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Libya’s war explained: Khalifa Haftar, oil cuts, UAE airstrikes and Russian mercenaries
Libya has seen its oil production slashed by 75% in just one week as warring factions within the country attempt to use the key commodity to seize control.
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Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
The two exploration deals call for a total investment of at least US$332 million, according to a statement from Egypt’s petroleum ministry, carried by Reuters. At the end of 2019, ExxonMobil said that it had acquired more than 1.7 million acres offshore Egypt, adding upstream interests to its downstream business in the country. Exxon bought the 1.2-million-acre North Marakia Offshore block, five miles offshore Egypt’s northern coast and 543,000 acres in the North East El Amriya Offshore block in the Nile Delta. ExxonMobil, which will be the operator of both blocks with 100-percent interest, plans to start exploration operations this year.
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Saudi Deputy Defense Minister Receives Commander of US Central Command
Saudi Deputy Defense Minister Prince Khalid bin Salman received in Riyadh on Tuesday Commander of the US Central Command General Kenneth McKenzie, reported the Saudi Press Agency.
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Yemeni Rebels Claim They Targeted Saudi Aramco in Jazan
Jazan is the site of a 400,000-barrels-a-day Saudi Aramco refinery, but the city, near the border with Yemen, isn’t home to crude oil production facilities or major export terminals.
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Saudi Arabia criticised by European Commission over BeoutQ inaction
The report listed Saudi Arabia as a priority three country alongside Argentina, Brazil, Ecuador, Malaysia, Nigeria and Thailand. Among the priority two countries were India, Indonesia, Russia, Turkey and Ukraine, while China is the only country in the priority one category.
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King Salman reassures Saudi Arabia’s commitment to the Palestinian issue
Saudi Arabia’s King Salman reassured the Kingdom’s commitment to the Palestinian issue and Palestinian rights, in a phone call with Palestinian president Mahmoud Abbas, the Saudi state news agency reported early on Wednesday.
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Who is playing in the 2020 Saudi International
Johnson returns to Royal Greens Golf & Country Club to defend his crown and will begin his charge as part of a stellar threeball alongside fellow Major Champion Henrik Stenson and Abu Dhabi HSBC Championship presented by EGA winner Lee Westwood, starting at the tenth tee at 08:05.
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Revealed: the impact of Riyadh Season on Saudi tourism
Seera Group, the Saudi-based travel and tourism company, has revealed a significant increase in consumer travel bookings to the Saudi capital city, highlighting the success of Riyadh Season. Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year.
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Saudi Telecom to Buy Vodafone Egypt Stake for $2.39 Billion
The deal gives STC, as the Riyadh-based firm is known, access to a country of some 100 million people where Vodafone Egypt has a market share of about 44%. STC has bought stakes in telecom companies operating in Turkey, Indonesia, Bahrain, Kuwait and Malaysia over the past decade. If a transaction is finalized the companies expect to keep the Vodafone brand.
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Saudi Arabia’s SABIC sees slowdown in 2020
The CEO of Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals firm, said he expects a slowdown in 2020, although it was too early to determine the impact of the outbreak of China’s coronavirus on demand. SABIC had not suspended travel or taken any other measures because of the virus, Yousef al-Benyan said at a news briefing following the company’s publication of its financial results.
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