Saudi | Egypt Oil & Gas - Part 2
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’s Acwa to Fund Dayrut Power Plant
Saudi Arabian company Acwa Power agreed with three international institutions to fund the power plant of Dayrut city in Beheira, Egypt. The project is expected to generate 2,250 MW of energy, with investments of $2.1b...
Sadara Moves Ahead with Petrochemical Strategy
Saudi Arabia’s Sadara Basic Services has signed agreements covering storage facilities and port services in preparation for its petrochemicals production strategy, that will begin by the end of this year, report...
European Companies to Help With Saudi Gas Transformation
Two European companies, Spain’s Tecnicas Reunidas and Britain’s Petrofac, have been selected build the Fadhili gas plant in Saudi Arabia for Saudi Aramco, industry sources told Reuters. The contracts are w...
Saudi Arabia, Egypt to Join Forces in Nuclear Energy
Saudi Arabia announced its intention to work bilaterally with Egypt in several fields, including the peaceful use of nuclear energy, reported Ahram Online. The Saudi social affairs minister, Majed bin Abdullah Al-Qasa...
Sipchem Profits Tumble More than Expected
Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday, missing analyst forecasts as its earnings were hit by plant closures and falling product sales prices. Sipchem mad...
PetroRabigh Profits Strong and Steady Despite Oil Prices
Saudi Arabia’s PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved. The firm, a joint venture between Saudi Aramco and Japan’s Sumitomo Chemi...
Saudi Arabia Invests $350m in Egypt’s Renewables
Al-Jeel Al-Hader Co., a Saudi Arabian firm, has struck a $350m deal with Egypt to build power plants to generate electricity using alternative energy sources, reported Al Mal. Mohamed Abdel Raheem, Vice Chairman of Al...
