Saudi Arabia to Invest $109b in 54 GW of Renewable Energy

• Wednesday, 13th January 2016
• by Egypt Oil & Gas

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

• Tuesday, 12th January 2016
• by Egypt Oil & Gas

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

• Tuesday, 12th January 2016
• by Egypt Oil & Gas

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

• Monday, 11th January 2016
• by Egypt Oil & Gas

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.

Saudi Arabia Confirms Airports Privatization in Cash Crunch

• Wednesday, 6th January 2016
• by Egypt Oil & Gas

Saudi Arabia’s civil aviation authority announced that it would privatize Jeddah and Dammam airports in Q2 and Q3 of 2017, respectively, in line with previously publicized plans to bolster state finances strained und ...

Egypt Presents Project Proposals for Saudi Investment

• Wednesday, 6th January 2016
• by Egypt Oil & Gas

Egypt has presented proposals and feasibility studies for projects in the energy, housing, agriculture, and tourism sectors to the Saudi Arabian government for examination and possible investment.

Mitsui Consortium Awarded $2.3b Omani Power Plant Project

• Tuesday, 5th January 2016
• by Egypt Oil & Gas

Japan's Mitsui & Co announced that its consortium had been awarded a $2.3b power plant project in Oman, to build 3.15GW gas-fired combined cycle power generation units for Ibri and Sohar-3 projects.

Egypt, Saudi Arabia Reach Financing Agreements for Development

• Tuesday, 5th January 2016
• by Egypt Oil & Gas

Egypt and Saudi Arabia have come to terms on a number of loans for investment and development projects in Egypt, that Riyadh has pledged to Cairo since March 2015.

Oil Prices Surge Temporarily as Saudi-Iranian Tensions Mount

• Monday, 4th January 2016
• by Egypt Oil & Gas

Oil prices rose by more than 3% today in response to the crisis brewing between Iran and Saudi Arabia following the Saudi execution of a prominent Shiite cleric, Sheikh Nimr Baqir al-Nimr.

Egypt and Saudi Arabia to Meet January 5 to Discuss Investments

• Sunday, 3rd January 2016
• by Egypt Oil & Gas

Egypt and Saudi Arabia will meet again on January 5th, as a part of the Egyptian-Saudi Coordination Committee, to discuss the details of $8b investments announced by King Salman Abdel Aziz in mid-December. The Saudi ...