Saudi Aramco | Egypt Oil & Gas - Part 31
Egypt Receives $650m Fuel Shipments from Saudi Arabia
As part of the five-year agreement that Egypt has with Saudi Arabia to contribute to supplying the country’s fuel needs, Egypt has received shipments of petroleum products worth approximately $650m in May and June 201...
Aramco to Keep Spare Capacity in IPO
Saudi Arabia’s Oil Minister, Khalid El Falih, said that the initial public offering (IPO) of Aramco will not mean an end to a long-time policy of keeping some of its production capacity idle to guard any disrupt...
Saudi Arabia Hikes Asian Oil Prices
Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects demand to recover, Bloomberg reported. Saudi Aramco increased its officia...
Aramco, SUMED Expand Saudi Oil Shipment to Europe
Saudi oil company Aramco and Egypt’s SUMED signed an agreement to increase the former’s oil pumping to its customers in Europe via SUMED’s pipeline, according to a ministry’s press release. The deal was si...
Egypt, Saudi Aramco Ink Petroleum Deal for Five Years
Egypt has signed a deal with Saudi Aramco stipulating that the Saudi company would supply the country with petroleum products for five years, the Egyptian Ministry of Petroleum said in a statement end of March, All Af...
Saudi Aramco Plans to Double Gas Production in 10 Years
Saudi Aramco, the world’s largest oil and gas company, plans to nearly double its gas production to 23bscf/d in 10 years, according to its Chief Executive Amin Nasser . “The kingdom has managed to increase gas p... Saudi Aramco Cuts Light Crude Prices for Asia
Saudi Arabia cut pricing for March sales of its Light crude grades to Asia, according to Energy Voice. A Saudi state-owned oil company Aramco lowered its official selling price for Arab Light crude to Asia to $1 a bar...
Aramco Purchases $1.12b of Oil Products from South Korea’s S-Oil Corp
South Korea’s S-Oil Corp agreed to sell $1.12b of oil products to Saudi Aramco Products Trading Company, an increase compared with 2015, reported Reuters. The contract provides for the supply of 12m to 24m barre...
