Egypt, Saudi Interconnection Project on Track
Domestic political events in Saudi Arabia will not impact the Egypt-Saudi Arabia Interconnection Project.
Domestic political events in Saudi Arabia will not impact the Egypt-Saudi Arabia Interconnection Project.
Oil producers must do more to reduce the global oversupply of crude oil, the Saudi Energy Minister, Khalid El Falih, said on Saturday.
Officials from Saudi Arabia and Kazakhstan noted the importance of ongoing production cuts during a recent meeting in Uzbekistan.
Last week Saudi Arabia and the UAE raised their official selling prices (OSPs) for December.
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 and Saudi Basic Industries Corporation (SABIC) are conducting a feasibility study for a facility to convert crude oil directly into petrochemicals
Saudi Arabia is set to raise December crude oil prices for Asian buyers.
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
Saudi Arabia is prepared to extend the production-cut arrangement.
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.