Saudi Arabia | Egypt Oil & Gas - Part 67
Mitsui Consortium Awarded $2.3b Omani Power Plant Project
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
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
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
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 ...
Saudi Companies Project Production Costs Rise in 2016
Saudi Arabia's companies - Tasnee, SABIC, PetroRabigh and Yansab - have announced that their annual production costs would increase in 2016 following the latest government subsidy reforms that led to price hikes of f ...
Riyadh’s 2016 Budget Targets Deficit by Cutting Public Spending
Saudi Arabia has unveiled plans to lower its current budget deficit of $97.9b to $87b in 2016 by making government projects more efficient and cost-effective, cutting public spending by introducing reforms to energy ...
El Molla: Egypt Awarded Tender for Oil Products Supply in January
Egypt has awarded petroleum tenders to a number of companies to supply Egypt with oil products in the month of January, until a five year deal with Saudi Arabia is concluded as expected in early 2016, according to Pe ...
Tunisia, Saudi Arabia Sign Power Plant Agreement
Saudi Arabia and Tunisia signed an agreement for the construction of a power project in Monragia, Tunisia, co-financed by the Islamic Development Bank by some $200m.
