Algeria's OPEC Governor Appointed New GECF Secretary-General

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
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Algeria's OPEC Governor Appointed New GECF Secretary-General

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic

Algeria's OPEC governor Mohamed Hamel has been appointed secretary general of the Gas Exporting Countries Forum (GECF), replacing Russia's Yury Sentyurin, Algerian national news agency APS said on Wednesday, quoting the energy ministry.

Hamel, who became Algeria's OPEC governor in 2015, will step down from his current role at the end of the year, according to a source with direct knowledge of the matter. A replacement is yet to be announced.

The GECF is a grouping of 11 gas producing countries, including Russia, the world's biggest gas exporter set up to increase coordination and strengthen collaboration among its members. The coalition says it represents 70% of proven gas reserves, 44% of its marketed production and 51% of liquefied natural gas exports across the globe.

Hamel previously served as vice president of strategy and planning at state-owned Algerian energy company Sonatrach, Reuters reported.

He was senior adviser to then OPEC secretary general Abdalla Salem El-Badri from 2010 to 2014 and head of energy studies at the organization from 2002-2009.

He also chaired the high level committee of the Algiers Accord which paved the way for the historic Declaration of Cooperation in December 2016, creating an alliance of OPEC and non-OPEC producers led by Russia, known as OPEC+.



SPARK Attracts More Than 60 Investors

 A solar energy project in Saudi Arabia (Asharq Al-Awsat)
 A solar energy project in Saudi Arabia (Asharq Al-Awsat)
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SPARK Attracts More Than 60 Investors

 A solar energy project in Saudi Arabia (Asharq Al-Awsat)
 A solar energy project in Saudi Arabia (Asharq Al-Awsat)

The King Salman Energy Park (SPARK), located in Buqayq in eastern Saudi Arabia, has successfully attracted more than 60 investors, with total investments exceeding $3 billion.
SPARK was developed as an integrated industrial ecosystem aimed at maximizing economic benefits by strengthening the energy sector in the Kingdom and the broader region. It plays a key role in advancing the goals of Vision 2030 by supporting efforts to build a strong, prosperous, and diversified economy.
The city is also positioned as a prime destination for investors seeking growth and success within a global industrial ecosystem founded on excellence and innovation. It is expected to contribute over $6 billion annually to Saudi Arabia’s GDP and create up to 100,000 direct and indirect jobs.
On Sunday, the King Salman Energy Park announced that seven factories are already operational, with an additional 14 under construction.
By the end of last year, SPARK had signed lease agreements with two new investors, in addition to the start of construction on several major projects by existing investors.
These developments are key to SPARK’s continued growth and progress, playing a crucial role in its mission to localize essential products and services within the energy sector’s value chain.
The total value of the lease agreements exceeds SAR 30 million, marking significant investments that will drive sustainable industrial growth in the Kingdom.
As part of these deals, Abdulaziz & Brothers (A&BC), a company specializing in professional safety tools and equipment, will begin producing high-quality personal protective gear for the industrial and construction sectors by establishing its first facility in SPARK.
Meanwhile, Enjaz Al Mustaqbal Industrial Company plans to build a facility to support localization efforts in the heating, ventilation, and air conditioning (HVAC) sector.
SPARK also revealed the start of construction on two major projects with a combined investment of SAR 250 million.
BAS Gulf Industrial Company, a subsidiary of the National Metal Manufacturing and Casting Company (Maadaniyat), plans to expand its operations by the fourth quarter of 2024, focusing on the manufacturing of industrial valves and providing post-sales technical services.
Global software and engineering leader Emerson has also begun construction at SPARK, preparing to launch its advanced technology operations, which are expected to commence by the fourth quarter of 2024.