Saudi Arabia | Egypt Oil & Gas - Part 67
Saudi Arabia Agrees Petchem Project with China
Saudi Arabia’s giant petrochemical coporation, SABIC, inked a deal with Chinese Shenhua Ningxia Coal Industry Group to build a petrochemical complex in China, Reuters reported. This came as a part of the Saudi k...
Egyptian Cabinet Approves Nuclear Cooperation with Riyadh
The Egyptian cabinet has officially approved cooperation with Saudi Arabia in peaceful usage of nuclear power and on nuclear security, informed Ahram Online. The deal that was primarily signed during Saudi King Salman...
Aramco to Expand Hasbah Sour Gas Field
State oil giant Saudi Aramco has awarded a contract of more than $1b to India’s Larsen & Toubro (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, Reuters reporte...
Non-Opec Producers Cutting Back Oil Output
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance, according to The Telegraph. Non-Opec oil producers are expec...
Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant
Saudi Electricity Co (SEC) –the largest utility company in Saudi Arabia– signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction o...
Aramco’s Huge Marine Complex to Be Ready by 2021
National oil giant Saudi Aramco expects a huge ship repair and shipbuilding complex that it is developing at Ras al-Khair on the Kingdom’s east coast to be fully operational by 2021, Chief Executive Amin Nasser ... Saudi Aramco to Ink a Deal with SABIC
National oil giant Saudi Aramco expects soon to sign a Memorandum of Understanding (MoU) with Saudi Basic Industries for a joint oil-to-chemicals project, Chief Executive Amin, Nasser said, according to Reuters. SABIC... Saudi Aramco Raising Oil Output Ahead IPO
Saudi Arabia’s state oil company, Aramco, is raising output levels to capture more customers as it pushes ahead with Initial Public Offerings (IPOs), Financial Times reported. According to the company’s Ch...
