Saudi Arabia | Egypt Oil & Gas - Part 46
Aramco: $20 Trillion Needed for Global Petroleum Sector
The global oil and gas sector needs over $20 trillion investments through the coming 25 years in order to achieve the forecasted demand growth and to compensate for the developed fields’ natural decline, said Amin Nas...
Saudi Aramco to Supply China’s Huajin with 12 M Oil Barrels
Saudi Aramco has approved providing 12 million barrels of crude oil to China’s Huajin Chemical Industries Group Corporation based on an annual deal, Reuters reported. The deal is the second sealed between Aramco and H...
Saudi Arabia, Russia Increase Energy Cooperation
Saudi Arabia and Russia are continuing to strengthen their relations in the energy sector, according to a report published by Oil Price. The report reveals that Russia has offered to support Saudi Crown Prince Mohamme...
Aramco Signs Chemical Technology Agreement
Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business, Reuters reported. The Joint D...
Aramco Seeks Cheap Loans ahead of IPO
Saudi Aramco is seeking to raise billions of dollars through cheap bank loans in order encourage strong ties with banks before its stock listing, banking sources and sources at Export Credit Agency (ECA) told Reuters....
Aramco Turns into a Joint-Stock Company
Saudi Arabia has converted its giant Aramco into a joint-stock company right before its initial public offering (IPO) planned for later 2018, Reuters reported. The company’s conversion, which was announced in a cabine...
Saudi Arabia Increases Gasoline Prices
Saudi Arabia announced increasing local gasoline prices on the January 1st, 2018, in order to reach a more efficient energy use, Reuters reported. The initiative comes along with an ambitious reform plan, which aims a...
Saudi Fiscal Plan Projects Higher Oil Revenues
In a six-year plan to balance the government’s budget, Saudi Arabia predicts that oil prices will rise to $75 per barrel by 2023, Bloomberg reports. Under the plan, oil revenues are projected to rise to 801. 4 billion...
