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Aramco Royalty Rate Set To Soar If Brent Tops $100
...That Saudi Arabia’s finances are benefiting from higher oil prices is a given. But Aramco’s floating royalty rate means that the government stands to profit immeasurably should Brent top $100/B for the first time since September 2014. As oil prices rise well beyond $90/B and near-term pr...
Volume: 65Issue: 06Published at Fri, 11 Feb 2022 -
Algeria’s Sonatrach: New CEO, Same Old Challenges
...UINOR, MEES CALCULATIONS. 2: ALGERIA'S OIL & GAS REVENUES HAVE SLUMPED SINCE THE 2014 CRASH IN OIL PRICES BUT STILL MAKE UP NEAR-40% OF OVERALL BUDGET REVENUES SOURCE: IMF, ALGERIA FINANCE MINISTRY, MEES. 3: ALGERIA'S GAS EXPORTS (BCM) ARE LOWEST SINCE 1995, WHILE OUTPUT HAS SL...
Volume: 63Issue: 06Published at Fri, 07 Feb 2020 -
Morocco: QP Boost
...major’s share to 45%. Moroccan state Onhym retains 25%. Chevron signed up to explore the three virgin blocks in early 2013 (MEES, 1 February 2013). It undertook 2D seismic in 2014 and 3D last year. Chevron’s entry – the first major in the Moroccan offshore – was followed by BP (MEES, 18 Oc...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Egypt: Is Gulf Cash Enough To Counter Gas Collapse?
...ough since the first half of last year, standing at $1.1bn, with $900mn overdue at the end of 2015. The number has risen since the end of 2014, when it stood at $920mn. Total receivables were $3bn at end-2015, according to official Egyptian figures, up from $2.7bn at the end of October. The firm ha...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
The $100bn-Plus Cost Of Syria’s Civil War
...bn. This is almost as large as Syria’s pre-war GDP, the Bank notes in its latest Mena Quarterly Economic Brief. In addition, damage caused by the war to the “capital stock” in Syria between 2011 and 2014 was estimated at $72bn, the World Bank said, quoting a report by the local Syria Center for Po...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Saudi Deficit Financing ‘Straightforward,’ For Now
...x). Indeed, if SAMA’s reserves continue to be drawn down at the $120bn rate they were in 2014 they will be exhausted by the end of 2020. According to the 2016 budget decree, foreign borrowing options are also considered in order to avoid crowding out credit to the private sector. The in...
Volume: 59Issue: 06Published at Fri, 12 Feb 2016 -
Iraq’s 2015 Budget: A Catalyst For Better Relations With Erbil
...der the budget law all revenue derived from these exports will be considered as revenue for the Iraqi federal treasury. Based on these projections oil revenue in the budget is put at ID78,649bn ($67.5bn), or 83.6% of total revenue. Kuwait’s agreement at the end of 2014 to give Iraq a one-year su...
Volume: 58Issue: 06Published at Fri, 06 Feb 2015 -
IMF Approves $507Mn Credit To Tunisia
...netary target, Ms Shafik pointed out. Furthermore, the end-December primary deficit was lower than programmed, mainly as a result of under execution of the budget and deferred cash payments. The IMF official also noted that fiscal consolidation for 2014, which had been postponed to allow space for pr...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Jordan’s Budget Challenges: Energy And Refugees
...JORDAN Jordan’s Budget Challenges: Energy And Refugees The Jordanian government will face three main challenges in its 2014 budget – the energy bill (given that the kingdom imports more than 90% of its needs and its energy bills absorb 40% of the state budget), the cost of...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Dubai Securities
...r investments, she says. IMF Points To 4.5% UAE Growth UAE real GDP growth is expected to remain firm at 4.5% in 2014, unchanged from a similar estimate for 2013, the IMF said on 30 January following a mission to the UAE led by Harald Finger. The economy is supported by “tourism, ho...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014