Saudi Arabia | Egypt Oil & Gas - Part 89
Kuwait: OPEC Likely to Maintain Price Policy till June 5
OPEC is likely to maintain its production policy at a meeting in June, Kuwait’s OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global ...
Saudi Aramco Seeking $10 Billion for Credit, Sources Say
Saudi Arabian Oil Co., the world’s largest oil exporter, is in talks with banks to raise a $10 billion revolving credit facility at cheaper pricing than Exxon Mobil Corp., according to three people familiar with the m...
Aramco and King Fahd University Collaborate on Advanced College Program
Saudi Aramco and King Fahd University of Petroleum and Minerals (KFUPM) have signed a framework agreement supporting a new Petroleum Engineering and Geosciences college program. Aramco’s EXPEC ARC (Advanced Research C...
Acwa Power in $400 million Dubai Solar Power Project
Saudi Arabia’s Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday. The 27-year amortising loan with...
Saudi Oil Selling Price Rise for Asian Market in Works
Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronge...
Saudi Oil Minister Calms Oil Fears, Says Demand Rising
Oil demand is growing and the market has turned “calm,” according to Saudi Arabia’s Oil Minister. “We want to see calm markets,” Ali al-Naimi told reporters after a speech at a conference in the Red Sea city of Jazan ...
AnTech Opens New Middle East Facility in Saudi
AnTech, a directional coiled tubing drilling (DCTD) provider, has launched its Saudi Arabian presence with the opening of a new office in Al Khobar. An integral part of the company’s global growth strategy, AnTech’s n...
Arabtec’s Target Awarded $253 million Contracts from Saudi Aramco.
Arabtec has won construction contracts in Saudi Arabia worth over $253 million (AED 930m) through its subsidiary Target Engineering Construction Company. Target Engineering Construction Company, which maintains a stro...
