Saudi Arabia | Egypt Oil & Gas - Part 66
SABIC Unconcerned Over Iran’s Petchem Competition
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals companies, downplayed the possible threat posed to Saudi Arabia's petrochemicals industry from Iran's reentry into the international oil ...
Sadara to Produce Specialty Chemicals for Region
The Sadara Chemical Company (Sadara) in Saudi Arabia said that its chemical complex in Jubail Industrial City II is more than 97% complete.
Saudi Oil Minister: Multilateral Cooperation Will Achieve Oil Stability
The Saudi Oil Minister, Ali al-Naimi, said that oil-market stability would only be achieved through cooperation among major oil producers, but that this would likely take time.
Saudi Kayan Posts $116.3m Losses for First Time
Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in Q4 of 2015, the largest loss Kayan had suffered since it was first listed in 2007.
Saudi Arabia to Invest $109b in 54 GW of Renewable Energy
Saudi Arabia plans to spend $109b to install 54 GW of renewable energy by 2040, aiming to diversify the Kingdom's energy profile and preempt energy demand expected to rise 45% in this period of time.
Riyadh’s Oil Outputs to Impact Global Economy, Not Aramco IPOs
Saudi Arabia’s oil production levels will be far more significant to the global economy than Aramco's plans for the initial public offerings (IPOs) selling shares in its upstream and downstream facilities, according ...
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand ...
Aramco Targets Downstream Sector in Privatization Bid
Saudi Aramco's publicized plans to sell its shares on the open market are expected to target the downstream sector exclusively, according to initial announcements.
