Saudi Arabia | Egypt Oil & Gas - Part 6
Cairo, Riyadh Deepen Energy Ties with Focus on Petrochemicals
Minister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, to d...
Subsea7 Awarded Major Offshore Contract for Saudi Aramco Project
Subsea7, a global offshore service provider to oil and gas companies, has been awarded a major contract from Saudi Aramco under a long-term agreement (LTA) to develop offshore facilities in Saudi Arabia (KSA). The con...
Sinopec to Supply Engineering Services to Saudi Arabia’s ACWA Power in Yanbu
China’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of what w...
Saudi Arabia, Syria Boost Energy Cooperation through New MoU
Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, signed a memorandum of understanding (MoU) with Mohammad Al-Bashir, Syria’s Minister of Energy, to expand energy cooperation between the two countri...
Aramco considers Asset Sales to Raise Cash
Saudi state-owned oil major, Aramco, is considering selling up to five gas-fired power plants to raise cash, Reuters reported, quoting three people familiar with the situation. The decision is part of a broader plan t...
Ganope Signs 2D Seismic Survey Project Agreement with Ardiseis
Ganoub El Wadi Petroleum Holding Company’s (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence o...
Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria
Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expected t...
Aramco Completes $5Bn Bonds Issuance
Aramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance. The issuance was carried out in three tranches at the London Stock Exchange, under its Global Medium Ter...
