Saudi Arabia | Egypt Oil & Gas - Part 56

Aramco to Get Tax Break for IPO

Saudi Arabia will reduce the overall tax rate paid by Aramco to make its 2018 initial public offering more appealing to investors, as it is expected to conduct a public offer of its shares in 2018.

Enel Expands Renewable Projects in MENA

Enel SpA is targeting renewables projects in Saudi Arabia and the United Arab Emirates (UAE) as oil-rich Gulf countries take advantage of the falling cost of solar power.

Saudi Arabia Increased Oil Output Reductions

Saudi Arabia reduced oil production to less than 10mb/d, below its targeted level, and will consider renewing its pledge to cut crude output in six months.

Saudi Arabia Cut Oil Exports to Asia

Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal.

Aramco Awarded Wood Group Engineering Deal

UK's Wood Group has secured a five-year deal to continue providing engineering and project management services to Saudi Arabia's state-owned oil firm Saudi Aramco.

S. Arabia Cut Oil Output by 486,000b/d

Saudi Arabia has cut its crude-oil production by at least 486,000b/d since October, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices.

Saudi Arabia to Boost Oil Revenues by 46%

Saudi Arabia expects oil revenue to jump by 46% next year after a deal between the kingdom and other producers to curb output drove up global prices.

Sadara to Halt Mixed-Feed Cracker in Jubail

Saudi Arabia's Sadara Basic Services, which is fully owned by Sadara Chemical Co, said it would start late December planned maintenance of a mixed-feed cracker at its parent company's petrochemical complex in Jubail.

KSA Led Oil Exports to China, India

China's November crude oil imports from the Kingdom of Saudi Arabia (KSA) jumped 29.19% on a year earlier to 1.15mb/d. Saudi Arabia re-emerged as the top oil supplier to India during November with over 873,000b/d,

NYSE Remains in The Running for Aramco IPO

Saudi Arabia is still considering New York Stock Exchange (NYSE) for a partial public stock listing of state-owned Saudi Aramco.

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