Saudi Arabia | Egypt Oil & Gas - Part 51
Saudi Aramco Cuts Asian Allocations
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia, sources told Reuters. Earlier this week, Saudi Arabia announced that it would cut exports of crude oi...
New Oil Pipeline to Link Saudi Arabia and Bahrain in 2018
The construction of an new oil pipeline connecting Saudi Arabia and Bahrain will be completed in 2018, the Bahraini Oil Minister, Sheikh Mohammed bin Khalifa El Khalifa, told Reuters. The pipeline will have the capaci...
Saudi Arabia to Cut Exports by 560K b/d in November
Saudi Arabia will cut crude shipments by 560,000 barrels per day (b/d) in November, Bloomberg reports. The country will export 7.15 million b/d in November despite global demand in excess of 7.7 million b/d, according...
Iraqi, Iranian Exports Rise in September
Both Iraq and Iran increased their crude oil exports in September, Bloomberg reports. Iraq’s exports of crude rose to 3.98 million barrels per day (b/d), the highest they’ve been since the implementation of the produc...
Saudi Aramco to Begin Trading Non-Saudi Crude
Looking to expand its operations, Saudi Aramco plans to begin trading non-Saudi crude oil, Reuters reports. Buying and selling crude oil on the international market will increase the company’s efficiency and profits, ...
Saudi Aramco’s Shale-Production Facilities Nearing Completion
Saudi Aramco will soon finish the shale-production facilities it is building in northern Saudi Arabia, industry sources told Zawya. The system is in its “final stages” and is nearing “mechanical completion,” according...
Saudi Aramco: IPO on Track for 2018
The initial public offering (IPO) for Saudi Aramco remains scheduled for 2018, the Saudi Arabian Minister of Finance, Mohammed El Jadaan, told investors, Reuters reports. Earlier reports had indicated that Saudi Arabi...
Saudi Arabia is Considering Cutting Gasoline Subsidy
Saudi Arabia might eliminate its gasoline and jet fuel subsidies in November, a source told Bloomberg. Other energy subsidies would remain in place until 2018, according to the source. Subsidies on other fuels would b...
