Saudi Arabia | Egypt Oil & Gas - Part 60
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.
Aramco Eyes $13b Fadhili Gas Plant Online by 2019
State oil giant Saudi Aramco announced it had signed four engineering contracts to build its Fadhili gas processing project worth more than $13b.
Aramco Mulling New Clean Fuels Projects
Saudi oil giant Aramco's CEO, Amin Nasser, stated that Aramco is still studying plans for clean fuels project in line with the country's Saudi Vision 2030 renewables program. Saudi Bahri, APICORP Agree to Launch $1.5b Investment Fund
National Shipping Company of Saudi Arabia (Bahri) said it signed an agreement with the Arab Petroleum Investments Corporation (APICORP) to establish an investment fund worth around $1.5b.
Saudi Electricity Consortium Refinanced $1.82b Debt
A consortium of Saudi Arabia's electricity companies, including Saudi Electricity Company (SEC) and Riyadh-based Acwa Power, had refinanced debt of the Rabigh 1 power project, totaling more than $1.82b.
USA Becomes World’s Largest Oil Reserve
Recoverable oil reserves in the US has currently surpassed those in Saudi Arabia and Russia, making the US the world’s biggest country with oil reserves, according to an evaluation published by a Norway-based indepen ... Saudi Oil Minister: Above $50 Per Barrel Needed to Sustain Investments
Saudi Energy Minister, Khalid Al-Falih, said that an amount of more than $50 per barrel is needed to sustain investments for the global oil sector.
Saudi Arabia to Boost Energy Cooperation with China
Saudi Arabia considers boosting oil and gas cooperation with China, after discussions took place between China’s Vice Premier, and other officials in Beijing. 
