Saudi Arabia | Egypt Oil & Gas - Part 74
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), reported Trade Arabia. The exhibition opened in Dammam, Saudi Ara...
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, reported Reuters. “The council (of ministers) … stressed the kingdom’s role i...
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, reported Amwal Al-Ghad. Egy...
Saudi Arabia Teetering Closer to Tough Production, Currency Choices
Trade Arabia cited a Bank of America Merrill report, “Global Energy Weekly”, warning Saudi Arabia that the drain on its foreign exchange (FX) reserves could accelerate to $18b per month if Brent crude oil prices avera...
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016, reported Reuters, as the country prepares to sell some crude grades for as little as $30 a barrel. The International Energy Agency (IEA) calculates that Iraq is the world&...
Tarek El-Molla to Attend Bahrain’s APICORP Energy Forum
His Excellency Tarek El-Molla, Minister of Petroleum and Mineral Resources, will attended the Arab Petroleum Investments Corporation’s (APICORP) Energy Forum held today in Bahrain, reported Egypt Oil & Gas. Leadin...
China Helping Saudi Expand Gas Operations
Industry sources told Reuters that China’s Shandong Electric Power Construction Corp (SEPCO) has signed a contract to build a gas compressor station as part of the expansion of Saudi Arabia’s main gas pipe...
Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange
The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform, reported the Omani Oil and Gas Review. The Omani ...
