Saudi Arabia | Egypt Oil & Gas - Part 80
Moves to Compensate Kuwait over Saudi Oilfield Closure
Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future, a local daily reported. Al Rai newspaper based its report on a lea...
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. The UAE said it would raise domestic...
$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 Turkish company is run by Ahmet Münir Gül, the oldest son of former President ...
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. SABIC made a...
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. The firm, a subsidiary of Saudi Basic Industries C...
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. SAFCO, a unit of Saudi Basic Industries Corp (SABIC), one ...
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. Ros...
6-Year Saudi Offshore Contract Awarded to Ezra Holdings
Singapore’s Ezra Holdings Limited (Ezra or the Group), a leading contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced Wednesday that its Subsea Services Divis...
