Saudi Arabia | Egypt Oil & Gas - Part 60
Saudi SABIC Records Cost Slump, Low Sales
Acting Chief Executive of Saudi Basic Industries Corp (SABIC) announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the year.
Siemens Delivers First Saudi-Made Gas Turbines
Technology major Siemens has delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan, Saudi Arabia.
Egypt Ratifies Egyptian-Saudi Nuclear Energy Agreement
The House of Representatives Legislative Committee has ratified a number of agreements in different fields, among these agreements, was the the Egyptian-Saudi nuclear energy agreement that was inked in Early-April 2016. Saudi SABIC, Exxon Seek to Build Petchem Complex in the US
An US Exxon Mobil affiliate and Saudi Basic Industries Corporation announced they are considering a jointly owned petrochemical complex on the US Gulf Coast.
Saudi Tasnee Records $27.7m Profit in Q2
Saudi Arabia's National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts' forecasts, bringing a run of five straight losses to an end.
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. 
