Sentences with phrase «by oil revenues»

The Islamic State (IS) is largely funded, it is often said, by oil revenues.

It's widely believed that ISIS is funded in large part by oil revenue.

«Carbon capture is helped by oil revenue, but it may not be enough.»

Not exact matches

In 2015, revenue for the 500 largest global corporations dropped 11.5 % to $ 27.6 trillion, owing to falling oil prices and in part by the surge in value of the U.S. dollar, which has stalled economic growth worldwide.

Driven by strong oil revenues, the rapid evolution engulfing Saudi Arabia today shows no signs of slowing down.

General Electric on Monday completed its buyout of BakerHughes Inc, merging it with its own oil and gas equipment and services operations to create the world's second - largest oilfield service provider by revenue.

It's this forbidding territory that Exxon (xom), under Tillerson, has turned into one of Russia's most lucrative oil provinces, affording Russia a crucial entry into the fast - growing oil markets of Asia, generating nearly $ 5 billion in tax dollars and other revenue for the government to date, and generally being, by Moscow's lights, a good corporate citizen.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

The oil and gas exploration and production company announced earnings that missed estimates by 25 cents and revenues that beat estimates.

Oil prices fell by another 24 % in the fourth quarter, as global supplies continued to outstrip demand, further eroding oil companies» upstream revenuOil prices fell by another 24 % in the fourth quarter, as global supplies continued to outstrip demand, further eroding oil companies» upstream revenuoil companies» upstream revenues.

The province's oil and natural gas revenue is projected to shoot up by 54 per cent to the highest level in three years, but those three years combined will be equal to what a good year used to be for Alberta's coffers.

These included overly optimistic economic growth and oil price assumptions; cutting the contingency reserve by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral changes to federal employees» sick leave benefits.

For example, master limited partnerships (MLPs) tend to have revenues that are driven by oil prices as the source of the cash flow.

Banks» revenue from both metals and oil is expected to increase this year as prices and volatility increase, Shahani said, with overall commodities - related revenue seen rising by around 10 percent.

If the construction of Energy East also does not put significant new supply into the world market, it will not have a material impact on the revenues collected by other oil producing nations either.

Looking back at the cost gap figure above, the potential revenue generated by EOR is only about $ 50 - 60 / ton, and that is in the best plays under the assumption of high oil prices.

This significant downward revision to growth in 2013 will have a major impact on government revenues, which will be only worsened by the fall in oil and gas prices over the last 12 months.

Buoyed by high oil revenue, the country enjoyed a robust current - account surplus that rose steadily from 2010 to 2012, according to World Bank figures.

The new contracts will come when oil is roughly half that price, a drop in value that could reduce pipeline operating revenue by millions of dollars a day and ruin the pipeline's business strategy.

The new calendar year has witnessed a sharp improve in revenue downgrades from oil and fuel firms, which have been strike by the cost of Brent crude a lot more than halving from its peak of $ 115 a barrel in June.

Bank revenues from commodities trading have soared since 2003, fueled by increasing global demand from emerging markets like China and India, requiring more oil, metal and raw materials.

Russia's economy grew at 7.2 % per year from 2000 to the peak of the global financial crisis in 2009, fueled by huge oil and gas revenues.

Other players in the oil and gas space, although not direct competitors of Conoco, are also larger by annual revenue.

Residents talk about the collapse of the naira, Nigeria's currency, caused by the slump in oil revenues, which are crucial for Africa's biggest economy.

«Rising domestic socioeconomic stresses in Russia — caused by dwindling oil revenues and the impact of Western sanctions — will fuel President Putin's anti-western rhetoric and increase the likelihood of him seeking foreign «distractions»,» Alastair Newton, senior political analyst at Nomura, said in a note Wednesday.

That's largely due to the government increasing its projected average oil price from US$ 42 a barrel to US$ 45 a barrel, helping to boost resource revenues by $ 744 million.

Revenue fell 1.3 percent to $ 31.68 billion, weighed by a 16 percent slump in its segment supplying equipment and services to oil and gas customers, which has been hurt by weak crude prices.

