Saudi Arabia | Egypt Oil & Gas - Part 87
Saudi Still Waiting for Non-OPEC Help, Moving into Shale
Saudi Arabia’s oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to “improve” prices but only if other producers outside of the Organization of the Petroleum Exporting Countries ...
GE to Train and Maintain through Saudi Joint Power Plant Venture
Saudi Electricity Company (SEC) and GE recently signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC’s power plants in the kingdom. ...
Jubail’s Saudi Butanol Plant To Enter Trail Phase for 2015
Saudi Butanol Co, a joint venture of local petrochemicals firms, is expected to start trial operations at its plant in Jubail in the third quarter of 2015, one of the shareholders said on Tuesday. “Construction ...
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. The agreement replaces the existing $4 billion facilities...
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. Hedge funds and ...
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 Kayan said on February 1 it would shut several uni...
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. The Tadawul All Share Index, the main gauge for the world’...
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. The nation shares a border with Saudi Arabia, the world’s biggest crude exporter, and sits on on...
