Saudi Arabia | Egypt Oil & Gas - Part 64
Saudi Fund May Raise $106b From Aramco Stake Sale
Saudi Arabia’s sovereign wealth fund could receive $106b in cash from the sale to the public of a 5% stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute.
Saudi Arabia, India Seek Boosting Energy Cooperation
Saudi Arabia and India have vowed to substantially boost investments and their trade ties as Prime Minister Narendra Modi invited cash-rich Saudi firms to invest in infrastructure and form joint ventures for oil expl ...
Riyadh Bans Iranian Crude Vessels Entering Saudi Waters
The Financial Times (FT) reported that Saudi Arabia has taken steps to slow Iran’s efforts at increasing oil exports, banning vessels that transport Iranian crude from entering their waters, according to traders and ...
Egypt Signs Five-Year Oil Deal With Riyadh
Egypt signed an agreement with Saudi Arabia, under which the North African nation will meet its needs of oil products for five years, according to the Egyptian International Cooperation Ministry. Riyadh Cuts Energy, Construction Contracts Spending
Saudi Arabia has ordered its ministries to reduce spending on contracts included in the 2016 state budget by at least 5 % to outbalance Kingdom's declined revenues over global oil prices drop.
Saudi Oil Supplies to Egypt to Increase in New Deal
Saudi Arabia is expected to provide Egypt's oil needs for a five-year period, which will increase the quantity of imported oil from 500,000 to 700,000 tons per year.
Iran Offers Discounted Prices of Crude to Europe
Iran has revealed its oil prices to European buyers for the first time since sanctions were lifted against the Middle East country. Iran Heavy, one of the country’s main export grades, will cost $1.25 a barrel, which ...
Iran Plans to Scale up Oil Production by 700,000b/d
Iran plans to scale up its oil production by 700,000b/d in the near future, according to the Iranian Deputy Oil Minister, Rokneddin Javadi.
