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Iran Eyes Three IPC Upstream Contracts By March 2017
...Iran is adopting a more realistic target for signing the first contracts under the Iran Petroleum Contact (IPC). It is aiming for two-to-three contracts to be signed by the end of the current Iranian year (20 March 2017) says Deputy Managing Director of the National Iranian Oil Company (NIOC) Gh...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Sabic Agrees Principles For China Coal-To-Chemicals JV
...ll process coal produced locally in Ningxia to produce chemicals aimed at “highly differentiated applications and segments through polymer derivatives.” SNGC is already building a coal-to-chemicals plant in Ningxia. This is scheduled for start-up in 2017 and will incorporate a 1.4mn tons/year cr...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Iraq’s Embattled Government Under Fresh Pressure
...ess conference on 23 August, that the cabinet was ahead of schedule on budget planning and had met that day to discuss the 2017 budget (MEES, 26 August). In a separate statement from his office, he committed to sending the budget to parliament by mid-September. The 2017 budget will be set at an oi...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
LIA Litigation
...re than $200mn. The claims are “without merit,” says Goldman. The High Court ruled in late July that LIA’s lawsuit against SocGen will be delayed from January 2017 to April after lawyers representing the bank petitioned for more time to complete preparatory work on the case. They cited the on...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
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