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Latest News for: Oil ministry
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Saudi Arabia revises growth forecast for 2023 and 2024 as spending rises
The National 01 Oct 2023
The kingdom expects real gross domestic product to grow by 0.03 per cent this year, “due to a voluntary reduction in oil production”, compared with a previous growth estimate of 3.1 per cent, a preliminary budget statement from the Ministry of Finance showed on Saturday ... Saudi economy expands 1.2% in second quarter on non-oil sector boost.
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Niger Delta Groups Urge Tinubu to Completely Clean-up Ogoniland
This Day 01 Oct 2023
Rights and Anti- Corruption and Movement for the Survival of the Ogoni People, MOSOP have urged the Federal Government of Nigeria, led President Bola Ahmed Tinubu, through the Ministry of the Niger Delta Development, on the need to clean up oil spills in Ogoniland, Rivers State and bring more development to the area.
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Saudi Arabia projects a $21 billion deficit in 2024
Gulf News 01 Oct 2023
Saudi Arabia expects to post a slimmer budget next year as the government attempts to balance oil markets through production cuts. The Kingdom’s Finance Ministry said in a ... Spending in 2024 is projected at 1.25 trillion riyals with revenue of 1.17 trillion riyals, the ministry said.
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New footage shows US smuggling stolen Syrian oil to northern Iraq
Press TV 01 Oct 2023
In a statement released in August 2022, the Syrian Oil Ministry accused occupying US forces and their mercenaries of “stealing up to 66,000 barrels every single day from the fields occupied in the eastern region,” amounting to around 83 percent of Syria’s daily oil production. US occupation plunders Syrian oil to support, finance terrorists.
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Gas price for Reliance cut by 18% to $10; rate for gas that feed CNG, PNG supplies unchanged at $6.5
Financial Express 01 Oct 2023
For the six-month period starting October 1, the price of gas from deepsea and high-pressure, high-temperature (HPTP) areas has been cut to USD 9.96 per million British thermal unit from USD 12.12, oil ministry’s Petroleum Planning and Analysis Cell (PPAC) said in a notification.
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Russian energy revenues set to rise – Finance Ministry
Russia Today 30 Sep 2023
Russia’s revenues from oil and gas exports could surge by almost a third next year, the country’s Finance Ministry stated in a budget policy document published on Thursday. According to the ministry’s forecast, Russia’s proceeds from oil and gas sales are set to rise by 30% in 2024, from $91 billion to $118.2 billion.
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Russian energy revenues set to rise Finance Ministry
Beijing News 30 Sep 2023
Russia's revenues from oil and gas exports could surge by almost a third next year, the country's Finance Ministry stated in a budget policy document published on Thursday. According to the ministry's forecast, Russia's proceeds from oil and gas sales are set to rise by 30% in 2024, from $91 billion to $118.2 billion.
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Iran sends oil tankers abroad under U.S. eyes: deputy minister
China.dot.org 30 Sep 2023
30 (Xinhua) -- Iran's Deputy Oil Minister Morteza Shahmirzaei said on Saturday Iran sends its oil tankers to other countries right before the U.S ... sanctions on Iran's oil exports, according to the Shana News Agency affiliated with the Iranian Oil Ministry ... The sanctions have mainly targeted Iran's oil sectors and banks.
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Xinhua Middle East news summary at 2200 GMT, Sept. 30
China.dot.org 30 Sep 2023
- - - - ... - - - -. TEHRAN -- Iran's Deputy Oil Minister Morteza Shahmirzaei said on Saturday Iran sends its oil tankers to other countries right before the U.S. warships' eyes ... sanctions on Iran's oil exports, according to the Shana News Agency affiliated with the Iranian Oil Ministry. (Iran-Oil Tanker-U.S.
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Oyetola: Ports Set to Begin Full Automation, Cargo Tracking
This Day 30 Sep 2023
He, therefore, called on investors to take advantage of the opportunities and partner with the newly created ministry to drive development ... He also said the federal government is keen on the diversification of the Nigerian economy away from the oil industry, hence, it was intentional when it created the new Ministry of Marine and Blue Economy.
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Government raises windfall tax on crude oil to ₹12,100 per tonne
Live Mint 29 Sep 2023
The union finance ministry on Friday raised the windfall tax on locally produced crude oil to ₹12,100 per tonne.For the past two weeks, it was at ₹10,000 per tonne.Further, in the notification, the ministry said that the levy on sale of diesel has been decreased from ₹5.5 per litre to ₹5 per litre and from ₹3.5 per litre to ₹2.5 per litre on ATF.
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Humans displaced, habitats disturbed - but Uganda pushes ahead with oil pipeline
The National 29 Sep 2023
For millions of Ugandans earning only $1,000 a year, the prospect of being dragged out of poverty by the world’s largest heated oil pipeline is enticing ... Bob Natifu, assistant commissioner at the climate change department of the Ministry of Water and Environment, said oil discoveries had the potential to improve lives.
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