Saudi Arabia | Egypt Oil & Gas - Part 13
Saudi Aramco to Sell More Assets
Saudi Aramco is aiming to sell more of it business assets in order to provide a US dollar liquidity, according to Economic Times. Saudi Arabia started the stocktaking of its assets in 2020. In April 2021, it raised $1...
Saudi Arabia raises August’s Crude Oil Selling Prices
Saudi Arabia has increased its crude oil official selling prices (OSP) for August, Reuters reported. Accordingly, heavy, medium, and light crude oil intended for Asia will increase $0.8 per barrel – compared to July p...
Baker Hughes, Air Products to Collaborate on Hydrogen Projects
Baker Hughes company announced that it will collaborate with Air products company, a global leader in industrial gases and megaproject development, on developing NEOM carbon-free hydrogen project in Kingdom of Saudi A...
Saudi Aramco Shuts its Subsidiary in Azerbaijan
Saudi Aramco has announced the liquidation of its subsidiary in Azerbaijan, Aramco Overseas Company Azerbaijan without indicating causes of closure, according to NeftegazRU. Aramco Overseas Company Azerbaijan was esta...
OPEC+ to Increase Production in July 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) plan to increase oil production in July 2021, while Saudi Arabia’s energy minister kept the market guessing about whether the group will add sup...
Saipem Wins Three New Onshore Drilling Contracts
Saipem has been awarded extension of two significant onshore drilling contracts in Saudi Arabia for a period of five and ten years, respectively, as well as a new four-year contract in Colombia, according to Saipem’s ...
Saudi to Export Full June Volumes of Crude to Asian Refiners
Kingdom of Saudi Arabia intends to supply full volumes of crude oil to most Asian refineries in June, in a step followed the OPEC members decision to ease supply cuts to buyers in May Reuters reported, citing people ...
ADNOC Distribution Records Net Profit of AED 631 million in Q1
ADNOC Distribution company announced that it’s EBITDA ( Earnings Before Interest, Taxes, Depreciation, and Amortization ) for Q1 2021 is AED 740 million, with net profit of AED 631 million, a press release repor... 
