The switch stations in Egypt and Saudi Arabia will be linked by land cables, in addition to a submarine cable of 500KV, which is to cross the Gulf of Aqaba at a length of 16km.
Saudi Aramco is planning to sign energy deals with at least 10 companies during the upcoming visit of the American President, Donald Trump to Saudi Arabia.
Equatorial Guinea has signed a strategic agreement with Saudi Arabia stating that the Gulf country will cooperate with the African country in the construction and financing of the Bioko Oil Terminal tank farm project.
The Egyptian President, Abd El Fattah El Sisi, met with Saudi Arabian King Salman in Riyadh to preserve the security and stability of the Arab states and to combat attempts to drive a wedge between Arab allies.
Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies to bolster prices.