Saudi Arabia | Egypt Oil & Gas - Part 56

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.

Aramco, Pertamina Signed $5b Refinery Deal

Saudi Aramco and PT Pertamina signed a Joint Venture Development Agreement (JVDA) to jointly own, upgrade and operate the Cilacap Refinery in central Java, Indonesia.

Aramco to Launch Wind Power Plant

Saudi Aramco plans to commission its pilot 2.75MW GE wind turbine project in Turaif, the first in the kingdom, in Janurary 2017.

Kuwait to Start Heavy Oil Production by 2018

Kuwait will begin heavy oil production by the end of 2018, with roughly 10,000 to 15,000 b/d at Ratqa refinery.

Saudi PetroRabigh Restarted Ethane Cracker

In a statement to Saudi Arabia's bourse, Tadawul, PetroRabigh said it restarted its ethane cracker after maintenance was completed.

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