Saudi Arabia | Egypt Oil & Gas - Part 83

Saudi: Falling Demand for Oil is Chief Concern

The world’s largest exporter has chosen not to cut production, counting instead on lower prices to stimulate consumption, said Mohammad Al Sabban

Saudi and Venezuela Work Together to Recover Falling Oil Prices

Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco To ...

Saudis Seen Giving Asia Smaller Oil Discounts on Signs of Demand

Saudi Arabia will probably offer smaller discounts to ship crude to Asia amid speculation demand will increase after benchmark prices dropped almost 50 percent last year.

Iran says Saudi Arabia should move to curb oil price fall

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Russia Lukoil Eyes Gas Production in Saudi Arabia in 2014

Russia's No.2 oil producer Lukoil plans to start natural gas production in Saudi Arabia next year, the company's vice president Leonid Fedun said on Friday.

Iran to develop biggest joint oil field with Saudi Arabia

The National Iranian Oil Company (NIOC) has started developing Iran's biggest offshore oil field in the Persian Gulf which is shared with Saudi Arabia.

Saudi maneuver to contain Iran oil market threat

Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program.

Foster Wheeler Awarded EPCm Contract for Propylene Oxide Unit in Saudi Arabia

Foster Wheeler AG announced that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management contract by Aramco Overseas Company B.V. , a su ...

Technip awarded contract for a Gas and Condensate Export System project in Saudi Arabia and Kuwait

Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project.

Saudi energy investment at $141b in 5 years biggest in MENA region

Saudi Arabia remained the dominant energy investor in the Middle East and North Africa (MENA) region, with an estimated $141 billion during 2012-2016, data from the Dammam-based Arab Petroleum Investment Corporation ...

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