Saudi Kayan Posts $116.3m Losses for First Time

• Thursday, 14th January 2016
• by Egypt Oil & Gas

Saudi Kayan Petrochemical Co. reported a net loss of $166.3m in Q4 of 2015, the largest loss Kayan had suffered since it was first listed in 2007.

Oman Takes Long-Awaited Fuel Price Reforms

• Tuesday, 12th January 2016
• by Egypt Oil & Gas

Oman has announced it will rise gasoline prices as of mid January. The move has been ascribed to the impact of persistently low oil prices.

Oman Preparing for Tough Round of Subsidy Cuts

• Thursday, 8th October 2015
• by Egypt Oil & Gas

Gulf News was able to learn that the Sultanate of Oman will cut fuel subsidies beginning next year.

Bahrain Subsidies Hit by Oil Prices

• Sunday, 4th October 2015
• by Egypt Oil & Gas

Bahrain more than doubled the prices of beef and chicken, removing meat subsidies to save money as low oil prices squeeze government's revenues

Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure

• Thursday, 27th August 2015
• by Egypt Oil & Gas

Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.

Fuel Smart Card System to Take Effect from June 15

• Sunday, 3rd May 2015
• by Egypt Oil & Gas

Egypt will begin rolling out a smart card system for subsidised fuel from June 15, the head of the firm overseeing the project said, part of plans to reduce costly energy subsidies over time.

Bahrain to Up Gas Prices With Subsidy Reforms on Other Fuels

• Thursday, 2nd April 2015
• by Egypt Oil & Gas

Companies will pay more for gas from today (April 1), the National Oil and Gas Authority (Noga) announced yesterday.