Oil Prices | Egypt Oil & Gas - Part 25
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. This would restructure job classifications, standardize pay across the public sector and in...
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, as reported by Macauhub. Bill Hickie, vice president for business development a...
VAT May Follow Gulf Fuel Subsidy Reforms
A number of governments in the Middle East and North Africa (Mena) region have undertaken various forms of subsidy reforms to boost government finances in the context of sharp decline in oil prices and subsequent cont...
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, which would be one of the largest in the Middle East, Kuwaiti state news...
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. The UAE said it would raise domestic...
Low Oil Prices Threaten UAE Budget Crunch
The government of the United Arab Emirates is expected to cut spending by 4.2% this year as it begins to retrench because of low oil prices, which are slashing its energy export revenues, a central bank report said on...
Iran Nuke Deal Reached, Governments and Corporations Measure Ramifications
Iran and six world powers reached an agreement on Tuesday to lift sanctions against the Islamic Republic, and while U.S. and Iranian leaders have heralded the deal as a victory, the real winners could be corporations ...
Iran’s Tentitave Moves into the Shale Era
Iran has found possible oil shales in southeast Kerman and northern Semnan as the country is trying to figure out an estimate of its unconventional hydrocarbon reserves. “Preliminary explorations have found three or f...
