Oil Prices | Egypt Oil & Gas - Part 14
Saudi Regime Bracing for Major Economic Reforms
Saudi Arabia's Deputy Crown Prince, Mohammed bin Salman has outlined plans to reshape country's economy to withstand low oil prices.
Angola Secures 10-Year Commitment from Chinese Oil Firm
Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
Islamic Finance Props Up Saudi Electricity Sector During Oil Slump
Saudi Arabia's Rabigh Electricity Company has signed the riyal-denominated tranche of a murabaha credit facility worth up to $666.8m.
Oman Oil Marketing to Invest in Fuel Stations in Saudi Arabia
Oman Oil Marketing Company has been permitted to launch its feasibility study to determine the scope of its potential investment in the operation of fuel filling stations, and fuel services centers in Saudi Arabia. Kuwait on Verge of Fiscal Reforms, Projecting Subsidy Cuts
The Kuwaiti government is showing a willingness to push forward fiscal reforms including subsidy cuts, due to the persisting low price of crude, and pressure over lacking support for the country's currency.
GCC to Introduce VAT by 2018
The Gulf Cooperation Council (GCC) states have agreed to introduce value-added tax in the region by 2018 subject to the signing of a final agreement.
Nigeria, Angola to Search for a New Consensus on Oil Prices
Nigeria and Angola have agreed to cooperate in reaching out to other oil producing countries in an attempt to find a new consensus amid the dwindling oil prices in the global market.
Nova Scotia Records 72 % Rise in Bad Oil and Gas Loans
The Bank of Nova Scotia has reported a 72 % rise in bad loans to the oil and gas industry with a total sum increased to the level of $123m (C$165m) in Q4.
