Saudi Arabia | Egypt Oil & Gas - Part 52
President El Sisi Highlighted Egyptian-Saudi Relations
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 Loses Market Share to Iran, Iraq
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.
OPEC Ministers to Meet Russia
The energy ministers of Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.
China’s ZTT to Provide Cables to Saudi Aramco
ZTT will provide 33KV and 15KV cables worth $30m that would be installed at Aramco’s Hasbah II, Marjan & Zuluf, and Safaniya projects.
Kenya Approaches Saudi Arabia for Cheaper Crude Oil
Kenya is discussing it's desire to import crude oil from Saudi Arabia along with its plan to import cheaper crude to be refined locally.
Saudi Arabia Reduces Oil Output
Saudi Arabia reduced its oil production last month to the lowest since the beginning of 2017. The country decreased its output by 111,000b/d in March to 9.9mb/d.
Saudi Arabia Signs New Agreements with China
Saudi Arabian King Salman finished his tour in China during which he signed a number of agreements worth $65b.
Egypt, Saudi Open Tender for Electricity Interconnection Project
The Egyptian Electricity Transmission Company and Saudi Arabia opened the financial and technical tender for the Saudi-Egypt electricity interconnection project. The applicants include Alstom, ABB, and Siemens.
