Saudi Arabia | Egypt Oil & Gas - Part 20
Aramco Seals Rights to Majority Stake in SABIC
Saudi Arabia’s Aramco has secured unconditional clearance from the European Commission to obtain a majority stake in SABIC, Reuters reported. This clearance symbolizes the last major hurdle that the Saudi Arabian comp...
Aramco to Launch Shale Gas Development outside US
Saudi Aramco is going to launch the biggest shale gas development outside of the US, Aramco CEO Amin Nasser told Reuters. Aramco’s shale gas development initiative aims to increase its domestic gas supply and en...
Saudi Aramco to Invest $110 B in Al-Jafoura Field
Saudi Aramco plans to invest $110 billion in developing unconventional gas reserves in Al-Jafoura field, as reported by the Saudi Press Agency (SPA). The field is considered the largest non-conventional and non-associ...
Saudi Arabia’s Crude Exports Stand at 7.37 mmbbl/d
Saudi Arabia’s crude exports stood at 7.373 million barrels per day (mmbbl/d) in December 2019, according to Reuters. The kingdom’s crude production declined to 9.594 mmbbl/d in December, in comparison to 9.890 ...
Saudi Aramco, APC Ink New Deal
Arabian Pipes Company (APC) inks a new deal with Saudi Aramco to supply steel pipes, according to Mubasher. The contract timeline is set for 11 months, with a value cost estimated at approximately SAR 160m ($42.6m). A...
China’s Saudi Oil Imports Rise 47%
China’s oil imports from Saudi Arabia rose by 47% in 2019, according to customs data citing Reuters. According to data from the General Administration of Customs, the China-Saudi imports reached a total of 1.67 millio... Saudi Aramco, Samsung Ink Gas Deal
Samsung Engineering inked a $1.85-billion-deal with Saudi Arabia on a gas project, according to Arabian Business. The project is known as Aramco Hawiyah Unayzah Gas Reservoir Storage (HUGRS), located 260 kilometers (k...
OPEC to Extend Production Cuts Until Year- End
The Organization of the Petroleum Exporting Countries (OPEC) could extend its oil production cuts until the end of 2020, an OPEC source told TASS, the Russian News Agency, according to Oil Price. It is worth mentionin... 
