Saudi | Egypt Oil & Gas
OPEC+ Decisions Not Politicized: Saudi Energy Minister
Decisions that OPEC+ makes are not politicized and are based on market realities, according to Abdulaziz bin Salman, Saudi Arabian Energy Minister. He added that the alliance of oil producers is sufficiently adaptable...
OPEC+ Will Remain Proactive, Pre-Emptive, Saudi Oil Minister Says
Given market uncertainty, OPEC and its allies must continue to be proactive, according to the Saudi Arabian oil minister, Bloomberg reported. “The market has been subject to some extreme shocks and if it were not for ...
Aramco Completes Share Sale Agreement Worth $12.4b
Aramco has announced the completion of a share sale and purchase agreement (SP) with consortium, including EIG and Mubadala, who acquired a stake of 49% in Aramco Oil Pipelines company, a subsidiary of Aramco, for $12...
Kuwait, Saudi Close to Neutral Zone Final Signing
Kuwait’s Deputy Foreign Minister, Khaled Al Jarallah, said that positive consultations with Saudi Arabia regarding the Neutral Zone are continuing, noting that the two parties are looking forward to the final signing ...
ACWA to Build PV Plant in Jordan
Saudi Arabia’s ACWA Power announced that it has secured $54m in loans for a 60.3MW solar photovoltaic (PV) project located in Mafraq, 50km north-east of Amman, Jordan. The plant is part of a 150MW solar complex coming...
PetroRabigh to Halt Operations
Rabigh Refining and Petrochemical Company (PetroRabigh) announced that it will suspend the operations of its ethane cracker unit for 21 days. The suspension will start mid November, in order to complete the temporary ...
Hyundai to Build Gas Plant in Saudi Arabia
Oil giant Saudi Aramco has awarded Hyundai Engineering and Construction with $727m contract to build a gas facility at Uthmaniyah plant. The South Korean company expects to complete project by the end of 2019, report...
Aramco, Turkey Signed MoUs
Saudi oil giant Aramco signed memoranda of understanding (MoU) with 18 Turkish firms in different sectors such as construction, power generation and related services. These agreements enable the Turkish organization t...
