Saudi Arabia | Egypt Oil & Gas - Part 21
PKN Orlen to Increase Oil Imports from Saudi Aramco
PKN Orlen, the Polish oil refiner, announced that it will increase its monthly imports of crude oil from Saudi Aramco to around 400,000 tons, according to Reuters. It is worth noting that Poland has been receiving oil...
SAGIA Inks MoU with China
The Saudi Arabian General Investment Authority (SAGIA) inked a memorandum of understanding (MoU) with China’s Shen Gong New Materials to establish an intelligent electronic manufacturing facility, Mubasher reported, a...
IMF Retracts Saudi Arabia’s Economic Growth Forecast
The international Monetary Fund (IMF) has lowered its forecast for Saudi Arabia’s economic growth to 1.9%, retracting its initial anticipation on the kingdom’s economic growth to increase by 2.2% in 2020, accord...
Saudi IMI, ARO Drilling Sign Two RPAs
Saudi Arabia’s International Maritime Industries (IMI), a joint venture (JV) between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries, signed two rig purchase agreements (RPAs) with ARO Drilling, in addition...
Saudi Aramco Engages in Oil, Gas Expansion Projects
Saudi Aramco pays a great deal of attention to launch five major expansion projects, aiming to boost Saudi Arabia’s crude oil and natural gas output, according to GlobalData. These expansions will include four crude o... Saudi Arabia to Reduce Emissions, Diversify Energy Mix
Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, said that the kingdom is committed to reducing emissions through increasing its investments in renewable resources over the next few years, according to ...
Saudi Aramco’s SAEV Expands to the Asian Market
Saudi Aramco Energy Venture (SAEV), a subsidiary of Saudi Aramco, plans to launch a new fund, according to Mubasher, citing Bloomberg. The new fund has reached around $500 million, according to SAEV CEO, Majid Mufti, ...
Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023
According to the Gas Investments Outlook 2019-2023 released by the Arab Petroleum Investment Corporation (Apicorp), petrochemical investments in the Middle East and North Africa (MENA) region are expected to drop by $...
