Saudi Arabia | Egypt Oil & Gas - Part 63
Petromin to Invest $28m in Fuel Stations in Egypt
Saudi Arabia’s leading lubricants and automotive services company, Petromin Corporation, stated that it is planning on investing $28m in the Egyptian market, to expand its network of fuel stations and service centers ...
Egypt’s Foreign Reserves Rose to $17.52b
Egypt's net foreign reserves rose to $17.52b at the end of May, up from $17.011b in April, the Central Bank of Egypt (CBE) announced.
Saudi Aramco Sings Oil Supply Deal with Polish PKN
Saudi Aramco announced its entry into the Baltic market after signing a contract with Poland's biggest refiner, PKN Orlen, for Aramco to supply PKN with 50,000bp/d starting in June.
Saudi Arabia Agrees Petchem Project with China
Saudi Arabia's giant petrochemical coporation, SABIC, inked a deal with Chinese Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China.
Egyptian Cabinet Approves Nuclear Cooperation with Riyadh
The Egyptian cabinet has officially approved cooperation with Saudi Arabia in peaceful usage of nuclear power and on nuclear security.
Aramco to Expand Hasbah Sour Gas Field
State oil giant Saudi Aramco has awarded a contract of more than $1b to India's Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field.
Non-Opec Producers Cutting Back Oil Output
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant
Saudi Electricity Co (SEC) signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction of a 2,640MW power plant in Shuqaiq.
