Saudi Arabia | Egypt Oil & Gas - Part 76
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.
Saudi Petrochemical Profits Fall Below Expected
Saudi Arabia's Yanbu National Petrochemical Co (Yansab) reported a 63% fall in second-quarter net profit on Tuesday but beat analysts' forecasts slightly.
Saudi Fertilizer Profits Fluctuate with Prices
Saudi Arabia Fertilizers Co (SAFCO) posted a 6.7% drop in its second-quarter net profit on Sunday, although the earnings still beat analysts' forecasts.
Looking to Make Moves in the Asia, Russia Signs Oil Deal with India
Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit crude sales.
6-Year Saudi Offshore Contract Awarded to Ezra Holdings
Singapore's Ezra Holdings Limited signed a six year long term agreement (LTA) with one of the world largest national oil company, Saudi Aramco
Saudi Chemicals Joint Venture in 20-Year Contract with Saudi Electricity
Saudi Arabia's Sadara Basic Services said on Tuesday that its parent firm signed a SR14.13 billion ($3.77 billion) deal with Saudi Electricity Company to supply electric power to its chemicals complex in Jubail Indus ...
