Saudi Arabia | Egypt Oil & Gas - Part 72
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...
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 s...
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, Petroleum Minist...
Tunisia, Saudi Arabia Sign Power Plant Agreement
The Saudi Fund for Development and the Tunisian Ministry of Development, Investment, and International Cooperation have reached an agreement to finance the construction of a power station in Monragia, Tunisia, reporte...
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, Zawya wrote. Iraqi Oil Minister, Adel Abdul Mahdi told Iraqi daily, Al Sabah that the pla...
Russia Vies with Saudi in Oil Exports to China
Russia has outrun Saudi Arabia as the largest crude oil supplier to China in November, reported Reuters. According to the General Customs Administration, China imported 949,925 b/d of Russian crude in November, while ...
India’s Oil Imports on the Rise
India has shipped in 7.2% more oil in November, compared with a year ago, according to statistics cited by Hellenic Shipping News. According to reports, Iran’s share in the India’s overall imports declined to it... 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, Ahram Online reports. The agreem...
