Saudi Arabia | Egypt Oil & Gas - Part 37
Saudi Aramco to Sign 30 Deals at Supplier Conference: Executive
Saudi Aramco will sign 30 deals with local and foreign companies worth about $25 billion during the in-Kingdom Total Value Add (iktva) event, a company executive has said, according to Reuters. The slew of agreements ...
New Saudi Mining Project to Increase Non-Oil GDP by 3%
A new Saudi mining project is expected to increase the country’s gross domestic product (GDP) by $6.4 billion and its non-oil GDP by 3%, Reuters reported. King Salman bin Abdulaziz inaugurated the Waad Al Shamaal mini... Saudi Crude Production Hits Record Highs in Early November
Saudi Arabia’s crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market, Bloomberg reported. Industry sources ...
El Molla Meets with Energy Ministers
Egyptian Petroleum Minister, Tarek El Molla, met with Saudi Energy Minister, Khalid Al-Falih, to discuss global petroleum market updates, Egypt Oil & Gas reports. The meeting was held on the sidelines of the Abu D...
Saudi Aramco IPO will ‘Certainly’ Happen: CEO
Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right, Reuters reported. Saudi Aramco is still in tal...
Saudi Aramco Agrees 2019 Supply Deal with China’s Hengli Petchem
Saudi Aramco has agreed to supply 130,000 barrels per day (b/d) of crude to private Chinese chemical group Hengli Petchem for 2019, Aramco’s second major marketing alliance with a private Chinese refiner, Reuters repo...
OPEC Mulling 1M b/d Oil Output Cut
Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies, two sources close to the discussion told Reuters on November 11. Th...
Saudi Aramco, Sabic to Build Petrochemical Complex in Yanbu
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast, Reuters reporte...
