Oil Prices | Egypt Oil & Gas - Part 18
TAQA Using Indian Operations to Bolster Revenues
Abu Dhabi National Energy Company (TAQA) has begun selling electricity from its hydro-power project in northern India, reported Reuters. This will provide the company with another revenue stream after its profits were...
Saudi to Raise Water Prices amidst Credit Downgradings
Saudi Arabia will raise the price of water for non-residential consumers, a move widely perceived as a sign the government is cutting back an expensive system of subsidies thanks to low oil prices. The rate for indust...
Undaunted by Oil Prices, UAE Cuts Costs, Registers New Firms
Reuters reported that Abu Dhabi National Oil Company (ADNOC) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25%, said Ali Khalifa al-Shamsi, ADNOC’s strate...
Oil Prices Spark Tensions Between US and Omani Pipe Makers
Ahmed Hassan Al Dheeb, undersecretary at the Omani Ministry of Commerce and Industry said that his country is confident of winning an anti-dumping case against a local steel pipeline manufacturer that is being heard i...
Oil Price Drop Brings Mixed Employment Blessings
According to a report by Oxford Strategic Consulting the current period of low oil prices could be an opportunity for GCC-based oil and gas companies to invest in and diversify talent, said Trade Arabia. Many oil and ...
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Industry sources have informed Reuters that Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016. The sources, however,...
Saudi Bonds and Spending Move in Opposite Directions
Standard and Poor, which previously downgraded Saudi Arabia’s sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf’s international bonds, reported Reuters. The argum...
Saudi Arabia Able to Withstand Oil Prices: Saudi FM
Saudi Foreign Minister, Adel al-Jubeir, has announced that Saudi Arabia can withstand the impact of low oil prices on state revenues and economic growth, reported Reuters. “The deficits that the kingdom will be ...
