Petrojet Revenues Hit New Record High
The surge in revenues is attributed to the unprecedented volume of contracts that were signed last year, which totaled EGP 40 billion.
Revenues | Egypt Oil & Gas - Part 10
Nigeria’s Oil, Gas Sales Reach $3.46b
Nigeria has earned about $3.46b in oil and gas revenues between July 2015 and June 2016, with a total of $2.3b coming from crude oil proceeds and $1.17b from gas sales.
Iraqi Oil Export Increased in July
Iraq's oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues.
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.
Russia’s Gazprom Expects Around $28b Revenues in 2016
Russia's Gazprom expects revenues to be at around $28b this year if the rouble rate averages 65 per US dollar.
TAQA Using Indian Operations to Bolster Revenues
Abu Dhabi National Energy Company (TAQA) has begun selling electricity from its hydro-power project in northern India.
Nigeria Losing Out Due to Subsidies, Crude Prices
The Nigerian National Petroleum Corp. recorded a loss of $1.9b in the first eight months of this year thanks mostly to fuel subsidies
Iraqi Debts Prompt Request for Oil Companies to Reduce Spending
Iraq has formally asked oil companies investing in the country to reduce their 2016 spending plans by September 30, citing lower oil prices and government revenue Taqa Layoffs Still Not Enough to Stem Sliding Profits
According to Bloomberg Abu Dhabi’s Taqa has had to lay off 22% of its oil and gas jobs over the past year, with spending to be cut by 2.5 billion dirhams ($681 million) this year after.
