Saudi Arabia | Egypt Oil & Gas - Part 48
Saudi Arabia Pushes to Extend Cuts 9 Months but Doubts Linger
Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the end of 2018, Reuters reports. “The Saudis are lobbying to have a decision in November for nine m...
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia, Reuters reports. Iran’s national oil company, the National Iranian Oil Company (NIOC), lowered its December prices ...
Saudi Aramco Closes Jeddah Refinery
Saudi Aramco has closed its refinery in Jeddah, Reuters reports. The refinery, which had been in operation since 1967, produced liquefied petroleum gas (LPG), gasoline, diesel, jet fuel, naphtha, and asphalt, accordin...
Saudi Aramco in Talks with Egypt to Refine Saudi Crude
Saudi Aramco is considering exporting crude oil to Egypt for refining, Reuters reports. Negotiations between Egypt and the Saudi energy giant for the refining of Saudi crude in Egypt have already begun, the Minister o...
Aramco CEO: Saudi Aramco to Spend $300B on Upstream Projects
Saudi Aramco is looking to spend approximately $300 billion over the next ten years to expand its upstream operations, the company’s CEO, Amin Nasser, said at the Abu Dhabi International Petroleum Exhibition and Confe...
Houthis Threaten Oil Tankers of “Aggressor” Nations
Yemen’s Houthi rebels once again threatened oil tankers passing along Yemen’s strategic western coast, Al Arabiya reports. “The battleships and oil tankers of the aggression and their movements will not be safe from t...
Bahraini Government Links Iran to Pipeline Explosion
The Bahraini government has blamed a pipeline explosion on Iranian-instigated terrorism, Reuters reports. “The incident was an act of sabotage and a dangerous act of terrorism aimed at harming the higher interest of t...
Saudi Aramco Inks $4.5B in Deals
The state-run Saudi Aramco signed $4.5 billion in deals with international companies, Reuters reports. The agreements are with companies from China, Europe, the UAE, and the US, according to according to Reuters, and ...
