Revenues | Egypt Oil & Gas - Part 11
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, Reuters rep...
Saudi PetroRabigh Q2 Profit Slumps 79%
Saudi Arabia’s Rabigh Refining and Petrochemical Co. (PetroRabigh) recorded a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins, reported Reuters. Th...
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, Deputy Chief Executive, Alexander Medvedev, told reporters according to Reuters. However, he did not...
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, reported Reuters. This will provide the company with another revenue stream after its profits were...
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, reported Bloomberg. At least 73% of the loss was due to deficit spending by its Pi...
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, said Bloomberg. Abdul Mahdy Al-Ameedi, director of li... 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 2.5b dirhams ($681m) this year after. The reported cause, made by Taqa in an emaile...
Iran says gas export revenues to double
Iran’s gas export revenues are predicted to double once gas exports to Pakistan, Iraq, and some European countries start, the Mehr News Agency quoted Iranian deputy oil minister Javad Oji as saying. Currently, I... 
