Oil Prices | Egypt Oil & Gas - Part 23
Update 1: Eni Provides Full Report on Mega-Gas Find in Egypt
The Ministry of Petroleum and Mineral Resources announced in a press release that the petroleum Minister, Sherif Ismail, received a report from Eni Chief Executive Claudio Descalzi concerning the company's deepwater ...
Falling Brent Prices Push IOCs to Cut Production in Egypt
The Ministry of Petroleum announced the stabilization of crude oil production at 695,000 b/d during the current fiscal year in the context of foreign partners continuing to reduce their exploration investments.
Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure
Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.
Saudi Forging Ahead with Industrial Projects Despite Stock Declines
United Arab Emirates stock markets slid in early trade on Sunday in response to further weakness in oil prices
Algeria Trying to Move OPEC and Other Oil Producers to Control Prices
Informed sources told the Wall Street Journal that Algerian Oil Minister Salah Khebri had written to OPEC warning that a new drop in oil prices may warrant fresh discussions over the organization's strategy.
Daniel Yergin to Talk at Largest Ever Adipec Conference
Energy expert Daniel Yergin will deliver the keynote address at The Abu Dhabi International Petroleum Exhibition and Conference (Adipec)
GCC VAT Moves Delayed but UAE Forging Ahead
“An immediate announcement will be made once a final agreement on imposing a VAT law is reached,” said the UAE's Finance Ministry in a statement
Kuwait Expanding Power Projects, Renewables, Amidst Oil Price Pressures
The Kuwaiti Finance Ministry has approved the construction of a series of projects worth $9.9 b including power plants and desalination facilities and other infrastructure projects
