Saudi Arabia | Egypt Oil & Gas - Part 30
Aramco Prepares for $100 B IPO
Saudi Aramco, the world’s most profitable company, is once again preparing for its potential initial public offering (IPO), Bloomberg reported. This highly anticipated IPO is a cornerstone of the Saudi Vision 2030 to ...
OPEC+ Extends Oil Output Cut Agreement
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to extend the production cut agreement during their sixth ministerial meeting in Vienna on July 2, according to a pre...
OPEC Extends Production Cuts to March 2020
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to extend oil production cuts until March 2020, during their meeting in Vienna on July 1. Meanwhile, forecasted oil demand growth for 2019 has be...
Aramco, BHGE Sign MoU for Non-Metallic Facility
Saudi Aramco and Baker Hughes, a GE Company (BHGE), signed a memorandum of understanding (MoU) to establish a joint venture (JV) production facility to manufacture non-metallic materials in Saudi Arabia. This agreemen...
SABIC Extends Ar-Razi Partnership Deal for 20 Years
Saudi Basic Industries Corporation (SABIC) announced that it has renewed its partnership agreement with the Japan Saudi Arabia Methanol Company (JSMC) for another 20 years. The agreement concerns the Saudi Methanol Co...
Saudi Arabia, Russia Agree on Extending OPEC+ Deal
Saudi Arabia and Russia have agreed to extend the deal sponsored by the Organization of Petroleum Exporting Countries (OPEC) to cut oil production by another six to nine months, according to Saudi Energy Minister Khal...
Saudi’s Advanced Petrochemicals to Receive New Plant’s Feedstock
Saudi’s Advanced Global Investment Company (AGIC), an affiliate of Advanced Petrochemicals Company, has received the needed approvals from the Saudi Ministry of Energy to get the required feedstock for establishing a ...
Saudi Aramco Signs $6 B MoU for Petchem Projects
Saudi Aramco signed a memorandum of understanding (MoU) with S-Oil, one of South Korea’s top refiners by capacity, to provide technical advice on a $6 billion petrochemical plant, according to Reuters. The MOU took pl...
