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 Arabia | Egypt Oil & Gas - Part 30
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.
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’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.
