Saudi Arabia | Egypt Oil & Gas - Part 69
Saudi Aramco Invests in Local Chain Supply
Saudi Aramco has announced its plan to double the amount of local sources used in its supply chain to 70 %, and thus increase its overall direct domestic investments worth $300b by 2021.
Saudi Arabia Joins ‘Mission Innovation’, Boosting Green Energy Investments
Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali Ibrahim Al-Naimi, has joined more than 20 world leaders at the Paris Climate Change Conference to announce a launch of a global initiative 'Mission Inno ...
Iran Encourages Mining Sector Investments
Iran is opening up $29b worth of mining projects to foreign investors promising to generate more revenue than crude.
Aramco Planning Supply Chain Forum for Saudi Energy Sector
Saudi Aramco announced that it will host a one-day invitation-only forum for key suppliers on December 1, 2015 in Dammam, Saudi Arabia.
3M Showcases Customer Experience with Products at Saudi Exhibition
3M Saudi Arabia, a science-based multinational company, announced its participation at the Saudi Arabia International Oil & Gas Exhibition (Saoge).
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia's cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
Kuwait Fund to Finance Egypt-Saudi Power Grid
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth $98.7m to finance the power grid project between Egypt and Saudi Arabia.
Saudi Arabia Teetering Closer to Tough Production, Currency Choices
Bank of America Merrill report “Global Energy Weekly” warned Saudi Arabia that the drain on its foreign exchange (FX) reserves could accelerate to $18b per month if Brent crude oil prices average $30 per barrel.
