Saudi Arabia | Egypt Oil & Gas - Part 3
Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack
Saudi Arabia has temporarily shut its East-West oil pipeline after a drone attack, cutting a key route the kingdom has used to bypass shipping disruptions through the Strait of Hormuz, according to Reuters. The 1,200-...
Saudi Petromin to Establish New Company for Lubricants Expansion in Egypt
The Egyptian General Petroleum Corporation (EGPC) and Petromin, a Saudi energy and mobility company, have witnessed the signing of a protocol to establish a specialized company to manage Petromin’s investments and exp...
Indian Refiners, Global Energy Major Halt Use of Iran-Blacklisted Ships
At least three Indian oil refiners and a global energy major plan to stop using vessels placed on Iran’s new blacklist, including for ship-to-ship (STS) transfers, due to security concerns, four sources familiar with ...
Aramco Signs Agreements Worth More Than $3.7 Bn With French Companies
Saudi Aramco, Saudi Arabia’s state-owned energy giant, has signed agreements and a memorandum of understanding (MoU) with French companies with a potential combined value exceeding $3.7 billion, as part of efforts to ...
Saudi Crude Exports Go Dark as Houthi Threat Rises
Saudi Arabia’s crude oil exports from the Red Sea are increasingly being conducted without visible vessel-tracking signals as tankers seek to avoid attacks by Yemen’s Iran-aligned Houthis, creating significant uncerta...
Saudi May Crude Exports Hit Record Low Amid Gulf Tensions
Saudi Arabia’s crude oil exports fell for a third consecutive month in May, reaching a record low, according to data released by the Joint Organizations Data Initiative (JODI) on Tuesday, as the Iran-Israel conflict d...
Middle East Gulf Crude, Condensate Exports Surge
Middle East Gulf crude and condensate exports rose sharply during the first half (H1) of July, reaching their highest level since before the outbreak of the Iran war in late February, supported by a temporary easing o... Saudi Arabia Explores East-West Pipeline Expansion to Bypass Strait of Hormuz
Saudi Arabia is in preliminary discussions to expand the capacity of its East-West crude oil pipeline by up to 2 million barrels per day (bbl/d), according to Reuters. The proposed expansion aims to enable the kingdom...
