Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.
Saudi Arabia | Egypt Oil & Gas - Part 28
Saudi Arabia, Nigeria Plan Cooperation in Oil, Gas
Saudi Arabia and Nigeria plan to draft an agreement for an oil and gas partnership.
Saudi Oil Exports Declines in February
Saudi Arabi's oil exports declined by around 432,000 barrels per day (b/d), reaching 8.44 million b/d in February, down from 8.87 million b/d last January.
Aramco to Acquire Shell’s Stake in SASREF
A deal is reportedly in place between the two oil giants who share the ownership of the refining complex.
Electric Vehicles Do Not Threaten Saudi Oil – Al Falih
Saudi Arabia’s initiative of introducing electric cars into the Kingdom will not threaten the oil industry, according to Energy Minister Khalid Al-Falih.
Saudi Advanced Petrochemical Company Profits Rise 66%
The company recorded an estimated net profit of around $43.19 million during Q1 2019.
Aramco Increases May Light Crude Price
Saudi Aramco has increased the price for its Arab Light Crude to Northwest Europe in May by $1.10 per barrel, up from a discount of $0.80 in April to ICE Brent.
Egypt to Double LNG Exports by End of 2019: El Molla
Egypt plans to double its exports of liquefied natural gas (LNG) by the end of 2019 to reach 2 bcf/d.
Egypt, Saudi Arabia Discuss Oil, Gas Opportunities
El Molla and Al-Falih met on the sidelines of the World Economic Forum on the Middle East and North Africa that is taking place in Jordan on April 6-7.
Saudi Consortium to Build Gas Pipeline in Bulgaria
The consortium was selected because it offers the most economically advantageous tender in the awarding criteria.
