Oil Prices | Egypt Oil & Gas - Part 13
Saudi Kayan Posts $116.3m Losses for First Time
Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in the Q4 of 2015, the first major petrochemicals firm in the kingdom to report its earnings, according to the Business Recorder. Reuters said this was the ...
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 to boost its domestic gas production amid...
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 luncheo...
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, reported Reu...
Oman Takes Long-Awaited Fuel Price Reforms
Oman has announced it will rise gasoline prices as of mid January, reported Trade Arabia. The new prices per liter of gasoline will be 0.160 rials ($0.4156) for 95 Octane and 0.140 rials for 90 Octane. Diesel will cos...
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, accor...
Bahrain Amends Petrol Prices First Time in 33 Years
The Bahraini cabinet has approved an amended price of petrol sales following recommendations outlined in a memorandum submitted to cabinet by the National Oil and Gas Authority (NOGA), reported Gulf Digital News. The ... 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, reported Reuters. A statement issued by the company sai...
