KSA | Egypt Oil & Gas
Aramco to Issue $10 B Bonds
Saudi Aramco is preparing a $10 billion bond issuance in early April 2019, CNBC reported, citing the Wall Street Journal. For the world largest oil firm, the move is seen as an indicator of how well the company operat...
Aramco to Acquire 70% Stake in SABIC
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in the Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans, Reuters reported. R...
Egypt Agrees on a $750M Seismic Survey
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s) six months ago t...
Aramco Aims to Invest Globally in Gas and LNG
the Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, stated that Saudi Aramco aims to invest globally in production of gas and liquefied natural gas (LNG) after holding its initial public off...
Oil Jumps as Arab Countries Cut Ties with Qatar
Oil jumps by 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar, Market Plus informed. While the diplomatic spat hasn’t affected shipments, it raises ...
UAE: Arab Energy Companies to Inject Investments in Egypt
Two Arab Energy Companies are willing to expand their work in the Egyptian petroleum sector, Al Borsa informed. UAE’s Safwan Company devoted $2m for initial investments in the Egyptian oil market. The company...
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, Reuters reported. The March official selling price (OSP) for flagship Ar...
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 ...
