Oil Prices | Egypt Oil & Gas - Part 12
Saudi Kayan Posts $116.3m Losses for First Time
Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in Q4 of 2015, the largest loss Kayan had suffered since it was first listed in 2007.
Bahrain Mulls Offshore Gas Exploration Bids
Bahrain is looking into launching a new international bid round for offshore gas exploration seeking to reduce its dependence on gas supplies from other regional players, and instead boost its domestic gas production ...
Oil Prices Push Down Egypt’s Fuel Subsidy Bill
Egypt's budget for fuel subsidies has decreased by EGP 5b, reaching EGP 56b, in comparison to initial estimates of EGP 61b. The statement was made by Egyptian Petroleum minister, Tarek El Molla, during a luncheon at ...
UAE Denies Nigeria’s Call for Emergency OPEC Meeting
The UAE has denied claims made earlier by Nigerian Petroleum Minister that an emergency meeting of OPEC was in order to discuss the current oil pricing policy amid a 12-year low drop of oil prices to $30.
Oman Takes Long-Awaited Fuel Price Reforms
Oman has announced it will rise gasoline prices as of mid January. The move has been ascribed to the impact of persistently low oil prices.
Riyadh’s Oil Outputs to Impact Global Economy, Not Aramco IPOs
Saudi Arabia’s oil production levels will be far more significant to the global economy than Aramco's plans for the initial public offerings (IPOs) selling shares in its upstream and downstream facilities, according ...
Bahrain Amends Petrol Prices First Time in 33 Years
The Bahraini cabinet has just approved an amended price of petrol sales following the recommendations from the Executive Committee, as outlined in a memorandum submitted to Cabinet by the National Oil and Gas Authori ... Saudi Aramco Confirms IPO Plans In Privatization Bid
Saudi Aramco has confirmed that it was studying plans to issue Initial Public Offerings (IPOs) in a partial privatization bid of the world’s largest oil company.
