Oil Prices | Egypt Oil & Gas - Part 23
Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves
Mexico is willing to work with OPEC if the group tries to stabilize crude markets and level out oil prices, Iran’s Oil Minister Bijan Namdar Zanganeh said after talks with Mexico’s labor secretary Alfonso Navarrete Pr...
Spain Capitalizes on Cheap Energy, Eager for Iranian Crude
Iran announced its readiness to export crude to Spain, reported Press TV. “We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iran...
Ghana Sending Contradictory Signals Over Oil Prices and Investments
According to Bloomberg Ghana is taking steps to avoid missing its fiscal deficit target this year thanks to pressure from falling oil prices. The government announced that it had lowered its growth forecast for this y...
Nigeria Feels Squeeze of Oil Price Plunge, Africa Suffers Too
The halving of crude prices has struck at the heart of Nigeria’ state finances, reveals Bloomberg, with no facet of the country’s oil revenues left unscathed. This includes, it emerges, Nigeria’s sov...
IMF Calls on Africa to Cut Fuel Subsidies, Diversify, Exert Fiscal Discipline in Low Oil Price Era
David Robinson, the IMF vice-director, has called on the African nations to adopt a package of policies to better ride out the ill-effects of the collapse of oil prices, reported NAIJ.com. These policies include budge...
Oilfield Expansion Projects Delayed in Saudi Arabia
The planned expansion of the Khurais oilfield in Saudi Arabia has reportedly been delayed beyond the original 2017 schedule, said Gulf Digital News. “The project is important because of the associated gas that c...
Oil Prices and Saudi Boom and Islamic Finance Cycles
Rising oil output boosted Saudi Arabia’s economic growth to its fastest pace in over a year in the second quarter of 2015, according to data released by the country’s state statistics department. GDP expan...
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 deepw...
