Egypt: BP Completes 2 New Gas Wells in Raven Field

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
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Egypt: BP Completes 2 New Gas Wells in Raven Field

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 

British Petroleum (BP) has successfully completed two additional gas wells in the Raven Field, part of its significant West Nile Delta (WND) development off Egypt’s Mediterranean coast, the Ministry of Petroleum announced in a statement on Sunday.
The drilling was carried out using the Valaris DS-12 drillship, which began operations in mid-2024.
In a statement received by Asharq Al-Awsat, the Ministry said subsea activities are currently ongoing to tie the two wells to the existing network in the Mediterranean, paving the way for production to commence.
Gas production is now expected to begin in February 2025, three months ahead of schedule, following expedited drilling and installation efforts.
“After completing operations at Raven, the Valaris DS-12 has moved on to the King exploration area, where it will target natural gas in the Lower Miocene layer,” the Ministry said.
It added that the reservoir is anticipated to be reached by late February 2025.
The proximity of the King area to BP’s existing West Nile Delta infrastructure will facilitate a seamless connection to the company’s production facilities, supporting Egypt’s broader strategy to boost local gas output.
This development is part of the Ministry of Petroleum’s wider initiative to expand offshore drilling in the Mediterranean.
Recent projects include Chevron’s Khanjar-1, ExxonMobil’s Nefertari-1, BP’s Raven field operations, and Eni’s resumed drilling at the Zohr field.
These efforts are crucial to strengthening Egypt’s position as a regional energy hub, the Ministry said.

 



Lenovo Set to Begin Saudi Production in Late 2026

Lenovo unveils its Saudi-made laptop at LEAP 2026 (Asharq Al-Awsat)
Lenovo unveils its Saudi-made laptop at LEAP 2026 (Asharq Al-Awsat)
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Lenovo Set to Begin Saudi Production in Late 2026

Lenovo unveils its Saudi-made laptop at LEAP 2026 (Asharq Al-Awsat)
Lenovo unveils its Saudi-made laptop at LEAP 2026 (Asharq Al-Awsat)

Saudi Arabia is seeking to cement its position as a regional technology manufacturing hub as Lenovo prepares to begin commercial production at its new Riyadh plant in late 2026.

The facility, Lenovo’s largest outside China, will be the company’s first worldwide to manufacture laptops, desktops, servers and Motorola smartphones at a single site. It will serve markets across the Middle East, Türkiye and Africa.

Lenovo unveiled its first laptop manufactured in Saudi Arabia at the LEAP 2026 technology conference in Riyadh, marking a shift in its partnership with Alat, a company owned by the Public Investment Fund, from investment and capacity-building to the domestic production of technology devices.

Salman Faqeeh, Lenovo’s vice president and general manager for Saudi Arabia, told Asharq Al-Awsat that the laptop represented an important milestone for the company. He said large-scale production was expected to begin in late 2026.

“The Riyadh facility has been designed to produce Lenovo’s product portfolio over time, including PCs, desktop computers, servers and Motorola smartphones,” Faqeeh said.

“Our Riyadh facility is Lenovo’s first worldwide to produce all four product categories and is also the company’s largest factory outside China.”

Faqeeh said Lenovo remained on track to begin large-scale commercial production in late 2026. The company is focused on developing a world-class manufacturing ecosystem that supports Saudi Arabia’s industrial ambitions, serves regional markets and connects with Lenovo’s global supply chain, he added.

Lenovo’s largest plant outside China

The Riyadh facility has been designed to produce a broad range of Lenovo products, including laptops, desktops, servers and Motorola smartphones.

It will be the first plant in Lenovo’s global manufacturing network to bring production across all four categories together at a single site, as well as the company’s largest factory outside China.

The facility is being built on a site covering about 200,000 square meters at Riyadh Integrated, operated by the Special Integrated Logistics Zone near King Khalid International Airport.

The project is part of a strategic partnership between Lenovo and Alat aimed at developing an industrial and technology manufacturing base serving the Middle East, Türkiye and Africa.

Lenovo officially opened its regional headquarters in Riyadh in April 2026 as part of its plans to expand its manufacturing and research and development operations.

Saudi Arabia as a manufacturing and innovation hub

Faqeeh said Saudi Arabia was becoming increasingly important to Lenovo’s global strategy, not only as a regional market but also as a center for leadership, innovation, talent development, and manufacturing.

The company has established its Middle East, Türkiye, and Africa regional headquarters in Riyadh and is expanding its innovation initiatives and local talent development programs.

Saudi Arabia will play a larger role in Lenovo’s global manufacturing, innovation, and supply-chain network in the coming years, Faqeeh said, citing accelerating investment in the Kingdom’s technology and industrial sectors.

Growing demand for AI solutions

Faqeeh said Lenovo was seeing growing demand in Saudi Arabia and the wider region for artificial intelligence-enabled devices, infrastructure, and services as organizations moved beyond experimentation towards deploying the technology more broadly.

