinken wrapped up a trip to the Middle East intended to help broker a ceasefire agreement in Gaza.
Blinken and mediators from Egypt and Qatar have raised hopes for a US "bridging proposal," which could shrink the gaps between the two sides in the 10-month-old war.
"Hopes of a cease-fire between Israel and Hamas have weighed on oil, along with lingering demand concerns," ING commodities strategists said.
"While weaker Chinese demand has been well reported, refinery margins around the globe have been under pressure for much of August, suggesting that these demand concerns are not isolated to just China," they said.
The economic struggles in top crude importer China have continued to hobble the market, as weak processing margins and low fuel demand curbed operations at state-run and independent refineries.
Imports of crude oil from top supplier Russia fell in July by 7.4% from a year ago, while fuel oil imports retreated for a third straight month, customs data showed this week.