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Saudi Arabia Starts Operating First Wind Turbine In Al-Jouf Region

FILE PHOTO: A power-generating windmill turbine is seen at the Eneco Luchterduinen offshore wind farm near Amsterdam, Netherlands September 26, 2017. REUTERS/Yves Herman/File Photo
FILE PHOTO: A power-generating windmill turbine is seen at the Eneco Luchterduinen offshore wind farm near Amsterdam, Netherlands September 26, 2017. REUTERS/Yves Herman/File Photo
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Saudi Arabia Starts Operating First Wind Turbine In Al-Jouf Region

FILE PHOTO: A power-generating windmill turbine is seen at the Eneco Luchterduinen offshore wind farm near Amsterdam, Netherlands September 26, 2017. REUTERS/Yves Herman/File Photo
FILE PHOTO: A power-generating windmill turbine is seen at the Eneco Luchterduinen offshore wind farm near Amsterdam, Netherlands September 26, 2017. REUTERS/Yves Herman/File Photo

Saudi Arabia announced on Wednesday the operation of the first wind turbine to produce electricity in the Kingdom, marking a new era of serious transformation towards alternative and clean renewable energy.

The Saudi Ministry of Energy announced the start of the trial operation of the first turbine in the Dumat Al-Jandal project in Al-Jouf region (northern Saudi Arabia) to exploit wind energy in electricity production.

In a statement, the Saudi Ministry of Energy said that the step comes within the implementation of one of the goals of Vision 2030, represented by the production of 50 percent of the Kingdom’s electricity from renewable sources by 2030.

The Dumat Al-Jandal project in Al-Jouf region is a practical step to exploit wind energy in the production of electricity, and it is the first project in the Kingdom and the largest project of its kind in the Middle East.

The Ministry of Energy had earlier announced awarding the energy project to the alliance led by the French Electricity Company, EDF Energies Nouvelles, and the Abu Dhabi Future Energy Company (Masdar).

Saudi Arabia continues its endeavors towards the global race to adopt and develop work systems with renewable and alternative energy, at a time when it is leading giant projects that are environmentally friendly and enhance sustainability, such as the city of The Line in NEOM, and the Amaala and Red Sea tourism projects - the pillars of the Kingdom’s Vision 2030.

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Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
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Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP

Oil prices dipped on Monday amid a strong US dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week.
Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14.
US West Texas Intermediate crude was down 27 cents, or 0.4%, at $73.69 a barrel after closing on Friday at its highest since Oct. 11, Reuters reported.
Oil posted five-session gains previously with hopes of rising demand following colder weather in the Northern Hemisphere and more fiscal stimulus by China to revitalize its faltering economy.
However, the strength of the dollar is on investor's radar, Priyanka Sachdeva, a senior market analyst at Phillip Nova, wrote in a report on Monday.
The dollar stayed close to a two-year peak on Monday. A stronger dollar makes it more expensive to buy the greenback-priced commodity.
Investors are also awaiting economic news for more clues on the Federal Reserve's rate outlook and energy consumption.
Minutes of the Fed's last meeting are due on Wednesday and the December payrolls report will come on Friday.
There are some future concerns about Iranian and Russian oil shipments as the potential for stronger sanctions on both producers looms.
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said on Sunday.
Goldman Sachs expects Iran's production and exports to fall by the second quarter as a result of expected policy changes and tighter sanctions from the administration of incoming US President Donald Trump.
Output at the OPEC producer could drop by 300,000 barrels per day to 3.25 million bpd by second quarter, they said.
The US oil rig count, an indicator of future output, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday.
Still, the global oil market is clouded by a supply surplus this year as a rise in non-OPEC supplies is projected by analysts to largely offset global demand increase, also with the possibility of more production in the US under Trump.