Saudi Arabia | Egypt Oil & Gas - Part 10

ADNOC Distribution to Acquire 20 Service Stations in Saudi Arabia

ADNOC Distribution announced that it has executed two agreements to acquire 20 service stations in Saudi Arabia worth $15.5 million in Saudi Arabia to increase it total network there to 37 stations.

Aramco to Sell More Shares to Reinforce State’s Sovereign Wealth Fund

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.

Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

Saudi Arabia, which is the largest oil exporter in the world, keep its ranking as the first oil supplier for China during 2020, beating Russia .

Aramco, stc Launch Dammam 7 Supercomputer

The companies of Aramco and stc announced the launch of a new supercomputer under the name of Dammam 7 which is one of the top ten most powerful computers in the world

Aramco Seeks a $7.5 B Loan for Pipelines Investors

Saudi Aramco is seeking to a loan costs $7.5 billion for potential investors in its oil pipelines.

ADNOC Acquires 15 Service Stations in Saudi Arabia

ADNOC Distribution announced that it has finalized the implementation of the agreement to acquire 15 service stations in Saudi Arabia at a cost of $10 million, reaffirming its commitment to expand its businesses i ...

Aramco Announces Four Oil, Gas Discoveries

Saudi Aramco has made four new oil and gas discoveries in the Kingdom, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, stated.

Egypt Participates in OAPEC Meeting

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has participated in the Organization of Arab Petroleum Exporting Company (OAPEC) virtual meeting via video conference launched from Kuwait.

Saudi Aramco Completes Issuance of $8 B International Bonds

Saudi Aramco, the world’s largest oil company, has completed the issuance of $8 billion worth of senior international bonds.

Acwa Power Set to Raise $1 B in Sukuk Sale

Acwa Power International, a developer, investor, and operator of a portfolio of power generation, is planning to raise about $1 billion by selling Islamic bonds early next year.

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