Oil Prices | Egypt Oil & Gas - Part 25

Oil Prices | Egypt Oil & Gas - Part 25

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.

Financial Fine Tuning Called for to Ride Out Oil Price Waves

With oil prices slowly recovering from the dramatic fall last summer, chief financial officers (CFOs) working in the sector can galvanise the finance function in the fight to future-proof their business

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.

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