Aramco Red Sea Reversal

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

Saudi Aramco has slowed down Red Sea drilling activities as low crude oil prices make deepwater exploration less commercially attractive. The cost of offshore operations amounts to $1.0 million according to sources sp...

Aramco and Sinopec Refinery Loading Second Cargo

• Thursday, 29th January 2015
• by Egypt Oil & Gas

A new joint-venture refinery in Saudi Arabia will load its second diesel cargo and started gasoline production earlier this week, a source close to the company, Yanbu Aramco Sinopec Refining Co (Yasref), said. The 400...

Aramco: Oil Price ‘Too Low’

• Wednesday, 28th January 2015
• by Egypt Oil & Gas

World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said on Tuesday, stressing it was for the market not OPEC producers to shore them up. “It’s too low for everybody,” Khalid A...

Saudi Aramco Boosting Gas Production

• Monday, 26th January 2015
• by Egypt Oil & Gas

Saudi Arabian Oil Co. plans to start natural gas production at a field near Jordan next year as the world’s biggest crude exporter is “investing big in gas,” CEO Khalid Al-Falih said. “Results are extremely encouragin...