By ensuring Canadian oil has access to tidewater, the Trans Mountain Expansion Project will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

By ensuring Canadian oil has access to tidewater, the TMEP will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

According to the Fortune 500 Ranking, Sinopec ranks 4th among global oil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneoil companies by revenue, following Shell (which is in partnership with SaudiAramco, a Saudi SOE) ExxonMobil and BP (formerly state owned), and ahead of China National Oil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owneOil Company, Chevron, Conoco Phillips, Total (formerly state owned) and Gazprom (effectively state owned).

A 15 percent year - on - year increase in oil prices in FY19 is likely to raise state oil tax revenues by 0.13 percent of GDP, HSBC estimates.

Indian edible oil manufacturer Ruchi Soya Industries (RSIL) plans to expand its capacity by March 2012, as part of its strategy to achieve 20 % growth in revenue and profit this...

He claimed we were «jealous» and that we wanted to protect ourselves from being caught by other illegitimate footballing regimes fuelled by illicit oil revenues, the proceeds of crime or the outcome of widespread money - laundering.

Wood's comments substantiate those made by the Institute for Fiscal Studies, which warned an independent Scotland would need to cut spending by # 6 billion or significantly raise taxes due to declining oil revenues.

But in contrast, GDP per capita has declined by 12 per cent under John Mahama's tenure as president when oil revenue and loans alone over the eight - year period of 2009 - 2016 would amount to GHS248billion,» he said at the lecture on the theme: «State of Ghana's Economy — Foundation of Concrete or Straw?»

«The NPDC's crude sale for the month is still hampered by Forcados pipeline vandalism, which continued to deny the NPDC of monthly crude oil revenue of about 20.0 bn.»

But in contrast, GDP per capita has declined by 12 percent under John Mahama's tenure as president when oil revenue and loans alone over the eight - year period of 2009 - 2016 would amount to GHS248billion,» he said.

According to crude production figures provided by the oil firm, the country is losing about 3.12 million dollars in revenue each day the NAOC operated facility remains out of production.

Africa's largest economy, which relies on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.

In a statement signed by the Deputy Executive Director of ACEP, Benjamin Boakye, he said «In spite of many implementation challenges, the PRMA has been a model for many countries and Ghana can only do better at improving on transparency and accountability around the use of the oil revenues.

Gaddafi also undermined the military by using oil revenues to hire an army of personal guards mostly from sub-Saharan Africa.

One of the questions raised in the Q&A by Professor Neil MacFarlane was the influence of oil revenues on Sudan's governance.

Professor Iain McLean of Nuffield College, Oxford, co-author of Scotland's Choices, was interviewed by Bloomberg TV about his research which claims that accounting for changes in oil revenues and transfers from the rest of the UK would leave Scots about # 480 per person worse off.

GHANA is set to lose a whopping $ 13billion in oil revenues if the price of the commodity drops and remains below $ 50 for the next two decades, a report by the World Bank Group has revealed.

Ghana allegedly lost about GHc 7 million in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companiOil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companioil marketing companies.

Wren - Lewis warns that independence would involve high set - up costs which would need to be funded in large part by an extremely volatile and diminishing source of revenue (oil).

He denied earlier comments by President Mahama that the Kufuor administration was responsible for 41 % of Ghana's $ 14billion external debt stock, adding that the Kufuor government did much more for Ghana though it borrowed little and had no oil revenues to spend.

Due to the volatility of prices and production, coupled with the terminal decline in output to begin by 2025, the Bank was of the view that managing anticipated surge in oil revenue will be challenging and so advised moderation in government's forecasting of revenues from the sector.

Revenues from oil, gas or mineral resources have the potential to transform a country and the lives of its citizens, by reducing poverty and increasing prosperity.

The World Bank report noted that the resulting forecasts form basis for budget planning, adding that «these forecasts are frequently inaccurate, often by wide margins; ideally, oil - revenue projections should err on the side underestimation, as overestimating future revenues can disrupt investment execution and undermine debt sustainability.»