Saudi Arabia | Egypt Oil & Gas - Part 45

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.

GE Completes Substation to Connect Egyptian, Saudi Arabian Grids

GE has connected a new 500/220 kilovolt (kV) gas-insulated substation to Egypt’s national grid as part of the Egypt-Saudi Arabia Interconnection Project.

Saudi Aramco, SABIC Explore Options for Petrochemical Production

Saudi Aramco and Saudi Basic Industries Corporation (SABIC) are conducting a feasibility study for a facility to convert crude oil directly into petrochemicals

Refiners Expect Saudi Arabia to Raise Asian Prices

Saudi Arabia is set to raise December crude oil prices for Asian buyers.

Some ME Oil Exporters Could Run Budget Surpluses

With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.

Crown Prince: Saudi Arabia Prepared for Production-Cut Extension

Saudi Arabia is prepared to extend the production-cut arrangement.

Iraqi Crude Exports to US Outstrip Saudi Arabia’s

Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.

Page 45 of 88

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