Saudi Arabia | Egypt Oil & Gas - Part 65
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.
OPEC Chief Calls for Global Cooperation
OPEC Secretary General, Abdullah al-Badri, has called on all oil-producing countries to cooperate in attempts to tackle oil oversupply and remedy global oil price slide, while allowing new investments to pour into th ...
Saudi Launches Energy Research Center, Aramco-Sinopec Refinery
King Salman bin Abdulaziz Al Saud of Saudi Arabia has inaugurated The King Abdullah Petroleum Studies and Research Center (KAPSARC), a non-profit economics and policy research institution dealing with energy-related ...
Riyadh, Beijing Sign 14 MoUs Including Nuclear Reactor Deal
Saudi Arabia signed 14 Memoranda of Understanding (MoUs) with China, including the landmark deal to build a high-temperature coolant gas nuclear reactor, on the first day of Chinese President Xi Jinping’s visit to Ri ...
Kuwait to Resume Operations from Oilfields Shared with Saudi
Kuwait's Emir, Sheikh Sabah al-Ahmed al-Sabah, announced that stalled operations and exports from oil fields run jointly with Saudi Arabia would resume soon.
ACWA Enters Vietnam with $2.2b Coal Power Plant Deal
Saudi Arabia's ACWA Power, in a consortium with South Korea's Taekwang Power Holdings, has signed a $2.2b investment agreement with Vietnam for a 1,200MW thermal power plant.
