Oil Prices | Egypt Oil & Gas - Part 20
UAE Firm on Energy Diversification Amid Oil Prices
“Investments are ongoing, we are a mature producer,” Energy Minister Suhail Al Mazrouei told reporters Sunday at a conference in Abu Dhabi
Omani Offshore Company Sells Engineering Unit at a Loss
Oman’s Renaissance Services plans to sell its Topaz Engineering unit, reported The National, and at a loss of $5.5 m to Chalmers Holdings, a Dubai-based marine and offshore outfit.
Despite Downturn, Saudi Arabia Still Bullish on Energy
The Saudi oil minister, Ali al-Naimi, was quoted by Reuters as saying on Friday that his country is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil ...
Bahrain Subsidies Hit by Oil Prices
Bahrain more than doubled the prices of beef and chicken, removing meat subsidies to save money as low oil prices squeeze government's revenues
Mixed Blessings Face Gulf Economy with Oil-Dollar Tradeoffs
The strength of the US dollar against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region
Egypt Saved EGP 30b as Oil Prices Dip
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the government has set ...
Angolan Oil Sector Faces Tough Choices in Low Price Environment
Angola's Oil minister, Botelho de Vasconcelos, urged that his country's petroleum sector show a greater commitment with a view to meeting the new challenges of the oil industry
Nigerian Refineries Undergoing Overhauls
Port Harcourt Refining Company (PHRC) managing director Bafred Enjugu told AFP that Nigeria was finally "domesticating" the refining of crude into products
