Oil Prices | Egypt Oil & Gas - Part 25
Post-Sanction Iran May Push Russian Oil Out of the Way
In Iran’s push for a nuclear deal, it’s had few better allies than Moscow
IPIC Profits Gyrate Due to Low Oil Prices
Abu Dhabi's state-owned International Petroleum Investment Co (IPIC) reported on Wednesday a 37% drop in net attributable profit for 2014 as low oil prices hurt earnings.
Kuwait’s 5-Year Plan to Sustain Non-Oil Growth
Kuwait’s non-oil growth will maintain a steady 5% in 2015 and 2016 as project implementation improves
Qatar Petroleum Lays Off Workers, Scraps Insurance, Catering, Service Companies
Qatar Petroleum, the state-owned oil and gas giant, has reduced its staff numbers in a restructuring and decided to exit all non-core businesses
Low Oil Prices Prompt Iraqi Bond Issues
Iraq hopes to meet investors by the end of July to present plans for a $5 billion bond issue
Jobs and GDP Rising in Saudi, UAE Despite Oil Prices
The UAE and Saudi Arabia continue to witness growth despite lower oil prices, a report said, noting that the UAE even recorded high levels of job creation during May, while Saudi Arabia’s output and new orders expanded.
Update: Coal and Declining Oil Prices Help Reduce Fuel Subsidies, says El-Molla
“Oil subsidies during the current FY (to end June 30) amounted to 70 billion EGP, down from an estimated 100 billion EGP in the state budget,” Molla said.
Local Borrowing to Fund Saudi Deficit Prompted by Oil Prices, Experts Say
Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF).
