Oil | Egypt Oil & Gas - Part 46
Russia May Raise Oil Taxes
The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg reported. Russia, which relies on oil revenues for about 50% of its revenues...
Egypt’s Petroleum Minister: Foreign Partner’s Monthly Oil, Gas Shares Declined by 26%
New Minister of Petroleum and Mineral Resources Tarek El Molla said that the value of foreign partners’ share of oil and gas declined by 26% from $880m in FY 2014/2015 to reach $650m per month during current FY 2015/2...
Tarek El-Molla to be Egypt’s New Petroleum Minister
Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned. The announcement was made this morning at the presidential palace. As Sherif Ismail appointed his entire c...
$6b for Bahrain Refinery and LNG Tenders, Minister Says
Bahrain will start tendering major oil and gas projects worth more than $6b over the next few months, Energy Minister and National Oil and Gas Authority (Noga) chairman Dr Abdulhussain Mirza told delegates at the thir...
Uganda Pipeline Project May Detour to Tanzania
Uganda’s long-awaited pipeline through Kenya has hit another snag after Uganda’s government announced that it is still considering a pipeline through Tanzania to export oil if it proved cheaper than altern...
East Libya Government Threatens to Stop Oil Shipments
The East Libyan government has announced it may prevent oil shipments if the deals are negotiated through Tripoli, Bloomberg reported. Libya has been divided into two rival governments for more than a year after the I...
Omani Corruption Trail Leads to Switzerland
The Swiss attorney general’s office has confirmed that it is helping Oman investigate alleged corruption in the country’s national oil company and oil ministry, announced swissinfo.ch. In an email message to swissinfo...
Nigeria Resumes Crude Exports to US
After flows of Nigerian crude to the US during past June and July were partly driven by high prices for domestic light sweet crudes, in September a few Nigerian cargoes were heading to US refineries, according to a tr...
