Saudi Arabia | Egypt Oil & Gas - Part 58
Arabian Drilling to Buy Dalma Energy
Saudi Arabia's Arabian Drilling Company (ADC) has shown interest in purchasing Dalma Energy, in a deal which could value the land rig operator at more than $500m.
Saudi, China to Invest $4b in Petchem Project
Saudi Basic Industries Corp (SABIC) expects the company's greenfield petrochemical complex in Ningxia Hui Region of China to cost $3-4b and be finalized by 2020.
Saudi Arabia Signed 15 Agreements with China
Saudi Arabia signed 15 preliminary agreements with China, late August, upon Deputy Crown Prince, Mohammed bin Salman's visit and meeting with China's Vice Premier, Zhang Gaoli.
Yemeni Forces Attacked Aramco Facility
Yemeni forces fired ballistic missiles at the facilities of the Saudi state oil giant, Aramco, in the southwest of Saudi Arabia and Abha airport in Assir province in retaliation to Saudi attacks on a southwestern pro ...
Saudi Arabia to Expand Energy Talks with China, Japan
A number of Saudi ministers delegated to discuss collaborations with China and Japan in the energy sector.
Aramco to Reduce Stake in Indonesian Refinery Upgrade
Saudi Arabia's oil and gas giant, Aramco, has asked to cut its shares in a proposed $5.5b refinery project in Indonesia to 30% from 45%.
Saudi Arabia Opens IPOs to Foreign Investors
Saudi Arabia's Capital Market Authority (CMA) announced new rules permitting foreign investors to buy shares directly in initial public offerings (IPO). The new policy will take effect at the start of 2017.
Russia,Saudi Arabia Talk Oil Market Stability
Russia is consulting with Saudi Arabia and other producers to achieve oil market stability, opening the door to further discussions on output freeze.
