taxes | Egypt Oil & Gas
Egypt Gains EGP 930 MM from Sukari Mine Taxes
The General Manager of Centamin Egypt, Youssef El Raghy, announced that Egypt received a total amount of taxes exceeding EGP 930 million from Sukari gold mine, since the start of operation and until the last of Decemb...
Parliament Considers Changes to Industrial Natural Gas Prices
The Parliamentary Committee on Industry is considering proposals for re-pricing the natural gas sold to industrial purchasers and eliminating the property taxes on factories, Al Shorouk Newspaper reports. The committe...
Saudi Arabia Cut Aramco Income Tax
Saudi Arabian government issued a royal decree to decrease the income tax paid by Saudi Aramco from 85% to be 50% in order to facilitate the company’s initial public shares offering (IPO) that will be process...
Morocco Refiner Samir Appeals Court Decision on Liquidation
Morocco’s oil refiner, Samir, has lodged an appeal against a recent court decision that placed it into liquidation and named an independent trustee to run the company, the refiner’s lawyer said, Reuters re... Morocco’s Sole Refiner Samir Issues Profit Warning
Morocco’s sole oil refiner, Samir, issued a profit warning saying that its 2015 results are expected to show a widening loss after production was halted last year and its bank accounts were frozen, Reuters repor...
MENA Oil Exporters Lost Over $340b from Oil Slump
Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, amounting to 20% of their combined gross domestic product, according to the Internatio...
Norway Mulls Withdrawals from Oil Fund
As its currency slumps, Norway is considering withdrawing from its massive sovereign wealth fund, reported Bloomberg. Long reliant on high energy prices, the Scandinavian country has seen government tax revenues from ...
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 reported. Russia, which relies on oil revenues for about 50% of its revenues...
