Saudi Arabia | Egypt Oil & Gas - Part 77
Despite Downturn, Saudi Arabia Still Bullish on Energy
The Saudi oil minister, Ali al-Naimi, was quoted by Reuters as saying on Friday that his country is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil p...
Yemen Refinery Resumes Operations as Conflict Brews
Yemen’s 150,000 b/d Aden refinery resumed operations after being shut for more than five months, reported Reuters “The refinery is back online and is refining crude it had in storage from before,” a ...
Aramco Buys 50% of Synthetic-Rubber Makers, Leaves Germans in Charge
The world’s largest synthetic-rubber business, Germany’s Lanxess, sold 50% of its business to its new partner Saudi Aramco, said Reuters. The official stated objective from behind this move is to help Lan...
Non-Associated Gas Holds Back Saudi Wasit Project
Saudi Aramco has almost finished the construction of its giant Wasit gas project, reported Gulf Business, but it is currently processing gas from the Karan gas field instead of the offshore fields as originally planne...
New Saudi-Bahrain Land-Sea Pipeline to Cost $300m
Bahrain’s Energy Minister, Abdul-Hussain bin Ali Mirza, announced that Saudi Arabia and Bahrain have signed contracts worth around $300m for a new 350,000 b/d oil pipeline between the two countries, reported Reu...
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran. Bloomberg, in this ...
Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi
According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017. “In consultation with the Ministry of Petroleum, three price options of $42, $4...
Saudi Adamant Over Prices as Crude Demand Returns to OPEC
Sources told Reuters that Saudi Arabia sees no need to hold a summit for oil producing countries’ over oil prices if such discussions would fail to produce any concrete resolution of the outlying issue. The comm...
