Oil Prices | Egypt Oil & Gas - Part 15
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, re...
Kuwait on Verge of Fiscal Reforms, Projecting Subsidy Cuts
According to the Arab Times, 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 c...
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, the UAE’s Finance Ministry informed, according to Al-Arabiya....
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, PMNewsNigeria reported. Nigerian P...
Nova Scotia Records 72 % Rise in Bad Oil and Gas Loans
Canada’s third-largest bank, 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, Bloomberg informed. The Tor...
Low Prices, Climate regulations Sinking Canada’s Oil Industry
Canada is poised to lose energy companies as the industry faces lower and more volatile oil prices along with tougher climate and regulatory policies, billionaire investor Murray Edwards warned at a conference hosted ...
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December, reported Arabian Business. The price of a litre of octane 95 gasoline will drop 1.15% to $0.46 in November,...
Taqa to Divest Itself of its Sole US Wind Power Asset
Abu Dhabi National Energy Co., or Taqa, has filed with US energy regulators to sell its stake in the Lakefield wind power plant in the U.S. state of Minnesota, reported Reuters. The filing asks for authorisation of th...
