Saudi Arabia | Egypt Oil & Gas - Part 77
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).
Saudi Refineries Eat Away at Crude Export Figures
Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed.
Launch of Saudi-Russian Cooperation on Nuclear Power
Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said.
Saudi Downstream Team Hosted at Achema Forum
Leading industry experts discussed the potential of Saudi Arabia's petrochemical sector at Achema, a leading global exhibition on chemical engineering, environmental protection and biotechnology, being held at Frankfurt.
Saudi, UAE to Switch from Importing to Exporting Motor Fuel
Middle Eastern oil producers Saudi Arabia and the United Arab Emirates will sharply cut or even halt costly gasoline imports next year after ramping up new refining capacities that put them a step closer to becoming ...
Saudi Equity Market to Pull Away Investments from Oil Nations
Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia.
