Saudi Arabia | Egypt Oil & Gas - Part 74
Saudi Aramco Desperate for Loans
Informed sources, on condition of anonymity, told Reuters that Saudi Aramco is talking to banks about raising a $5b loan to help out a refinery it built in collaboration with China's Sinopec.
Saudi Arabia On Verge of Fuel Subsidy Reforms
A source in the Gulf oil industry told Reuters that Saudi officials were "seriously" thinking about reducing fuel subsidies, if gradually
Saudis Reassured by Obama Over Post-Sanction Iran
A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stabili ...
Oilfield Expansion Projects Delayed in Saudi Arabia
The planned expansion of the Khurais oilfield in Saudi Arabia has reportedly been delayed beyond the original 2017 schedule
Investigators Place Blame of Aramco Expatriate Fire on Short Circuit
The preliminary investigation into Sunday's fire at the Aramco residential complex found that the cause was a short circuit, said Arab News.
Oil Prices and Saudi Boom and Islamic Finance Cycles
Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, according to data released by the country's state statistics department
Aramco Fire Kills 11, Causes Unknown but Under Investigation
A fire at an oil workers' residential compound in Saudi Arabia broke out on Sunday, killing 11 people and injuring over 200 others,
Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure
Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.
