Saudi Arabia | Egypt Oil & Gas - Part 58
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.
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 ...
