budget | Egypt Oil & Gas - Part 5
Nigeria Producing at $5 Loss per Barrel
With oil prices at 13-year lows, Nigeria may be continuing production at a $5 loss per barrel.
Algeria Trade Deficit Widens amid Low Oil Prices
Algeria’s energy earnings dropped by nearly 41% in 2015, leading to a trade deficit of $13.71b – far from the $4.3b surplus of 2014, according to the Algerian Finance Ministry.
Petroleum Ministry: Payments Being Made on Time
The petroleum sector has been able to fulfill its financial obligations in business dealings on a regular basis.
Nigeria to Revise National Budget amid Low Oil Prices
Nigerian President Muhammadu Buhari has asked parliament to withdraw the 2016 budget in order to make changes.
Nigeria May Take Greater Debt as Oil Price Slides
Nigeria may have to take greater debt to meet its yearly budget, amid an increasingly low oil price which is crucial for government revenues. Egypt’s Petroleum Ministry and Oil Companies Debate Planning Budgets
Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the General Assembly, held for a number of oil companies, to adopt planning budgets for the fiscal year 2016/2017.
Oman Adopts Austerity Budget Boosting Non-Oil Revenues
Oman has adopted an austerity budget for 2016 with a projected deficit of $8.6b in order to tackle the 50% decline in state revenue by introducing economic diversification, increasing non-oil revenues, and encouragin ...
El Molla: Energy Subsidies Lower Due to Global Price Decline
Egypt spent EGP14b on petroleum subsidies in Q1 of the 2015-16 fiscal year, according to Petroleum Minister, Tarek El-Molla.
