Bahraini Government Links Iran to Pipeline Explosion
The Bahraini government has blamed a pipeline explosion on Iranian-instigated terrorism.
Saudi Arabia | Egypt Oil & Gas - Part 45
Saudi Aramco Inks $4.5B in Deals
The state-run Saudi Aramco signed $4.5 billion in deals with international companies.
Saudi Aramco Plans 10% Increase in Capital Spending
Saudi Aramco plans to increase its capital expenditures by close to 10% next year.
Consideration of Bids for Egypt-Saudi Interconnection Project Postponed
Saudi Arabia and Egypt agreed to postpone the consideration of bids on electricity lines and transmitters for the Egypt-Saudi Arabia Interconnection Project until January.
Crude Prices Hit 2-Year High
Crude oil prices climbed to two-year high earlier this week, rising to levels unseen on the markets since 2015, before receding slightly
Arkad, ABB form Joint Venture
Saudi Arabia’s Arkad is forming a joint venture with Swiss ABB Ltd. in order to extend its operations throughout the Gulf and into North Africa.
Egypt, Saudi Interconnection Project on Track
Domestic political events in Saudi Arabia will not impact the Egypt-Saudi Arabia Interconnection Project.
Saudi Energy Minister: “More Needs to be Done”
Oil producers must do more to reduce the global oversupply of crude oil, the Saudi Energy Minister, Khalid El Falih, said on Saturday.
Saudi Arabia, Kazakhstan Reiterate Importance of Production Cuts
Officials from Saudi Arabia and Kazakhstan noted the importance of ongoing production cuts during a recent meeting in Uzbekistan.
December OSPs Rise
Last week Saudi Arabia and the UAE raised their official selling prices (OSPs) for December.
