Oil Prices | Egypt Oil & Gas - Part 16
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, reported Reuters. Saleh explained that this move was part of a project to rationalise ...
Bahraini $1.5b Bond Sales Send Bad Signals to Debtors
Reuters reported that 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, reported Reuters, as the country prepares to sell some crude grades for as little as $30 a barrel. The International Energy Agency (IEA) calculates that Iraq is the world&...
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, reported Egypt Oil & Gas. Leadin...
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. In the same period last year, the company recorded a profit of $37.7m, reported Bloomberg. The com...
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, said Trade Arabia, ci...
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, reported the Omani Oil and Gas Review. The Omani ...
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, reported the Saudi Gazette. King Khaled Int...
