Riyadh Approves National Transformation Plan

• Thursday, 9th June 2016
• by Egypt Oil & Gas

Saudi Arabia’s National Transformation Plan (NTP), which outlines the key elements to shift the kingdom’s economy away from its dependence on oil, was approved by the Saudi cabinet.

OPEC Meeting Ends Without Output Freeze Deal

• Monday, 6th June 2016
• by Egypt Oil & Gas

OPEC will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling during Vienna's meeting.