Aramco | Egypt Oil & Gas - Part 16
Egypt, Saudi Arabia Discussed Oil Cooperation
The Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al Falih, to discuss methods of mutual cooperation between the two countries, reported Al Borsa News. The two ministers discus...
Aramco to Invest a $334b by 2025
Saudi Arabia’s state-owned oil giant Aramco plans to invest a total of about $334b by 2025 on infrastructure and projects to maintain oil potentials, reported Reuters. Aramco’s Vice President for Procureme...
Aramco Awarded KAD With Pipeline EPC
The Saudi Arabian oil giant, Aramco, has awarded Saudi KAD four lucrative procurement and construction contracts (EPC) to build pipelines with investments projected at $1.33b, Gulf Business reported. The company will...
Aramco to Reduce Stake in Indonesian Refinery Upgrade
Saudi Arabia’s oil and gas giant, Aramco, has asked to cut its shares in a proposed $5.5b refinery project in Indonesia to 30% from 45%, Reuters reported. With Indonesian state energy company Pertamina likely to...
Saudi Arabia Opens IPOs to Foreign Investors
Saudi Arabia’s Capital Market Authority announced new rules permitting foreign investors to buy shares directly in initial public offerings (IPO). The new policy will take effect at the start of 2017, and could ...
YASREF Appoints Ennpi to Design Exportation Facility
Yanbu Aramco Sinopec Refining (YASREF) assigned Ennpi to completed design work associated with a project aiming to facilitate the exportation of refined fuels to Saudi Arabia’s Aramco. This project comes amid En...
Egypt’s Diesel Reserves to Cover 5 Days of Demand
Egyptian General Petroleum Corporation’s Chairman, Tarek El Hadidi, stated that Egypt has enough diesel stored to cover five days of local demand, with import cargos arriving regularly. He added that Saudi Arabi...
Saudi Maintains Near-Record Crude Output
Saudi Arabia has been reported to continue pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that bo...
