Saudi Arabia | Egypt Oil & Gas - Part 33
Saudi Advanced Petrochemical Company Profits Rise 66%
Saudi Arabia’s Advanced Petrochemical Company announced a 65.98% increase in estimated net profits during Q1 2019 to around $43.19 million, Zawya reported. The year-on-year (YoY) rise in earnings is “mainly due to the...
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, Reuters reported. Aramco has increased the May price for...
Egypt to Double LNG Exports by End of 2019: El Molla
Egypt plans to double its liquefied natural gas (LNG) export capacity by the end of 2019 to reach 2 billion cubic feet per day (bcf/d). The country further plans to cooperate with Saudi Arabia to explore hydrocarbon r...
Egypt, Saudi Arabia Discuss Oil, Gas Opportunities
Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al-Falih, to discuss oil and gas opportunities in the Red Sea and the cooperation between the two countries, Egypt Oil & Gas r...
Saudi Consortium to Build Gas Pipeline in Bulgaria
A Saudi Consortium comprising Arkad Engineering and a Milan-based Arkad-ABB joint venture has won the tender to build a gas pipeline in Bulgaria, according to state network operator Bulgartransgaz, Reuters reported. T...
NPCC’s Profit Rises by 27% in 2018
Abu Dhabi’s oil and gas service contractor, National Petroleum Construction Company (NPCC), increased its profits by around 27% during 2018, which is mainly achieved by Saudi businesses, according to Ahmed Al-Dhaheri,... Saudi’s Consortium Bids to Build Gas Pipeline in Bulgaria
A Saudi consortium comprising Arkad Engineering and a Milan-based Arkad-ABB joint venture has offered the lowest bid to build a pipeline in Bulgaria, Reuters reported. The consortium offered constructing the pipeline ...
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, sources familiar with the topic said, Reuters reported. Moscow has respo...
