Saudi Arabia Pumps 12 mmbbl for the First Time
Saudi Arabia exceeded more than 12 million b/d for the first time in the Kingdom’s history.
KSA | Egypt Oil & Gas
Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
Aramco to Acquire 70% Stake in SABIC
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans.
Egypt Agrees on a $750M Seismic Survey
GANOPE agreed with five International Oil Companies (IOC's) six months ago to conduct a $750m seismic survey in the Red Sea
Aramco Aims to Invest Globally in Gas and LNG
Aramco aims to invest globally in production of gas and liquefied natural gas (LNG) after holding its initial public offering.
Oil Jumps as Arab Countries Cut Ties with Qatar
Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar.
UAE: Arab Energy Companies to Inject Investments in Egypt
Two Arab Energy Companies are willing to expand their work in the Egyptian petroleum sector.
Riyadh Mulls Price Hike for Crude to Asia
Saudi Arabia is expected to slightly increase the price of its crude for Asian customers in March in line with a stronger Dubai benchmark price.
OPEC Meets 82% Compliance with Freeze Deal
The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targe ...
