Saudi Arabia | Egypt Oil & Gas - Part 83
Aramco’s Credibility Wins it $10Bn Credit Facility Agreement
Saudi Aramco has signed a new $10 billion standby revolving credit facilities agreement as part of the company’s strategy of maintaining financial flexibility.
Speculators Caught Between Energy Glut and Yemen Violence
Speculators were the least bullish on crude in two years before prices surged as Saudi Arabia and its allies bombed rebels in Yemen, threatening supply disruptions in the largest oil-producing region.
Saudi Kayan Ready to Start Hydrocarbon Production Again
Saudi Kayan Petrochemical Co has restarted production at its olefins plant following a near two-month shutdown for maintenance work, the company said on Sunday.
Saudi Stocks Rally After Yemen Air Campaign
Saudi Arabian stocks jumped the most in six weeks, leading a rally across Arab equity markets, after the country’s king pledged to restore stability in Yemen.
Bombing Yemen Could Threaten Red Sea Oil Transit Choke Point, Experts Say
While Yemen contributes less than 0.2% of global oil output, its location puts it near the center of world energy trade.
Oman Has 10% Stake in New Japanese-Saudi Power Plant Deal
Saudi Arabia's ACWA Power IPO-ACWA.SE and Japan's Mitsui & Co said on Monday they had won a contract from Oman's government to build and operate a $630 million, 445 megawatt natural gas-fired power plant
Saudi Minister: Non-OPEC Producers Still Not Cooperating Over Oil Prices
OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday
Saudi OPEC Governor Precludes Return to High Price Era
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
