Saudi Arabia | Egypt Oil & Gas - Part 64
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries’ (OPEC) oil output is likely to reach its record in July, a Reuters survey found. Supply from OPEC has risen to 33.41mb/d in July from a revised 33.31mb/d in...
Saudi SABIC Records Cost Slump, Low Sales
Acting Chief Executive of Saudi Basic Industries Corp (SABIC), Yousef Abdullah al-Benyan, announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the yea...
Siemens Delivers First Saudi-Made Gas Turbines
German engineering giant Siemens has shipped its first gas turbine manufactured in Saudi Arabia to Integrated Gasification Combined Cycle (IGCC) power plant being developed to power Saudi city of Jazan, Oil Review inf...
Egypt Ratifies Egyptian-Saudi Nuclear Energy Agreement
The Egyptian House of Representatives’ Legislative Committee has ratified a number of agreements in different fields, wrote Daily News Egypt, including the Egyptian-Saudi nuclear energy agreement. The deal was i... 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 constructing a jointly owned petrochemical complex on the US Gulf Coast. The development would potentially be located i...
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, Reuters reported. Tasnee’s ne...
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia’s Rabigh Refining and Petrochemical Co. (PetroRabigh) recorded a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins, reported Reuters. Th...
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, reported The National. The Fadhili gas project, which is expected to re...
