Oil Prices | Egypt Oil & Gas - Part 15

Saudi Arabia Teetering Closer to Tough Production, Currency Choices

Bank of America Merrill report “Global Energy Weekly” warned Saudi Arabia that the drain on its foreign exchange (FX) reserves could accelerate to $18b per month if Brent crude oil prices average $30 per barrel.

Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding

Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press.

Bahraini $1.5b Bond Sales Send Bad Signals to Debtors

Bahrain's $1.5b bond sale, last week, is a bad sign that Gulf borrowers will have to pay a lot more to issue debt in coming months because of low oil prices and less enthusiastic investors.

Iraq in $30 a Barrel Price War as Investments Stagnate

Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.

Tarek El-Molla to Attend Bahrain’s APICORP Energy Forum

His Excellency Tarek El-Molla, Minister of Petroleum and Mineral Resources, will attended the Arab Petroleum Investments Corporation’s (APICORP) Energy Forum held today in Bahrain.

Fears that Dana Gas Losses May Affect Egypt Investments

UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq.

Oilfield Services to Expand Offshore in Middle East, Report Says

Higher E&P expenditure, financial durability of the companies and customers are likely to drive the oilfields services (OFS) market in the Middle East to record revenues worth $13.4b by 2019.

Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange

The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform.

Oil Prices Prompt Saudi to Sell Airports

Saudi Arabia will begin privatizing its airports and related services in the first quarter of 2016, the country’s General Authority for Civil Aviation (GACA) said on Sunday

Dana Gas Making Cutbacks After $9m Oil Prices Loses

The UAE’s Dana Gas reported third quarter gross revenue of $93m as compared to $174m and an overall net loss of $9m.

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