Saudi Arabia | Egypt Oil & Gas - Part 74
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.
Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi
According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017.
Saudi Adamant Over Prices as Crude Demand Returns to OPEC
Sources told Reuters that Saudi Arabia sees no need to hold a summit for oil producing countries' over oil prices if such discussions would fail to produce any concrete resolution of the outlying issue.
Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves
Mexico is willing to work with OPEC if the group tries to stabilize crude markets amid a global supply glut and slide in prices, Iran’s Oil Minister Bijan Namdar Zanganeh said
Huawei to Train Saudis in Oil and Gas ICT Solutions
Huawei--a global information and communications technology (ICT) solutions provider--has launched a new Joint Innovation Center (JIC) in Saudi Arabia together with Saudi Aramco and King Fahad University of Petroleum ...
Saudi Solar Bids, Projects Run Up Against Bureaucratic Resistance,
Sources told Reuters that Saudi Arabia's plan to issue bids for its first solar power projects, announced in 2013, has been postponed.
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
