Saudi Arabia | Egypt Oil & Gas - Part 38
Saudi Arabia Looks to Acquire 30% of Novatek Arctic LNG Project
Saudi Arabia aims to acquire 30% of Russia’s Novatek Arctic LNG project, Saudi Energy Minister Khalid al-Falih told Ekhbariya TV on October 25 (via Reuters). He said it was a “very ambitious project,” and ...
Saipem Remains Committed to Saudi Market
Italian oil services company Saipem expressed its commitment to Saudi Arabia and mentioned its plans to take part in a series of tenders offered by the company, Reuters reported. Chief Executive Stefano Cao said that ...
Saudi Aramco Signs 15 Deals Worth $34 B
Saudi Aramco announced that it has signed 15 preliminary deals and strategic and commercial collaborations worth more than $34 billion, the company said in a press release. The memoranda of understanding (MoU) are all...
Saudi Arabia has ‘No Intention’ of Repeating 1973 Oil Embargo
Saudi Arabian Energy Minister stated that the Kingdom does not plan to impose an oil embargo akin to that of 1973 in response to predictions that it may cut its supply of crude for global markets by 500,000 barrels pe...
Saudi Aramco to Buy Stake in Zhejiang Petrochemical Refinery
Saudi Aramco plans to purchase a stake in a new refinery being built by Zhejiang Petrochemical, Aramco’s senior vice president of downstream, Abdulaziz al-Judaimi, told Reuters on October 18. Aramco expects to s...
Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility, the company announced in a press release. The YST facility contains a t...
OPEC’s 2019 Oil Demand Growth Forecast Falls Again
OPEC has cut its 2019 global oil demand growth forecasts for the third straight month, citing trade disputes and volatile emerging markets, particularly in key consuming countries, Reuters reported. The monthly report...
Saudi Arabia to Cover Iranian India Supply Losses in November
Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November, several sources familiar with the matter told Reuters on October 10. The additional supply indicates a Saudi willingne...
