Saudi Arabia | Egypt Oil & Gas - Part 53
Saudi Exports to China Rise in July
Saudi Arabian exports to China rose to nearly 946,000 barrels per day (d/b) during the month of July, a 3.7% increase from June, Bloomberg reports. With the higher exports, Saudi Arabia overtook Angola to become the s...
Saudi Aramco Receives Bids for Gas Plant Upgrades
Several European and Asian engineering companies submitted bids to construct gas booster compressor stations at Saudi Aramco’s Haradh and Hawiyah gas plants, sources told Reuters. Hyundai Development Co Engineering &a...
Saudi Arabia’s Crude Exports Fell in June
Saudi Arabia’s exports of crude oil declined 35,000 barrels per day (b/d) in June 2017 from May 2017, Egypt Oil & Gas reports. In June, Saudi Arabia exported 6.89 million b/d, the lowest amount in 33 months,...
Saudi Arabia’s Oil Revenues Rise
Saudi Arabia’s Ministry of Finance announced that the kingdom’s second-quarter crude-oil revenues climbed 28% from second-quarter revenues in 2016, Egypt Oil & Gas reports. Crude-oil revenues approache...
Saudi Arabia Reportedly Favors NYSE for Saudi Aramco Listing
Saudi Arabia is leaning toward the New York Stock Exchange (NYSE) for its initial public offering (IPO) of Saudi Aramco, Reuters reports. According to Reuters’ sources, Saudi Arabia favors the NYSE despite a more favo...
Iraq, UAE, Kazakhstan Recommit to Oil Cut Deal
Iraq, the UAE, and Kazakhstan, reiterated their support for January’s production-cut agreement between OPEC and other major oil producers, according to a statement released by OPEC, Egypt Oil & Gas reports. ...
Iraqi Oil Minister Visits Saudi Arabia
Iraqi Oil Minister, Jabar El Luaibi, visited Saudi Arabia on August 8th to discuss the oil market and OPEC’s efforts to stabilize prices, Reuters reports. During the visit, he met with the Saudi Oil Minister, Kh...
US Oil Prices Sink Below $50
The US price of crude oil is hovering under $50 per barrel despite this week’s meeting of oil producers in Abu Dhabi to discuss compliance with January’s production-cut agreement, Reuters reports. Increasi...
