Aramco | Egypt Oil & Gas - Part 13

Aramco to Get Tax Break for IPO

Saudi Arabia will reduce the overall tax rate paid by Aramco to make its 2018 initial public offering more appealing to investors, as it is expected to conduct a public offer of its shares in 2018.

Aramco’s Shipments Remain Halted

Saudi Aramco did not send January fuel cargos. Thus the 700,000 tons cargo of petroleum derivatives was halted for four consecutive months.

Sino Tharwa Participated in Rig Rentals Tender

Egypt's Sino Tharwa bid in the tender that was launched by Saudi Arabian American Oil Company (ARAMCO) to rent out three drilling rigs.

EGPC to Launch Fuel Tender

Egyptian General Petroleum Corporation (EGPC) is launching a tender to receive 700,000 tons of benzene, diesel and mazut.

Aramco Launched Giant Oil Projects

Saudi Arabia’s King Salman launched a number of giant oil projects, worth a total of about $42.64b, under Aramco’s Oil Supply Planning and Scheduling (OSPAS) Center at Dhahran.

Egypt to Launch Oil Tender

The Egyptian General Petroleum Corporation (EGPC) will launch a new tender in December in order to cover the domestic demand for petroleum products and makeup for halted Saudi Aramco shipments.

Iraq, Jordan to Build Oil, Gas Pipeline

Iraq and Jordan have affirmed their plans to implement a double oil and gas pipeline to transport Iraqi hydrocarbon to the Jordanian port of Aqaba.

Aramco Halted Oil Cargos Indefinitely

Saudi Arabia’s Aramco has informed Egypt that shipments of oil products expected under a $23b deal would be halted indefinitely.

Aramco Increased Oil Prices to Asia

Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.

Egypt Received $1.2b in Oil from Aramco

Since May 2016, Egypt has received oil cargos from Saudi Aramco worth $1.2b. Egypt received 700,000t of petrol every month for the last 4 months.

Page 13 of 21

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