NPCC’s Profit Rises by 27% in 2018
The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) reached around $243 million in 2018, with revenues around $1.4 billion.
Saudi Arabia | Egypt Oil & Gas - Part 29
Saudi’s Consortium Bids to Build Gas Pipeline in Bulgaria
The consortium offered constructing the pipeline by around $1.2 billion by the end of 2020.
OPEC Struggles to Keep Russia Longer in Oil Cuts
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts.
Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
Aramco to Acquire 70% Stake in SABIC
Saudi Aramco, the world’s largest oil producer, is acquiring a 70% stake in Saudi Basic Industries Corp (SABIC) in a $69.1 billion deal that aims to develop Aramco’s downstream growth plans.
EMC Signs a 10-Year Agreement with Jordan’s Arab Potash
The Egyptian company was further awarded a contract to provide and install a natural gas liquefaction line in the Gulf of Aqaba.
Aramco to Reduce its Carbon Footprint
Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals.
Noga, SFD Sign Financing Agreement
Under the agreement, the fund will help achieve economic diversification and development within Bahrain.
Renewable Energy Project to Meet its Deadline: Saudi Energy Minister
After completing the solar plant, it is expected to have a production capacity of around 300 megawatts to meet the energy needs of approximately 45,000 homes in the Al Jawf region.
Saudi Arabia Discovers Gas Fields in Red Sea
Saudi Aramco will carry out feasibility studies to determine the exploration possibilities in this area during the upcoming two years.
