Oil Prices | Egypt Oil & Gas - Part 32
GCC Feels Oil Price Squeeze, Non-Oil Exports Still Strong
The Gulf Cooperation Council (GCC) countries such as Oman and Qatar are facing considerable pressure from the slump in oil prices, as they are heavily dependent on oil and gas revenues, a new report said. Oil prices h...
Russia Embracing GCC, Islamic Finance After Oil-Gas Revenues Shrink
As Russian economy shrinks due to sanctions and falling oil revenue, the country is seeking to strengthen its trade ties with the UAE and other Gulf countries. The trade figures between the two countries stand at $2 b...
BP Oman Khazzan Project Continues Despite Global Cutbacks
BP Oman will complete 16 wells in the Khazzan tight gas field and will have at least nine rigs in operation by the end of this year, in line with its commitment to meet a 2017 target to deliver first gas, said a senio...
Third Tank World Expo to be Hosted in Dubai, April 13-14
International industry leaders will come together in Dubai this month to debate the increasingly critical issue of global oil storage and its impacts on the Middle East oil and gas industry, as countries around the wo...
Drills and Capex Sacrificed by KMG EP Due to Oil Prices
KMG EP has revised its 2015 budget and capital expenditure is expected to be $457 million, which is $164 million, or 26%, less than the capital expenditure plan for 2015 approved in December 2014. This is 34% lower th...
Petroleum Ministry: MIDOR’s 2014 Results Endorsed
Sherif Ismail, Minister of Petroleum and Mineral Resources, headed the proceedings of (Middle East Oil Refinery) MIDOR’s General Assembly to endorse its 2014 results. Also present was EGPC head Tariq El-Molla and Abel...
Qatar Riding Out Oil Price Slump Better Than Rest of GCC
Recently released stats expose the effects of the plunge in oil prices on the fiscal systems of the Gulf Cooperation Council (GCC) economies. However, it is fair to claim that the Gulf countries at large are demonstra...
Oil Prices Narrowing UAE Profit Margins for All Sectors
Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate’s economy, on Thursday said its 2014 net profit fell 28.7% due to lower income from financial investments and impairments on oil and ...
