Oil Prices | Egypt Oil & Gas - Part 15
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.
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia's cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability.
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.
