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Saudi Oil Export Revenues Hit Three-Month High In June
...orage hub at Egypt’s Sidi Kerir for onwards export) averaged 325,000 b/d last quarter according to Kpler, the highest such figure in records back to 2017. This helped drive an increase in total export revenues from European sales in Q2 to $9.9bn, the highest quarterly figure since the same period la...
Volume: 68Issue: 35Published at Fri, 29 Aug 2025 -
Oman Oil Exports Revenues Hit New Record
...the 2017 expansion of its Sohar refinery to 197,000 b/d in 2017 (MEES, 11 February 2017). Products export revenues more than doubled in May to $680mn. While this was just a fraction of crude export revenues, it smashed the previous record of $360mn.The planned Q1 startup of the 230,000 b/d Duqm re...
Volume: 65Issue: 35Published at Fri, 02 Sep 2022 -
Algeria’s Oil & Gas Revenues ‘To Hit $30-33bn’ For 2021
...94.8bcm and 94.5bcm set in 2016 and 2017 respectively. Higher output is also translating into higher exports, with first half supplies at 28.8bcm almost double last year’s 15.6bcm. All of this is happening at a time when global gas prices have soared on the back of strong demand and co...
Volume: 64Issue: 35Published at Fri, 03 Sep 2021 -
Saudi First Half Export Revenues Slump $6bn
...surprisingly therefore, oil revenues have fallen accordingly (see chart 2). They threaten to fall below $50bn/quarter for the first time since late 2017. The latest trade stats also further highlight the government’s struggles to end Saudi Arabia’s “addiction to oil” as Crown Prince Mohammad pledged in 20...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Algeria Halves Trade Deficit, Thanks To Higher Oil Prices
...): DEFICIT ON TRACK TO FALL TO $4.2BN FOR 2018 BUT OIL & GAS DEPENDENCE STILL WELL OVER 90% F =FORECAST. PRESUMES OIL PRICES IN LINE WITH CURRENT LEVELS FOR REMAINDER OF 2018. R=REVISED FROM PREVIOUSLY PUBLISHED FIGURES. *GAS EXPORT FIGURES ARE FOR 1H 2018, 2017, OIL EXPORTS FOR JAN-APR. **CH...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Iran: Rohani Under Fire As Economic Pressure Mounts
...Seif, is again being made the scapegoat for Iran’s economic ills, in a country where key economic policy decisions are known to be taken at the highest level by the political and religious hierarchy. Since December 2017, public anger over living costs, unemployment and corruption have triggered sp...
Volume: 61Issue: 35Published at Fri, 31 Aug 2018 -
Iran Eyes $30bn EU Credit After $13bn Korea Deals
...ndensate splitters at the Siraf Refineries Park in the Assaluyeh region (MEES, 23 June). Iran needs massive amounts of money for investment following over a decade of international sanctions and isolation from international financial markets. Under its sixth five-year plan for 2017-22 Iran’s oil in...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Saudi-China $20bn Fund
...passing the Malacca Straits. The idea is that Aramco will ultimately supply the bulk of the refinery’s crude feedstock. Long China’s top supplier, Saudi Arabia has been relegated to third place behind Russia and Angola for the first seven months of 2017 (see p7). However, “the goal is not only that th...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Egypt Plans VAT At 13% From 1 October
...% from July 2017, the start of the next fiscal year. Parliament wanted to introduce this tax at a rate of 12% while the government insisted on its initial plan to set it at 14%, but at the end the above compromise was reached at the suggestion of Finance Minister ‘Amr al-Garhy. The government’s fi...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Saudi Arabia Says No To Subsidy Reform
...GDP. “The policy response has been limited and primarily consists of a reduction in capital spending that will take time to gain traction,” Fitch says, adding that deficits in mid-single digits are also forecast for 2016 and 2017, “assuming reduced capital spending, the absence of new one-off ou...
Volume: 58Issue: 35Published at Fri, 28 Aug 2015