Saudi Arabia, the world’s biggest crude exporter, cut its oil shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom burned more crude at ho...
Head of Russia’s top oil producer Rosneft, Igor Sechin, said that Saudi Arabia, the US, and Russia were the three main players on global oil markets, dismissing again the Organisation of the Petroleum Exporting ...
Iranian Ministry of Petroleum announced that the country’s crude oil exports have doubled since Iranian President, Hassan Rouhani, took office in August 2013, reported SHANA. The country’s crude oil output has c...
The Egyptian-Saudi electricity linkage project’s lines and cables are set to be tendered towards the end of June by the Egyptian Electricity Transmission Company (EETC), reported Daily News Egypt. The EETC Chair...
Saudi Aramco is partnering with General Electric (GE) to install the kingdom’s first wind turbine at the Turaif Bulk Plant, located in the north-west of the kingdom, Trade Arabia reported. The project marks the first ...
Saudi Electricity Co. (SEC) is seeking bids from international developers to build two solar-power plants in Al-Jouf and Rafha in the north of the country, Reuters reported. As much as 50MW of capacity will be develop...
Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet, in a broad bid to shape the Kingdom...
An Egyptian government official has affirmed that the Egyptian-Saudi electricity linkage project is due to be finalized within a few months. The two countries will be able to share electric power of up to 3,000 MW dur...
Saudi Arabia’s leading lubricants and automotive services company, Petromin Corporation, stated that it is planning on investing $28m in the Egyptian market, to expand its network of fuel stations and service centers ...
Egypt’s net foreign reserves rose to $17.52b at the end of May, up from $17.011b in April, the Central Bank of Egypt (CBE) announced, according to Ahram Online. CBE stated that foreign reserves increased by $510...