Saudi Arabia | Egypt Oil & Gas - Part 39
Saudi Aramco IPO by Early 2021: Crown Prince
Saudi Aramco’s initial public offering (IPO) will take place by 2021, Crown Prince Mohammed bin Salman has said. “I believe late 2020, early 2021,” he said during an interivew with Bloomberg. “The in...
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week, Reuters reported. Open positions on $100 December 2019 WTI call options have increased 30% in the past seven days to reach ...
Fire at Saudi Petrochemical Plant Kills 1, Injures 11
A fire at a petrochemical plant owned by the Saudi National Petrochemical Industrial Company (NATPET) in the Yanbu province on the Red Sea has killed one worker and injured 11 more, a spokesperson told Al-Ekhbariya TV...
Saudi Arabia, Pakistan in Talks Over Oil Refinery Project
Saudi Arabia proposed a multi-billion dollar oil refinery in the Pakistani port city of Gwadar during high-level diplomatic talks between a Saudi delegation and Pakistani authorities, Arab News reported. “The Saudi de...
Shanahan Awarded Saudi Jazan Gas Project Contract
Ireland-based Shanahan Engineering has been awarded a services contract by Shandong Electric Power Construction Engineering Company (SEPCO-2) for the Jazan Integrated Gasification Combined Cycle (JIGCC) Power Block pr...
Saudi Arabia, Chinese Rongsheng Sign Crude Supply Deal
Saudi Aramco has signed a long-term agreement with Chinese Zhejiang Rongsheng for a supply of crude to the company’s new refinery in eastern China, Reuters reported. Zhejiang Petrochemical, 51% owned by textile giant ...
ACWA Power IPO Delayed: Sources
Saudi Arabia’s ACWA Power has reportedly delayed its plans for an initial public offering (IPO), originally expected for later this year, sources familiar with the matter told Reuters. The Saudi government has been lo...
Saudi Nuclear Program “Fundamental to Energy Sector”: Energy Minister
Saudi Arabia’s nuclear program is fundamental to the development of a sustainable energy sector, Saudi Energy Minister Khalid al-Falih told the International Atomic Energy Agency on September 17, according to Arab New...
