Saudi Arabia | Egypt Oil & Gas - Part 65
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.
Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output
Saudi Arabia and Russia said they would halt oil production as long as other major producers followed suit. Saudi Arabia, Qatar, Kuwait, and Venezuela, all OPEC members joined them in the production freeze.
Venezuela, Saudi Talks Promise No Oil Supply Cuts
Venezuela and Saudi Arabia held talks about mutual cooperation between OPEC members to stabilize the global oil market currently flooded with a surplus of 2mb/d.
Aramco Purchases $1.12b of Oil Products from South Korea’s S-Oil Corp
South Korea's S-Oil Corp agreed to sell $1.12b of oil products to Saudi Aramco Products Trading Company, an increase compared with 2015.
Israel On Verge of New Offshore Gas Finds
Israel is on the verge of new major gas finds in its territorial waters as an Israeli exploration group led by Isramco Negev and Modiin Energy cited a "best estimate" resource report for two offshore fields, Daniel E ...
Saudi Targets Private Sector Growth, Moving Away from Oil
Saudi Arabia has recently announced ambitious plans to invest in industries including IT, health care, and tourism in an effort to move away from a dependency on oil and boost growth in the private sector.