Government, financial services, energy, manufacturing, retail, education, healthcare, and sports were among the sectors driving that growth, supported by heavy investment in digital infrastructure, he said.

Those investments were creating opportunities across the technology ecosystem, ranging from AI-ready devices to data-center solutions and edge-computing infrastructure.

Research, development and talent

Lenovo is continuing work to establish a research and development center and a customer experience center in Saudi Arabia, Faqeeh said.

The company has appointed Dr. Rabeah Alzaidy to lead its local research and development initiatives.

Areas under consideration include artificial intelligence, device innovation, smart manufacturing, and technologies tailored to local market requirements, including support for Arabic-language use.

The customer experience center will allow customers, partners, and policymakers to interact directly with Lenovo’s latest technologies and innovation capabilities, Faqeeh said.

The first group of Saudi engineers has completed training at Lenovo manufacturing facilities around the world and is now supporting the company’s local operations.

Lenovo will continue investing in programs that build expertise in advanced manufacturing, engineering, research and development, and emerging technologies, allowing Saudi talent to participate in the technology industries of the future, Faqeeh said.

Partnership with Alat

Faqeeh said Lenovo’s partnership with Alat had moved from vision to implementation, citing progress in constructing the plant, the unveiling of the first Saudi-made Lenovo laptop, and the launch of initiatives to develop Saudi talent.

The partnership combines Lenovo’s global manufacturing expertise with Saudi Arabia’s industrial ambitions, he said.

It is intended to strengthen domestic capabilities, develop high-value skills, support knowledge transfer, and help build a technology manufacturing ecosystem capable of competing globally.


Saudi Aramco Boosts Innovation, Technological Collaboration at LEAP 2026

The logo of Saudi Aramco is seen during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. (Reuters)
The logo of Saudi Aramco is seen during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. (Reuters)
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Saudi Aramco Boosts Innovation, Technological Collaboration at LEAP 2026

The logo of Saudi Aramco is seen during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. (Reuters)
The logo of Saudi Aramco is seen during the Adopt AI International Summit at the Grand Palais in Paris, France, November 26, 2025. (Reuters)

Saudi Aramco and its subsidiary, Saudi Aramco Digital, announced on Tuesday the signing of several agreements and memoranda of understanding (MoUs) with leading technology companies at LEAP 2026 in Riyadh.

The agreements focus on cybersecurity, industrial artificial intelligence (AI), innovation, the localization of critical technologies, and building national industrial capabilities.

During the conference's opening, Saudi Aramco President and CEO Amin Nasser said he had witnessed firsthand Saudi Arabia's significant progress in developing its digital infrastructure and information and communications technology (ICT) sector.

LEAP 2026 serves as an important platform for envisioning the future by bringing together global and national ideas, talent, and partnerships capable of accelerating technological advancement, he added.

Nasser highlighted the Saudi energy sector's contribution to driving the global economy over the past 90 years.

He hoped that the momentum generated through diverse investments would help the Kingdom become a leader in AI and digital solutions in the coming years, supported by its expertise, infrastructure, partnerships, and regulatory environment.

The opportunities are vast and achievable, thanks to the strong and continuous support of the Kingdom's leadership, he stressed.

Several Saudi Aramco officials and experts are participating in LEAP 2026 and speaking at conference sessions. The global technology event, held in Riyadh from August 31 to September 3, offers insights into how innovation is reshaping the global landscape.


Canada's Carney Says US Needs to Start Being Serious Before Trade Talks Can Resume

US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. (Reuters)
US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. (Reuters)
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Canada's Carney Says US Needs to Start Being Serious Before Trade Talks Can Resume

US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. (Reuters)
US President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. (Reuters)

The US needs to start being serious and stop trying to be tough before talks on a possible trade deal with Canada can restart, Prime Minister Mark Carney told reporters on Tuesday.

Canada walked away from negotiations on an agreement to avoid additional US tariffs on August 21, saying the American side had made unacceptable last-minute demands.

Since then, US President Donald ‌Trump has declared ‌that Lake Ontario should be renamed ‌Lake ⁠America, described Canada's leaders ⁠as "the worst" he has to deal with, and repeated assertions that Canada is ripping off the US.

He also posted an AI-generated meme showing Canadian geese with Trump's distinctive hairstyle marching under a US flag.

Carney said there was still a chance ⁠to strike a mutually beneficial trade deal ‌that respected Canadian ‌sovereignty.

"And when the Americans stop doing memes, stop throwing shade, ‌stop trying to be tough and start ‌being serious about having those discussions, we can have those discussions," Carney said, adding that recent US actions were "not constructive."

US officials have challenged part of the Canadian narrative ‌as to why the talks collapsed, saying there was a good deal to ⁠be had ⁠on the table. Carney said Ottawa had never felt the proposed terms would be adequate, especially when it came to the highly integrated auto sector.

"The attitude of the United States... has been one that the core Canadian industries either would be subsidiaries, effectively, of the United States industries, or (Washington) would put in place terms where those industries would be gradually wound down in Canada and wiped out," he said.

"Of course, we're not going to accept those terms."