Thursday 28 July 2016
 
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hydrocarbons

Occidental Oman to explore hydrocarbon options in Block 53

Occidental Oman (Oxy), the largest independent oil and gas producer in the Sultanate, plans to uncover the hydrocarbon potential in its Block 53 licence, a report said. “Recently we have started our exploration programme whe

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Kuwait's hydrocarbon wealth supports its economy

Kuwait's ample hydrocarbon assets will also provide a buffer allowing its public finances to withstand the impact of lower oil prices, said an industry expert. "Kuwait's government revenues are sensitive to oil price

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Kuwait's hydrocarbon wealth supports its economy

Kuwait's ample hydrocarbon assets will also provide a buffer allowing its public finances to withstand the impact of lower oil prices, said an industry expert. "Kuwait's government revenues are sensitive to oil price

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Oman, Bahrain ‘most affected’ by oil price slump

While lower oil prices affect all GCC countries, they do not react the same way, an industry expert said, highlighting that Oman and Bahrain are the most affected, whereas Saudi Arabia, UAE, Kuwait and Qatar are less impacted.

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Majority of Mena sovereigns stable: S&P

Nine out of the 12 Mena sovereigns currently have a stable outlook despite the still-challenging political and economic backdrop, a Standard & Poor’s report said. Bahrain and Saudi Arabia have negative outlooks, while Eg

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Oman Oil to drill two new exploration wells

Oman Oil Company Exploration & Production (OOCEP), the wholly owned upstream subsidiary of Oman Oil Company, plans to drill two exploration wells targeting hydrocarbon prospects in the east of the sultanate, a report said. OOC

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Oman Oil to drill two new exploration wells

Oman Oil Company Exploration & Production (OOCEP), the wholly owned upstream subsidiary of Oman Oil Company, plans to drill two exploration wells targeting hydrocarbon prospects in the east of the sultanate, a report said. OOC

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Lower oil prices may spur the Gulf to diversify

Low crude production costs and fiscal breakeven prices will support the GCC in a period of low oil prices increasing the pressure to diversify away from the hydrocarbon sector, a report said. Because of the region’s accumula

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Flat hydrocarbon growth to limit GCC economy

The GCC will see a real GDP growth of 2.8 per cent in 2015, slowing from 4 per cent in 2014 on account of flattish hydrocarbon production and softer non-hydrocarbon sector activity, a report said. Real GDP growth in Saudi Arabia w

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Kuwait Energy finds new hydrocarbon site in Egypt

Kuwait Energy, an independent oil and gas company, and its partner the Egyptian General Petroleum Corporation (EGPC), have announced the discovery of hydrocarbons on the East Ras Qattara development lease in Egypt. The exploration

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