Saudi Arabia | Egypt Oil & Gas - Part 22

Saudi Arabia Creates New Ministry for Industry, Mineral Resources

The Kingdom of Saudi Arabia has established a new ministry for industry and mineral resources.

OPEC Monthly Output Rises for First Time in 2019

The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.

Iraq Discusses Gas, Petrochemical Projects with Saudi Investors

A number of investment opportunities in Iraq’s gas and petrochemicals field have been presented to Saudi investors.

Saudi Petroleum Exports Down to $104.5 B in H1

Saudi Arabia's petroleum export revenues declined by 3.96% Year-on-Year during H1 2019.

Aramco Awards LTHE, EMAS Offshore Deal

Saudi Aramco has awarded a consortium of L&T Hydrocarbon Engineering (LTHE) and EMAS AMC, a Subsea 7 company, a large engineering, procurement, construction and installation (EPCI) project.

Saudi Oil Exports Declines in June by 221,000 B

Saudi Arabia’s oil exports reached 6.721 million barrels per day (b/d) in June, down from 6.942 million b/d in May.

Saudi Aramco Asks Banks for IPO Roles

Saudi Aramco has recently asked major banks to submit proposals for potential roles in its planned initial public offering (IPO).

Sipchem Completes Maintenance at AIC’s Acid Plant

Sahara International Petrochemical Company (Sipchem) completed the periodic maintenance activities for the Acetic Acid Plant of the International Acetate Company (IAC).

Aramco Cuts Arab Light Septrmber Prices for Asian Markets

Saudi Aramco announced that the price of the Arab Light crude to Asian customers has been decreased by $0.75 per barrel for September delivery.

Saudi Oil Exports to China Hit Record Level

Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.

Page 22 of 87

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