Saudi Arabia | Egypt Oil & Gas - Part 83
Oil Price Slump Strains Saudi Finances
The latest monthly statistical data from Saudi Arabia Monetary Agency (SAMA) show the cumulative year-to-date drop in its net foreign assets has reached a large $45.9 billion (Dh168.6 billion) at the end of April this...
Nuclear Reactors to be Delivered to UAE as Regional Competition Heats Up
The UAE’s nuclear energy projects, developed by Emirates Nuclear Energy Company (Enec), are making progress, with the reactors expected to be delivered on time, said Jeffrey Benjamin, senior vice-president of nuclear ...
Faulty Pipes Responsible for PetroRabigh Plant Shutdown
Saudi Arabia’s PetroRabigh shut down a hydrogen-producing facility on May 29 due to faulty pipes, the company said on Sunday. PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, said it is a...
Aramco to Use Asian Talent in Global Refining Contest
Saudi Arabia’s state oil firm is on a hiring spree in South Korea, as the world’s top crude exporter seeks engineers to run plants in its soaring refining sector – setting it on course to compete wit...
Wafra Field to Remain Shut Down Till Further Notice
An jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate there are resolved, a spokeswoman for U.S. oil major Chevron said on Wednesday. The Wafra field was s...
OPEC Siding with Saudi Over Oil Price War
When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side. Crude plunged for eight of nine weeks prior to the group’s November gathering, wh...
Iran Hints At possible Meeting of Minds with Saudi Over OPEC
Iran’s Minister of Petroleum Bijan Zangeneh says he may meet his Saudi counterpart Ali al-Naimi at the next OPEC meeting in Vienna. Zangeneh said the views of the two countries are identical in many areas and that Ira...
Power-Gen Conference Receives Saudi, Bahrani Backing
Top regional power producing companies Saudi Electricity Company (SEC) and Bahrain Electricity and Water Authority (Bewa) are set to take part as supporting entities at the 13th annual Power-Gen Middle East Conference...
