Saudi Arabia | Egypt Oil & Gas - Part 15
ADNOC Acquires 15 Service Stations in Saudi Arabia
ADNOC Distribution announced that it has finalized an agreement to acquire 15 service stations in Saudi Arabia at a cost of $10 million, reaffirming its commitment to expand its businesses in the kingdom, according to...
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. The company’s first discovery was of non-conventional oil in Al-Reesh oil f...
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 which was launched from Kuwait under the presidency of ...
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, according to a press release. A total of 40,000 bonds were issued at a value of $200,000 eac...
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, according to Bloomberg. Acwa Power has ...
Saudi Arabia Aims for Hydrogen Market Dominance
The world’s biggest oil exporter, Saudi Arabia, has set its sights on becoming the biggest player in supplying hydrogen to the market, according to Bloomberg. Saudi Arabia’s Energy Minister, Abdulaziz bin Salman, has...
Aramco to Initiate Major Bond Sell-Off
Saudi Aramco, the world’s largest oil company, has kick-started a jumbo bond sale on November 17 to help fund its promised $75 billion dividends, according to Bloomberg. The company is selling a five-part dollar deal...
Iraq, Saudi Keen on Future Energy Projects
Iraq’s Minister of Oil, Ihssan Abdul-Jabar, confirmed that the Kingdom of Saudi Arabia and Iraq are keen to strengthen energy ties with regard to gas and electricity projects, according to Shafaq. This announcement co...
