Revenue | Egypt Oil & Gas - Part 2
ADES Announces 17.5% Annual Revenue Growth
The Advanced Energy Systems company (ADES) has announced revenues of $157.6 million in 2017, a 17.5% year-on-year (Y.o.Y) increase from 2016, Offshore Energy Today reported. The Egyptian company’s revenues incre...
NBE to Manage Cash Revenues of Zohr
Head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz EL Regal, signed an agreement with National Bank of Egypt (NBE) Board of Directors’ Chairperson, Hisham Okasha, to allow the latter to manage c... Libya Earns $14B in Oil Revenues
Libya has earned $14 billion in oil revenues in 2017, which is tripling the 2016 $4.8 billion oil revenues and allowing to halve Libya’s budget deficit, the Central Bank of Libya announced, according to Hellenic Shipp...
Nostra Terra to Start Collecting East Ghazalat Revenues
UK’s Nostra Terra, a fast-growing oil and gas exploration and production company that focuses on established hydrocarbon provinces in the US and Egypt, has confirmed that its subsidiary, Independent Resources Egypt (I...
Nigeria Striving to Make Up for Budget Shortfalls
Nigeria might use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if government revenue projections are not met, Finance Minister, Kemi A...
Oman Bolstering Oil Profits Through Subsidy Reforms
Oman revenues from oil amounted to 1.7 billion Omani riyals (Dh16.21 billion) during the first quarter of this year, according to the latest government financial figures. The figures revealed a drop in net oil revenue...
Oil Prices Force Kuwait’s Hand Over Corporate Tax, Talking to IMF
Kuwait has sought help from the International Monetary Fund (IMF) to introduce corporate taxes in a bid to diversify revenue in the face of falling oil prices, a senior government official said. “The IMF will pr...
