Saudi Arabia | Egypt Oil & Gas - Part 10
El Molla Participates in the Future Minerals Forum in Saudi Arabia
Minister of Petroleum and Mineral Resources Tarek El Molla has participated in the second edition of the Future Minerals Forum held in Saudi Arabia under the patronage of King Salman bin Abdulaziz. On the sidelines of...
Japan, Saudi Arabia Clean Energy Cooperation MoC
The Saudi Energy Ministry said on Twitter that Saudi Arabia and Japan have signed a memorandum of cooperation (MoC) in the areas of the circular carbon economy, carbon recycling, clean hydrogen, and fuel ammonia, Reut...
Aramco, TotalEnergies Takes FID to Build a Giant Petrochemical Complex in Saudi Arabia
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have made the final investment decision (FID) for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex w...
Aramco Announces $42.4B Net Income in Q3 2022
Aramco announced its Q3 performance for 2022, stating that it has made a $42.4 billion net income in Q3 2022, compared to $30.4 billion in Q3 2021. The company’s Q3 earnings show its ability to add significant v...
Petrojet Actively Participates in SPICONX 2022
As a representative of the Egyptian petroleum sector, Petrojet participated in SPICONX 2022 held in Dammam, Saudi Arabia between the 3rd-6th of October. This participation came in line with the Egyptian strategy to en...
Saudi Arabia May Slash October Crude Prices for Asia
Due to weak demand in the region and rising arbitrage shipments, the world’s top oil exporter Saudi Arabia may lower October prices for the majority of crude grades it delivers to Asia, Reuters reported. Accordi...
Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants
Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported. Russian energy companies and their executives have been sanctioned by many Western nations followin...
OPEC+ Approves Modest Rise in Oil Output
At a time when high oil prices and unstable energy supplies have been exacerbated by Russia’s war on Ukraine, OPEC and its allies decided to slow production growth in September, AP reported. In July and August, ... 
