Aramco Expands Downstream Investments in China’s Zhejiang FTZ
Saudi Aramco announced that it has signed a Memorandum of Understanding (MoU) with the Zhejiang Free Trade Zone (FTZ).
China | Egypt Oil & Gas - Part 11
Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
Egyptian Students Win Shell’s Imagine the Future Competition
Shell announced that the team representing Zewail City of Science and Technology, Sound Clash, has won “Imagine the Future” international competition.
Saudi Oil Exports to China Hit Highest Level Since 2013
Saudi Arabia has compensated China for the shortage of crude oil supplies due to the US-imposed sanctions on Iran. After Chinese oil importer crude Iranian imports decreased to their lowest level since 2010.
ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum
Abu Dhabi National Oil Company (ADNOC) and China National Offshore Oil Corporation (CNOOC) have signed an agreement for collaboration in liquefied natural gas (LNG), as well as upstream and downstream sectors.
China’s CSCEC Seeks Expansion in Gulf Markets
The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects.
Aramco, Sinopec Ink Deal for Marjan Field Pipelines
Saudi Aramco has signed an agreement with Sinopec Engineering Incorporation for two pipeline projects at the Marjan oilfield.
Iran, CNPC Disagree Over South Pars Field
Iran has denied a request by China National Petroleum Corporation (CNPC) to suspend work on Phase 11 of the South Pars gas project.
Silk Road Fund Acquires 49% Stake in ACWA Power RenewCo
The Chinaese Silk Road Fund has become a leading partner and shareholder in ACWA Power Renewable Energy Holding (ACWA Power RenewCo).
ENOC Obtains $690 M Loan from Chinese Banks
Emirates National Oil Company (ENOC) has secured a loan of around $690 million from China’s top three banks.
