Oil Prices | Egypt Oil & Gas - Part 24
Oil Price Crunch May Force Reform of Gulf Arab Oil Finances
A Standard & Poor’s Rating Services report cited by Gulf News warned that low oil prices will adversely affect the banking sector in the Gulf Arab states.
Saudi Spending Spree Unabated by Oil Prices, Argue Some
There are conflicting reports emerging over the financial state of the kingdom of Saudi Arabia thanks to Brent price of oil sinking to below $50 a barrel.
Nigeria to Shift Gears to Agriculture in Fight Against Oil Corruption
Nigeria’s democratically elected President Muhammadu Buhari plans to split the Nigerian National Petroleum Corp. in two, creating a regulator and a vehicle for investments, said Femi Adesina, a presidential spokesman ...
GCC States Keen on Wage and Financial Reforms in Low Price Era
According to Trade Arabia Kuwait is embarking on public sector wage reforms, with a bill awaiting National Assembly approval
Angolan Maritime Oil Sector Reaching Out to China and UK
British oil company Ceona has established a “strategic partnership” with Interoil Angola, the company said in a statement on its website,
VAT May Follow Gulf Fuel Subsidy Reforms
Value added tax (VAT) is being actively considered in many GCC countries and Egypt
Kuwait to Spend $11.5 Bn to Build Middle East’s Largest Refinery
Kuwait National Petroleum Co (KNPC) awarded 3.48 billion dinars ($11.5 billion) worth of contracts on Tuesday to build the al-Zour oil refinery,
UAE May Lead the Way for GCC States over Diesel Reforms
The United Arab Emirates has become the first Gulf state to take a major step towards taming the gas-guzzling habits of its drivers, who see cheap fuel as part of their birthright.
