Saudi Arabia | Egypt Oil & Gas - Part 61
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.
Shell Demands Aramco to Pay $2b in Compensation for JV Breakup
Royal Dutch Shell has asked Saudi Aramco for up to $2b as part of the breakup of their giant Motiva Enterprises refining joint venture (JV) in the United States.
OPEC Output at Record High in June
The Organization of the Petroleum Exporting Countries' (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply.
Egypt’s Parliament Approves Saudi’s Sinai Development Program
In a plenary session that took place in late June, Egypt’s Members of Parliament (MPs) have approved a presidential decree on the King Salman Program for the Development of Sinai, a Saudi-Egyptian loan agreement tha ...
Aramco, Sabic to Cooperate First Time on Oil-to-Chemicals
Sabic has agreed with the Saudi national oil giant Aramco to conduct a joint feasibility study on a proposed oil-to-chemicals project.
Egypt Receives $650m Fuel Shipments from Saudi Arabia
As part of the five-year agreement that Egypt has with Saudi Arabia to contribute in supplying the country’s fuel needs, Egypt has received shipments of petroleum products worth approximately $650m in May and June 20 ... 
