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
Saudi Arabia | Egypt Oil & Gas - Part 45
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.
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.
