Saudi Arabia | Egypt Oil & Gas - Part 57
Saudi Arabia to Cut Light Crude Prices to Asia
Saudi Arabia, the biggest oil producer within the members of the Organization of Petroleum Exporting Countries (OPEC), mulls cutting its official selling price (OSP) for light crude oil exported to Asia in May, Reuter...
McDermott Launches Graduate Training Program in the Middle East
McDermott Middle East launched a specialized vocational training for students of Saudi Arabia and the United Arab Emirates (UAE). The first group receiving the training is composed by 14 selected students, both in the...
Saudi Aramco Invites China’s Sinopec to Invest in IPO
China Petroleum & Chemical Corp. (Sinopec) said it was invited to invest in Saudi Aramco as part of what could be the world’s biggest initial public offering (IPO), Oil and Gas People informed. Sinopec’s Chairman,...
Saudi Arabia Cut Aramco Income Tax
Saudi Arabian government issued a royal decree to decrease the income tax paid by Saudi Aramco from 85% to be 50% in order to facilitate the company’s initial public shares offering (IPO) that will be process...
Saudi Arabia Cuts Oil Supplies to the US
Oil prices moved higher late March after Saudi Arabia announced the reduction in its exports to the United States (US), Reuters reported. According to the kingdom, Saudi Arabia’s oil exports to the US will decre...
Saudi Arabia Remains as China’s Biggest Oil Supplier
Saudi Arabia maintained its spot as China’s top oil supplier in February 2017, two months into the first OPEC output cuts in almost a decade, despite a near 13% fall in shipments from 2016, Reuters reported. Chi...
Aramco Awards Seismic Survey Extension to Magseis, BGP
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea, ...
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. The news came on the first day of a four-day visit by Saudi King Salman to China, according to Oil Price. One of t...
