Saudi Arabia | Egypt Oil & Gas - Part 53
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.
Aramco Signs MoUs for Petroleum, Energy Collaboration
Saudi Aramco signed two separate memorandum of understandings (MoUs) with Abu Dhabi National Oil Company (Adnoc) and Masdar. The deals cover oil and gas technology and renewable energy development.
Saudi Arabia to Cut Light Crude Prices to Asia
The official selling price for flagship Arab light crude could be cut by $0.10-$0.40 in May.
McDermott Launches Graduate Training Program in the Middle East
McDermott's two-year course will provide job-coaching from McDermott’s engineering, fabrication, marine, supply chain, commercial, and safety divisions. The training is available for students in Saudia Arabia and UAE.
Saudi Aramco Invites China’s Sinopec to Invest in IPO
China is one of Saudi Arabia’s targets as the kingdom prepares for the IPO by deepening relationships with its most significant oil buyers.
Saudi Arabia Cut Aramco Income Tax
Saudi Arabia issued a royal decree to decrease the income tax paid by Aramco.
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.
