Oil Prices | Egypt Oil & Gas - Part 20

Oman Preparing for Tough Round of Subsidy Cuts

Gulf News was able to learn that the Sultanate of Oman will cut fuel subsidies beginning next year.

Nigerian President Relies on Oil Officials in Fight Against Corruption

Nigerian President Muhammadu Buhari is packing his new cabinet with figures from the oil industry

Russia and Saudi Arabia Talk Oil Prices, Shale, OPEC

Russia's energy minister told reports on Tuesday of his talk with his Saudi counterpart last week in Istanbul during the G20 energy ministers meeting

Aramco Holding Market Share by Decreasing Prices

Saudi Arabia has reduced its official selling price for Medium grade crude to Asia for November to a discount of $3.20 a barrel

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 ...

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