Saudi Arabia | Egypt Oil & Gas - Part 19
Saudi Energy Says Global Oil Cuts to Exceed 19 mmbbl/d
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opined that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges, according to Reuters. OPEC and OPE...
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced on April 12 a record oil deal that will cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through...
Saudi Aramco Cuts Local Fuel Prices
Saudi Aramco has announced a reduction in fuel prices in the Kingdom, the company said in a statement. It mentioned that it provides octane 91 at a price of SR1.31 per liter, which dropped from SR1.55 per liter in the...
US Senators Urge Saudi Arabia to Cut Crude Production
Republican US senators had spoken with the Saudi Energy Minister, Abdulaziz bin Salman; Deputy Defense Minister Khalid bin Salman; and the Saudi ambassador to the United States, Reema bint Bandar bin Sultan to urge cr...
Kuwait Exports First Oil Shipment From The Neural Zone
Kuwait Oil Ministry announced the exporting of the first shipment of oil from joint operations in the neutral zone between Kuwait and Saudi Arabia (Al Khafji), according to a tweet by the ministry. It added that this ... Saudi Arabia Pumps 12 mmbbl for the First Time
Saudi Arabia’s oil production exceeded more than 12 million barrels per day (mmbbl/d) for the first time in the Kingdom’s history, Arab News reported. The previous production record of KSA was 11 million barrels...
Saudi Arabia to Build Two Chemical Production Plants Worth $1.8 Billion
Saudi Arabia’s petrochemical company has agreed with SK Gas Petrochemical to build a propane dehydrogenation and propylene facility in Saudi Arabia for a combined fee of $1.8 billion, Zawya reported. The projects will...
IMI Completes Saudi Rig Revamp
International Maritime Industries (IMI) has completed maintenance, repair and overhaul (MRO) work for an ARO Drilling jack-up rig, Rigzone reports. The ARO-2003 (SAR201) “Baker Marine” design jack-up carried out the M...
