Saudi Arabia | Egypt Oil & Gas - Part 54
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. Aramco Confirms $7b Deal With Petronas
Saudi Arabia’s state oil company Saudi Aramco will invest $7b and take a 50% stake in select ventures and assets in Malaysia's RAPID project.
Siemens to Provide 5 CHP Turbines to Saudi Arabia
Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia.
Aramco, Petronas to Sign Refinery Agreement
Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project.
