prices | Egypt Oil & Gas - Part 5
Nigeria to Reduce Petrol Price in 2016
Nigeria will reduce gasoline costs and scrap a fuel subsidy under a pricing mechanism to come into effect from January.
Adnoc’s LPG Cylinder Prices on the Rise
The UAE's Adnoc Distribution announced its new retail price of unsubsidized LPG cylinders last week, rising to$12.5 per 25lb cylinder.
UAE’s Fuel Prices and Petrochems Move in Opposite Directions
The UAE ministry of energy announced it will again lower domestic prices for gasoline and diesel in December.
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
Revolving Door Layoffs at Liberian National Oil Company
A shakeup is taking place at National Oil Company of Liberia (NOCAL), reportedly to keep the company financially afloat
Ghana Economy Reels from Low Oil Prices
Oil has gone from savior to curse for Ghana.
The Rise and Decline of SABIC Petrochemicals Profits
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.
New Study Assesses Energy Subsidies in Egypt
A year after the government cut energy subsidies, including electricity, fuel oil and natural gas, the Egyptian Center for Economic Studies (ECES) released a study on the effects of the energy subsidy reform.
