Sentences with phrase «need oil revenues»

First we clearly understand the paradox that to diversify from oil we need oil revenues.

A grace period on Chinese loans to Venezuela has lapsed, potentially depriving the cash - strapped OPEC nation of billions of dollars in desperately needed oil revenue this year.

CARACAS, April 27 - A grace period on Chinese loans to Venezuela has lapsed, according to two Venezuelan sources with knowledge of the matter, potentially depriving the cash - strapped OPEC nation of billions of dollars in desperately needed oil revenue this year.

The pressure comes at a time Nigeria desperately needs oil revenue to keep its battered economy running.

Not exact matches

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

«People need jobs, the Gulf Coast states need revenue, and Americans do not want to be dependent on foreign oil.»

For example, you'd need the Saudis to donate the next 146 years of revenue from their oil exports to fully pay down the debt.

While falling oil prices spurred discussion of a provincial sales tax to help plug the hole in the province's royalty revenues, Alberta needs to consider more consequential measures.

The minister heads the state oil company PDVSA, which is in desperate need of a hike in fuel revenues and favorable financial ratings to fund imports of consumer goods and medical supplies for its citizens and to keep the socialist government's public services afloat.

The second - largest oil producer in the block is in need of new revenues as it fights the costly war against the Islamic State and recaptures the terrorist group's oil assets.

There is also the realpolitik argument that, since we were never going to depopulate Iraq, we needed a stable and legitimate Iraqi government, and this included a government that controlled oil revenues.

The administration has also asked the Iraqi government to release some oil revenue to meet the needs of refugees.

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 the central government also needs the money and will be reluctant to surrender too great a share of oil revenues to the county administration.

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).

Lagos State Governor, Mr. Akinwunmi Ambode has said, in view of the dwindling revenue from oil, Nigeria must embrace other sectors so as to garner resources to address the critical needs of the people.

He said that Nigerians needed to know how much revenue the government had been able to generate from crude oil, non-oil and independent revenue sources since assumption.

She also complained about some government officials» unwillingness to assist ACEP collate data needed to deepen social auditing and accountability on the oil revenue disbursement.

Mr Salmond launched the conference with a criticism of the financial settlement agreed by Westminster, which he argued ignores rising North Sea oil revenues and points to the need for Scottish independence.

He said media should endeavour in sensitizing public on the current economic predicaments through educative and informative programmes capable of orientating the general public on the need to be productive and take - off their minds from crude oil revenues that have crashed.

We need more money to invest into the scheme that is why in the NDC manifesto we stated that some of the oil revenue should be injected into the NHIS so that the NHIS would always be in the position to take care of subscribers,» he added.

``... So we need to exploit and make sure that we have a conscious effort to put a substantial portion of that [oil] revenue aside to support our agriculture and that is the only way we will get out of this problem [of unemployment].»

While commending the Federal Government for towing the line of Lagos State in making efforts to increase its Internally Generated Revenue, Ambode emphasised that the most important lesson that must be learnt from the fallen oil prices is the need to diversify our economy by looking inward.

This was all the brain child of the enterprising Sheickh Maktoum and his family who realised that oil reserves were one day going to run out and a new revenue stream would be needed to fund the future of Dubai.

Developing America's vast domestic oil, natural gas, coal and shale gas deposits will generate millions of jobs and hundreds of billions of dollars in critically needed royalty and tax revenue.

There is growing international awareness that more transparency in the management of oil and mining revenues is needed so that citizens of countries rich in such natural resources can have greater oversight over the revenues and ensure that this wealth is used wisely and fairly.

Greater revenue transparency on the part of the government is needed to match the new EU and US laws which require companies to publish payments to make sure Ugandan's can account for their oil money.

, ranks the largest publicly listed companies by the carbon intensity of their coal, oil, and gas reserves; the Clean200 ranks the largest publicly listed companies by their total clean energy revenues, with a few additional screens to help ensure the companies are indeed building the infrastructure and services needed for what Lester Brown and many others have called «The Great Energy Transition» in a just and equitable way.

People need to realize that Dubai is not just full of desert dwellers that ride camels, and little of its gross domestic product is actually from oil revenue.