oil revenue

  • NOC Posts Export Revenues of $45 MM for June

    NOC Posts Export Revenues of $45 MM for June

    Wednesday, 29th July 2020

    The National Oil Corporation (NOC) has posted export revenues of $45.5 million for crude oil, gas, and condensates in June, which is the lowest figures from the year so far.

  • Genel Energy Receives $8.5 MM from Kurdistan

    Genel Energy Receives $8.5 MM from Kurdistan

    Sunday, 21st June 2020

    Genel Energy, listed on the London Stock Exchange (LSE), has announced the receiving of payment from the Kurdistan Regional Government (KRG) for May’s oil sales.

  • Algeria’s New Economic Model to Counter Oil Revenues Slump

    Algeria’s New Economic Model to Counter Oil Revenues Slump

    Thursday, 28th July 2016
    OPEC member Algeria adopted a new economic growth model, as part of the North African nation's efforts to diversify its economy, which has been dependent on hydrocarbons revenues.
  • Annual Revenue of Iran’s Petchem Output to Increase by $5.1b

    Annual Revenue of Iran’s Petchem Output to Increase by $5.1b

    Wednesday, 20th July 2016
    Iran is to commence several petrochemical projects with $5.4b worth of investment by March 21st, 2017 and the annual value of the country's petrochemical products would increase by $5.1b.
  • Angola Projects Economic Decline Due to Low Oil Prices

    Angola Projects Economic Decline Due to Low Oil Prices

    Tuesday, 12th July 2016
    Angola's Finance Ministry has halved its economic growth forecast for this year and decreased government's expenditure amid the fall of oil prices which affected the state revenues.
  • ISIS Yearly Oil Revenue Halved

    ISIS Yearly Oil Revenue Halved

    Thursday, 12th May 2016
    The Islamic state's oil revenue has been cut down in half to about $250m per year as a result to air strikes, drop in oil price, and counter-smuggling efforts by neighboring countries.
  • MENA Oil Exporters Lost Over $340b from Oil Slump

    MENA Oil Exporters Lost Over $340b from Oil Slump

    Tuesday, 23rd February 2016
    Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, according to the International Monetary Fund (IMF) Chief. Reengineering tax systems could be an answer.
  • Unveiling the Truth About Nigeria’s Missing Oil Revenue Billions

    Unveiling the Truth About Nigeria’s Missing Oil Revenue Billions

    Thursday, 14th May 2015
    Just over a year ago President Goodluck Jonathan suspended me from my position as governor of the Central Bank of Nigeria after I questioned an estimated $20bn shortfall in oil revenues due to the treasury from the state oil company. As I said then, you can suspend a man, but you cannot suspend the truth. The publication last month of a PwC audit into the “missing billions” brings us a step closer to it.
  • One of Libya’s Rival Governments Takes Controls of Oil Revenue

    One of Libya’s Rival Governments Takes Controls of Oil Revenue

    Monday, 6th April 2015
    One of the two factions battling for control of Libya took steps on Sunday to divert incoming oil revenue away from the central bank and into its own new account, a steep escalation in the contest over the country’s vast wealth.