Oil Prices | Egypt Oil & Gas - Part 35

Oil Prices Strain Gulf Arab Budgets, Retard Growth

Experts say a majority of key oil exporting Arab countries could face a budget deficit of at least $122 billion in 2015 as the result of the falling oil prices.

Iraq Selling Crude to Asia Below Middle East Benchmark

Iraq narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, joining other Middle East producers in raising official selling prices amid signs demand is improving.

Kuwait: Shale Oil Decline Ups Prices, Near Future Still Uncertain

A drop in shale oil production has triggered a rebound of global oil prices, but prices will not rise sharply as long as the world's economy stays sluggish, Kuwaiti Oil Minister Ali Al-Omair was quoted as saying

Oil Prices Shift Gulf Arab States to Tech Start-Ups

The U.A.E.’s leadership declared 2015 the “year of innovation,” reflecting aspirations of the Gulf Arab nations to diversify away from oil.

Bahrain to Use MEOS Conference as Platform for Sustainable Energy

Massive projects currently underway will take Bahrain towards sustainable energy security, Energy Minister Dr Abdulhussain Mirza has said.

Kurdish Government Still Owes Genel $233 million

Genel Energy, one of the main oil producers in Iraqi Kurdistan, said it is still owed $233 million for oil it sold to the Kurdistan Regional Government (KRG) but is hopeful stable payments will start this year.

ExxonMobil Plans 16 New Oil, Gas Projects

Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillers ...

Crude Price Drop Boon to EnergyTEK Asset Acquisition

EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price.

Kazakhstan-China Oil and Gas MOU Signed

Tethys Kazakhstan SA, a subsidiary of Tethys Petroleum, has signed an MOU with PetroChina International Kazakhstan to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crud ...

Iran: Deep Water Exploration to Balance Oil Prices

An Iranian oil official said on Tuesday that Iran plans to undertake more deep-water exploration projects to increase the country's drilling capacity as well as balance the steady slump in oil prices.

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