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, in a broad bid to shape the Kingdom...

OPEC Meeting Ends Without Output Freeze Deal

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

The Organization of Petroleum Exporting Countries (OPEC) will stick to its policy of unfettered oil production after members failed to agree on a new output ceiling during a meeting in Vienna, Boston Globe reported. O...