Saudi Arabia | Egypt Oil & Gas - Part 68
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.
Iraq to Resume Oil Exports Through Saudi Pipeline
Iraq is seeking to reopen its crude oil pipeline from its southern oilfields through Saudi Arabia to the Red Sea port of Yunbu.
Russia Vies with Saudi in Oil Exports to China
Russia has outrun Saudi Arabia as the largest crude oil supplier to China in November.
India’s Oil Imports on the Rise
India has shipped in 7.2% more oil in November, compared with a year ago, with Saudi Arabia as the top seller, and Iran's imports seeing the lowest level.
Saudi Pledges New Investments, Oil Support for Egypt
Saudi Arabia and Egypt signed an agreement that will renew kingdom's economic support for Cairo via oil assistance and additional $8b worth of investments in the next five years.
Saudi Regime Bracing for Major Economic Reforms
Saudi Arabia's Deputy Crown Prince, Mohammed bin Salman has outlined plans to reshape country's economy to withstand low oil prices.
