loss | Egypt Oil & Gas
Egypt Gas Announces Q1 Losses
Egypt Gas Company has announced pre-tax losses of EGP 12 million in Q1 2018, according to Reuters. In comparison, the company made pre-tax profits of EGP 14.5 million in Q1 2017. Egypt Gas’s revenue recorded EGP...
Saudi Tasnee Records $27.7m Profit in Q2
Saudi Arabia’s National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts’ forecasts, bringing a run of five straight losses to an end, Reuters reported. Tasnee’s ne...
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia’s Rabigh Refining and Petrochemical Co. (PetroRabigh) recorded a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins, reported Reuters. Th...
Angola Marks Loss of 60,000 Oil, Civil Engineering Jobs
Angola has seen a loss of 60,000 jobs in the oil and civil engineering sector over the past year due to the economic crisis triggered by the falling oil prices, Oil Price reported. Chairman of the Angolan Industrial ...
Abu Dhabi’s Taqa Posts Q1 Loss Hurt by Low Oil Prices
Abu Dhabi National Energy (TAQA), the state-owned oil explorer and power supplier, reported a first-quarter net loss hurt by low oil prices. The company, majority-owned by Abu Dhabi’s government, reduced its fir...
Spain’s Repsol Cuts Dividend to Keep Investment Grade
Spain’s largest oil company Repsol, lowered its dividend after revealing a $2.2b quarterly loss, fueling fears that cherished investor payouts are on the chopping block as energy companies grapple with a crude-price s...
State-Owned Gas Company Loses EGP 17.3m
Government-owned natural gas projects company Egypt Gas has registered EGP 17.3m losses in the first quarter (Q1) of 2015, compared to EGP 73.1m recorded profits in Q4 2014, the company announced on Sunday. Increases ...Page 1 of 1
