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Saudi Arabia

Industry News
Source: Seetao

Sinopec Completes Over 80% of Saudi East-West Gas Pipeline Project Sections

Chinese state contractor Sinopec has completed over 80% of construction on sections six and seven of Saudi Arabia's National Natural Gas Pipeline Network Phase III Project. The contractor has welded more than 678 kilometers of large-diameter pipeline using Chinese-made automated welding and intelligent equipment. Once finished, the 700-kilometer desert route will supply natural gas to King Abdullah Economic City and multiple power stations.

Industry News
Source: EnergyNow.com

Oil Hits Two-Week High Following Drone Strike on UAE Nuclear Plant

Global crude prices rose to a two-week high following a drone strike on the UAE's Barakah nuclear power plant and drone interceptions in Saudi Arabia. Brent crude reached $111.27 per barrel, while West Texas Intermediate climbed to $107.75. The market surge follows recent talks between US President Donald Trump and Chinese President Xi Jinping that concluded without resolution to the regional conflict.

Industry News
Source: Arabian Gulf Business Insight | AGBI

Temasek to Open Abu Dhabi and Riyadh Offices, Boosting Regional Deal Competition

Singapore state investor Temasek plans to open offices in Abu Dhabi and Riyadh in the first half of 2027, pending regulatory approvals. The expansion will increase Temasek's global network to 15 offices across 11 countries, serving as strategic hubs for the firm and its portfolio companies. The move introduces heightened competition for regional investments and partnerships alongside Gulf sovereign wealth funds.

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