Saudi Arabia | Egypt Oil & Gas - Part 53
Saudi Arabia Cuts Oil Supplies to the US
Saudi Arabia's oil exports to the US will decrease by around 300,000b/d during March, and total shipments would remain around March levels in the coming months.
Saudi Arabia Remains as China’s Biggest Oil Supplier
Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, despite a near 13% fall in shipments from 2016.
Aramco Awards Seismic Survey Extension to Magseis, BGP
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea.
Saudi Arabia, China Sign $65b Preliminary Deals
China and Saudi Arabia have signed preliminary deals that could be worth as much as $65b if finalized. One of the preliminary agreements envisages the joint development of downstream and petrochemical projects in China.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Kuwait, KSA to Resume Neutral Zones Production
Kuwait and Saudi Arabia have been in talks over resuming work at neutral oil and gas zone fields that are owned by the two countries. Al-Wafra and Al-Khafji were halted in 2015 due to continuous dispute between them.
Saudi Aramco Announced Initial Public Offering
Saudi Aramco will be publicly listed both in Saudi Kingdom and abroad in the second half of 2018.
Saudi Arabia Aims Barrel Price to Hit $60
Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said. 
