New Saudi Railway Expected To Reduce Dependence On Crude Oil
Monday, 18 September 2017 Saudi Arabia plans to soon issue contract tenders for a 1,000-mile railway between the Red Sea and the Persian Gulf, and to extend links to serve oil giant Aramco, Saudi Railway Company’s chief executive Bashar Al Malik told Bloomberg in an interview published on Monday. Saudi Arabia has been planning the 1,000-mile Red Sea-Persian Gulf link—Land Bridge—since 2008, but tabled it after Saudi Arabia and private companies failed to initially agree on the financial terms of a deal. The Saudis are now “moving ahead to implement…
Sep.14 -- Emad Mostaque, co-chief investment officer at Capricorn Fund Managers, and Bloomberg's Javier Blas discuss a potential delay for the initial public offering of Saudi Arabia's state-owned oil company Saudi Aramco. He speaks on "Bloomberg Daybreak: Americas."
(MENAFN) Saudi Arabia and Bahrain are set to initiate a new 350,000-barrels-per-day oil pipeline to serve the planned growth of Bahrain's plant... MENAFN.com - Middle EastAlso reported by •Zero Hedge •OilPrice.com