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The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector.
Read More »Russia’s New Oil Tax Bill Promises a Big Change. but Limited Scope
IMF Warns Arab States over Complacency over Debt
MENA countries need to create 25 million new jobs over the next five years.
Read More »Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Norway Stops Making Withdrawals from Its $1 Trillion Wealth Fund
The government will release its revised budget for this year on May 15.
Read More »President: Indonesia Hadn`t Invested Enough in Exploration
Indonesia announced four winners from five blocks in a direct offer tender on Wednesday.
Read More »Cyber Attacks on US’s Energy Sector ‘Scary’
In 2012. Saudi Aramco production was locked down during the disk-wiping Shamoon incursion.
Read More »Russian Oil Flows Faster into China
Russia’s crude shipments into Europe via the Baltic and Black Seas are due to fall by an average of 19% year-on-year in the first five months of 2018.
Read More »Aramco Appoints First Woman to the Board
Elsenhans was named by Forbes as one of the world’s most powerful women in 2008.
Read More »Cyprus-Egypt Gas Deal Expected Soon
Egypt is moving towards self-sufficiency in gas and becoming the Middle East’s energy hub.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
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