Saudi Arabia | Egypt Oil & Gas - Part 75
IEA says Saudi Arabia, Russia Losing Out to Iraq and Iran
The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least an extra 400,000 b/d to buyers in Asia and Europe when the sanctions are lifted, reported Trade Arabia. Cu...
UAE Key Stabilizer in Future Oil Markets
“The UAE played a key role in the political stability of this region and the UAE will play … a key role in the stability of the market,” the UAE oil minister Suhail al-Mazrouei was quoted by Oil and ...
SABIC Wins Academic Recognition for Programs
A learning initiative, jointly designed by Saudi Basic Industries Corp (Sabic) and US-based Penn State University’s Smeal College of Business, for the benefit of Sabic employees, has been recognised by the Chief Learn...
Australia Invites Saudi Investment in Green Energy
The Australian government has announced its invitation for Saudi Arabia and other oil-rich states to invest in Australian green energy initiatives. The Financial Times quotes Greg Hunt, Australia’s Minister of Environ...
Saudi Arabia Adamant Over Oil Prices, Despite Omani Complaints
Saudi Aramco’s Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016, reported Reuters. “The only thing to do now is...
Oil Prices Slow Down Saudi Oilfield Expansion
Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons, reported the Saudi Daily Record. Saudi Aramco has s...
Saudi Carbon Capture Project to Boost Recovery Rates
Saudi Arabia’s first carbon capture and storage pilot project, located at its Ghawar oilfield, may boost oil recovery rates by 20% points, oil minister Ali al-Naimi said, reported Reuters. “This pilot will...
Saudi to Raise Water Prices amidst Credit Downgradings
Saudi Arabia will raise the price of water for non-residential consumers, a move widely perceived as a sign the government is cutting back an expensive system of subsidies thanks to low oil prices. The rate for indust...
