Saudi Arabia | Egypt Oil & Gas - Part 63
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.
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 ...
