Oil Prices | Egypt Oil & Gas - Part 18

Iran Prepared for All Eventualities of Oil Export Resumption

Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV.

Saudi Plans Delayed as Credit Rating Drops with Oil Prices

Saudi Arabia's cabinet has deferred for further study a decision on limiting the private sector work week to 40 hours

Downstream Investments Struggle with Oil Price Drop

The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners,

Shell Gives a Tentative No to Alberta Oil Sands

Royal Dutch Shell Plc announced that it will not continue construction of its 80,000 b/d Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market

Mining to Make Major Contribution to Saudi Diversification

Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.

Saudi Seriously Contemplating Slashing Energy Subsidies

Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies

UAE Struggles Over Predicting Ideal Oil Price for its Budget

Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

Oman Devising Energy Master Plan as Oil Workers Laied Off

Oman's top 100 energy sector stakeholders held a workshop Tuesday aimed at drafting the most-critical recommendations to be included in Oman’s 25-year energy master plan

Angola Driving Ahead with Eurobond Plan as Oil Prices Falls

Angola's Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale

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