Middle East Economic Survey

VOL. LII

No 44

2-Nov-2009

REGIONAL

BG Sees 32% Fall In Q3 Revenues

Third quarter revenues for UKS BG Group were down by 32% from last years figures, at 2,249mn ($3,672mn) compared to 2008s 3,291mn ($5,373mn), the firm announced 28 October. The decline in quarterly earnings was mostly due to significant drops in commodity prices such as oil, which fell by 41%, and Henry Hub, which dropped by 62%. But the impact of these falls was partially offset by a 5% increase in third...