Egypt and Palestine signed a memorandum of understanding (MoU) between the partners of the Gaza gas field; the Palestine Investment Fund (PIF), the Consolidated Contractors Company (CCC), and the Egyptian Natural Gas Holding Company (EGAS) to develop the Gaza gas field and the necessary infrastructure.

Saudi Arabia Ruler, Prince Mohamed bin Salman, announce, that the state-owned Aramco Company will sell more shares as apart of its plan to reinforce the kingdom’s Sovereign Wealth Fund.

The Governor of the Saudi Public Investment Fund (PIF), Yasir Al-Rumayyan, has been appointed as the new Chairman of Saudi Aramco.

Saudi Arabia’s Public Investment Fund (PIF) has bought a 40% stake in Jasara Program Management Company, a joint venture between Saudi Aramco and Jacobs Engineering Group.

Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan.