Saudi Arabia | Egypt Oil & Gas - Part 58
Egypt to Proceed with Saudi Power Link
The Egyptian Ministry of Electricity and Renewable Resources is working on establishing power links with Saudi Arabia. He added that such bilateral connectivity with neighboring Arab nations requires stability in the ...
Aramco Halted Oil Cargos Indefinitely
Saudi Arabia’s Aramco has informed Egypt that shipments of oil products expected under a $23b deal would be halted indefinitely.
Aramco Increased Oil Prices to Asia
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
Aramco, Nabros Formed Drilling Partnership
Saudi Aramco signed an agreement to form a new joint venture (JV) in Saudi Arabia to manage and operate onshore drilling rigs with the Anglo Energy company, Nabors.
OPEC, Russia to Discuss Oil Output
The Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member's of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discussi ...
OPEC Agreed on a Production Freeze
OPEC agreed to reduce its oil output to 32.5mb/d from the current production levels of around 33.24mb/d, with global prices of oil jumping by more than 5% in response to the agreement.
Aramco to Invest a $334b by 2025
Saudi Arabia's state-owned oil giant Aramco plans to invest a total of about $334b by 2025 on upstream oil and gas.
Saudi Arabia to Consider Reducing Oil Output
Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.
