Saudi Arabia | Egypt Oil & Gas - Part 90
Saudi Aramco Modifies Plans to House Workers
Saudi Arabian Oil Co. is seeking partners to help build commercial properties in a 10,000-home project as the state-owned crude exporter takes a direct role in constructing accommodation for its employees. The company...
Iraq, Iran Emulate Saudi Arabia in Asian Markets
Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opec’s largest market is intensifying. Iraq’s Basrah Light crude will sel...
Oil Prices Responsible for Cancelled Gulf Projects, Layoffs
Projects worth around $200 billion (Dh734.47 billion) were cancelled globally in the last three months due to falling oil prices, an oil and gas expert told Gulf News. Christophe de Mahieu, a partner in Dubai-based Ba...
Saudi Oil Minister in Talks with Algeria, Russia
Saudi Arabian Oil Minister Ali Al Naimi discussed Opec and the oil market with officials from Russia and Algeria, Saudi state news agency SPA reported. Naimi met in Riyadh with Viktor Zubkov, chairman of state-control...
Slight Decline Expected in Saudi 2015 LPG Exports
Saudi Arabia’s LPG exports for 2015 are expected to be steady to slightly lower than last year, as rising demand from domestic petrochemical plants is countered by increasing production from oilfield upgrades, a sourc...
Saudi S&P Credit Rating Turns Negative
Saudi Arabia, the world’s largest oil exporter, had the outlook on its credit grade cut to negative by Standard & Poor’s while other struggling energy-producing nations had their ratings lowered. The Saudi kingdom...
Aramco and Sinopec Refinery Loading Second Cargo
A new joint-venture refinery in Saudi Arabia will load its second diesel cargo and started gasoline production earlier this week, a source close to the company, Yanbu Aramco Sinopec Refining Co (Yasref), said. The 400...
Aramco: Oil Price ‘Too Low’
World oil prices have fallen too far, the president of state-owned energy giant Saudi Aramco said on Tuesday, stressing it was for the market not OPEC producers to shore them up. “It’s too low for everybody,” Khalid A...
