Saudi Arabia | Egypt Oil & Gas - Part 75
Saudi Spending Spree Unabated by Oil Prices, Argue Some
There are conflicting reports emerging over the financial state of the kingdom of Saudi Arabia thanks to Brent price of oil sinking to below $50 a barrel.
Saudi Arabia to Aid Egypt’s Petroleum Sector with $1.4bn
Egypt has reached an agreement with Saudi Arabia to receive petroleum aid worth $1.4bn for 3 months.
Oil Price Decline Prompts Saudi OSP Price Rethink in September
Saudi Arabia is expected to raise prices for its crude exports to Asia in September due to a stronger Dubai benchmark
Kuwaiti CEO Hails Saudis in Wake of Khafji Oilfield Dispute
Kuwait minister allegedly held Saudi Arabia responsible for financial losses due to oil field closure
Moves to Compensate Kuwait over Saudi Oilfield Closure
Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future,
UAE May Lead the Way for GCC States over Diesel Reforms
The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright.
$9.1 Mn for Saudi Arabia’s Turkish Energy Acquisition
Saudi Arabia’s energy firm Acwa Power has acquired Turkish energy firm Ventis Enerji for TL25.3 million ($9.1 million), a report said.
The Rise and Decline of SABIC Petrochemicals Profits
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.
