Saudi Arabia | Egypt Oil & Gas - Part 27
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, according to Zawya. Oil shipments fell on a monthly basis as Saudi Arabia maintained its production l... 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), Reuters reported. The requests were reportedly sent to banks a few days day ago for wha...
Sipchem Completes Maintenance at AIC’s Acid Plant
Sahara International Petrochemical Company (Sipchem) announced that it has safely completed the periodic maintenance activities for the Acetic Acid Plant of the International Acetate Company (IAC), an affiliate of Sip...
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, compared with a premium of $1.70 per barrel to the Oman/Dubai crude avera...
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, Bloomberg reported. Last ...
Saudi Aramco Awards NESR $660 MM Contract
National Energy Services Reunited Corporation (NESR) announced that it has been awarded a number of contracts in Saudi Arabia worth a combined $660 million. The contracts awarded by Saudi Aramco to the National Petrol...
Saudi Arabia Renews Commitment to Output Cuts
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets, Reuters reported. During the meeting, Al-Falih pointed out that Saudi Arabia will...
Saudi Arabia’s Oil Production Down 200,000 b/d in July
Saudi Arabia’s oil production fell to 9.6 million barrels per day (b/d) in July and is expected to stay below the 10 million b/d level in the coming months, Reuters reported. The kingdom’s crude output decreased...
