Saudi Arabia | Egypt Oil & Gas - Part 24

SABIC Not Seeking to Acquire Clariant

Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Clariant chemicals company.

Saudi Arabia to Expand Pipeline as Alternate Export Route

Saudi Arabia plans to increase the capacity of the East-West Pipeline by 40% within two years in order to avoid exporting oil through the Strait of Hormuz.

Saudi Arabia, Kuwait Cooperate to Restore Output in Neutral Zone

Saudi Arabia and Kuwait have discussed resuming crude oil production in jointly operated fields in the Neutral Zone.

Aramco Awards LTHE Marjan Field Contract

Saudi Aramco has awarded L&T Hydrocarbon Engineering (LTHE) another new project in the Marjan Field.

Saudi Steel Pipe Awarded New Contract

Saudi Steel Pipe Company announced that it was awarded a contract for the supply of oil and gas steel pipe.

Saudi PIF Acquires 40% Stake in Aramco-Jacobs JV

Saudi Arabia’s Public Investment Fund (PIF) has bought a 40% stake in Jasara Program Management Company, a joint venture between Saudi Aramco and Jacobs Engineering Group.

Saudi Arabia to Build Solar Panel Factory

The Saudi Industrial Development Fund (SIDF) has signed an agreement with Masdar for the construction of a solar panels factory that will be the largest in the Arab world.

Aramco Considers Cooperation with Lukoil in Uzbekistan

Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan.

China’s CSCEC Seeks Expansion in Gulf Markets

The government of Iraq and the China State Construction Engineering Corporation (CSCEC) see a lot of opportunities for cooperation in oil projects.

Saudi Arabia Raises Gasoline Prices

Gasoline prices in Saudi Arabia witnessed another increase on July 14, and remain subject to changes in global export prices.

Page 24 of 88

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