Iran: Rouhani Declares Oil Dependence Reaching New Lows

• Sunday, 26th April 2015
• by Egypt Oil & Gas

Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21). Addressing military top brass in the Iranian cap...

Saudi S&P Credit Rating Turns Negative

• Tuesday, 10th February 2015
• by Egypt Oil & Gas

Saudi Arabia, the world’s largest oil exporter, had the outlook on its credit grade cut to negative by Standard & Poor’s while other struggling energy-producing nations had their ratings lowered. The Saudi kingdom...