Saudi Arabia | Egypt Oil & Gas - Part 77
Saudi Varying Crude Prices Targeted to Asian Market
Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August on weaker fuel oil cracks, while keeping the price for its flagship light crude little changed
Alstom to Build and Service Saudi National Grid Infrastructure, Training
Alstom Grid, a global leader in the world of power generation, power transmission, has signed a long-term deal with National Grid SA of Saudi Arabia to develop the electricity infrastructure in the kingdom.
Saudi Refineries to Become Cleaner With Time
Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said.
Aramco Trying to Attain Equal Shares to Lukoil in Joint Venture
Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50%,
Negotiations Over Petroleum Derivative Imports with UAE, Kuwait, Saudi
The Egyptian government is currently involved in negotiations with Emirates to sign a new agreement to secure the needs of local market of petroleum derivatives during the second half of the current year
Jeddah Refinery Under Threat of Closure
State oil giant Saudi Aramco is considering whether to close its 90,000 b/d crude oil refinery in Jeddah after several years because of age and environmental concerns
Jobs and GDP Rising in Saudi, UAE Despite Oil Prices
The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded.
Local Borrowing to Fund Saudi Deficit Prompted by Oil Prices, Experts Say
Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF).
