Sentences with phrase «of oil exporting countries»

However, it has also drastically reduced the revenues of oil exporting countries, whose governments rely heavily on oil and gas royalties to finance budgets and loan repayments.

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading

Not exact matches

Fresh sanctions on Iran could result in a reduction of the country's oil exports, which would strain global supplies even more, especially given the discipline of the Organization of the Petroleum Exporting Countries (OPEC) and their partners in sticking to an agreement to limit output.

«The good news of this recovery this year is that the outlook is positive for both oil - importing countries and oil - exporting countries,» Jihad Azour, director of the Middle East and Central Asia Department at the IMF, told CNBC's Hadley Gamble on Monday.

While the loss of the city has no immediate effect on oil exports, now at over three million barrels a day, it adds to concerns over security and the country's plans to expand oil production.

That logic is another reason why OPEC countries have less of an incentive to cut back production: renewable energy sources is starting to give fossil fuels some serious competition, and oil - exporting countries have an interest in keeping oil a cheap alternative.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

Disruptions in Venezuela's oil industry can have outsize impact on the country, as oil brings in about 95 % of its export revenue, which has been used to purchase imports like food and medicine as domestic production dries up.

The Saudi government wants nuclear power to free up more oil for export, but current and former American officials suspect the country's leaders also want to keep up with the enrichment capabilities of their rival, Iran.

In a country that depends overwhelmingly on oil exports for hard currency, Dos Santos had made fortunes in mobile telecoms and supermarkets, benefiting — her critics say — from family connections, before being appointed head of Sonangol in 2016.

Depending on mining, forestry, and oil and gas leaves the country vulnerable to swings in commodity prices and the health of our export partners.

Oil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own oOil prices must inevitably rise as unconventional production peaks over the next decade and oil - exporting countries increasingly consume more of their own ooil - exporting countries increasingly consume more of their own oiloil.

To answer a few of your questions, exporting bitumen from Canada's west coast will not make the country any stronger, only the Texas oil company a little richer, and the earth much more in peril.

The falling price of oil is squeezing Malaysia's exports: the black stuff generated around 30 percent of the country's federal revenues two years ago.

Published in the June 2008 issue of The Gulf, a weekly business news magazine published in Bahrain, and in Counterpunch Every week Mid Eastern countries acquire more dollars in payment for their oil and other exports, and also for rising U.S. investment in their stock markets and other property.

In 2016, of all the countries in the world, the U.S. exported the highest value of refined oil, earning more than US$ 64 billion.

In addition, Canada is an oil - surplus country, exporting more than 60 percent of the oil produced domestically, with a substantial amount transported to the United States and the rest to Europe and Asia.

The United States is the largest market for Canadian crude, with the neighbouring country purchasing almost 99 percent of the total crude oil exported from Canada in 2016 and the five - year average ranging between 97 - 99 percent.

Of course, energy companies and countries that depend on oil exports will suffer, but users of transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatlOf course, energy companies and countries that depend on oil exports will suffer, but users of transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatlof transportation fuels, petrochemicals, plastics, fertilizers and so forth should benefit greatly.

Finally, 98 % of Canada's oil exports go the the United States, a country which has significantly ramped up oil production recently — and will only continue to do so in the future.

The country exports very little oil to Asia, while its exports of oil to the United States have continued their general upward trend.

In recent times Venezuela as a sovereign country has been involved in sociopolitical problems and with a high volatility in its prices of raw material exports such as oil, because of the low prices...

If Canada wants to benefit from Asia's development and growth, and remain a relevant and important energy partner in Asia, we must «think big» about exporting to multiple countries within the Asia Pacific, and «think beyond» oil and natural gas to include all of Canada's energy related assets, particularly the renewable and clean technologies that will help Asia mitigate its own climate - change challenges.

Half of the country's 2014 exports were raw products like oil, iron ore, soybean and corn, so the economy has been vulnerable to commodity price changes on those products.

As a G - 20 nation and the only OPEC country in Asia - Pacific, Indonesia exported $ 6.4 billion of petroleum last year, but it will ride out the oil price crisis practically unscathed.

Bloomberg reports that the country is the bloc's smallest oil producer, but the sector accounts for roughly 40 percent of Gabon's GDP, 45 percent of government revenues, and nearly 85 percent of exports.

The North African country is not looking for a production freeze, because, as Mustafa Sanalla, chairman of the National Oil Corporation, said last week: «Without a resumption of exports we could run out of money next year.»

The Treasury Department says a group of 15 «oil - exporting» nations including Saudi Arabia held a total of $ 281 billion in Treasuries in February, deposited either in the United States or in one of the 15 countries.

Another significant factor is the price that's necessary for countries that produce crude oil or export crude oil out of the Organization of the Petroleum Exporting Countries (OPEC) or countries that produce crude oil or export crude oil out of the Organization of the Petroleum Exporting Countries (OPEC) or Countries (OPEC) or non-OPEC.

A surge in intraregional mergers and acquisitions and a pickup in Islamic debt, or sukuk, issuance contributed to a 19 % rise in investment banking fees in the Middle East last year, as oil - producing countries in the Gulf funneled some of their export earnings into the purchase of companies in neighboring countries.

«The overall environment remains favorable, supported primarily by the improved credit profiles of issuers in oil - exporting countries and their wish to take advantage of the current deep pool of liquidity to lock in medium - term financing.»

The OPEC countries were able to obtain a considerable share of the wealth of the world by combining to raise the price of their oil exports.

And in the present situation of stagflation, their policy interests are directed toward their relations with the newly rich oil - exporting countries and with one another.

The Philippines exports calories in the form of sugar and coconut oil every day, while half of the country's children are malnourished.

Some 25 percent of the country's budget comes from exporting oil.

We have: • normalized the domestic yield curve • issued the country's maiden 15 - year bond in April 2017 • improved external balances, driven by higher export earnings and lower imports • improved gross international reserves to US$ 7.2 billion, equivalent to 4.1 months of imports cover • improved primarybalanceto0.3 percent surplus in September 2017 against a deficit of 1.6 percent in September 2016 • received positive sovereign rating reviews from international ratings Agencies: Fitch, B / stable; Standard & Poor, B - / positive • successfully completed the 4th IMF / ECF program review, and • achieved positive developments in the oil & gas sector — favorable ITLOS ruling, and Sankofa producing 1st oil three months ahead of schedule.

Before 2003, the country exported 2.5 million barrels of oil per day, and this figure today stands at just under 1.82.

The consortium of experts was able to track the global movements of the country's hydro - carbons including crude oil and gas with the main purposes of identifying the companies engaged in the practices that led to missing revenues from crude oil and gas exports sales to different parts of the world.

Oil accounts for 98 per cent of exports and 80 per cent of the countries fiscal revenues.

According to him, considering the current operation and storage capacity of the Bulk Oil Storage and Transportation Company Limited (BOST) as well as the revamped Tema Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbors.http: / / ghanapoliticsonline.Oil Storage and Transportation Company Limited (BOST) as well as the revamped Tema Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbors.http: / / ghanapoliticsonline.Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbors.http: / / ghanapoliticsonline.oil to its neighbors.http: / / ghanapoliticsonline.com

This industrialisation, he indicated, would go hand - in - hand with improving the productivity of agriculture, spurred on by the production and marketing of additional cash crops such as cotton, coffee, oil palm, cashew and maize, which will boost export earnings for the country.

Giving a breakdown of Nigeria's crude oil earnings in nine - month 2015, the NBS data revealed that the country earned N1.675 trillion from crude oil export in the first quarter of 2015, N1.984 trillion and N1.611 trillion in the second and third quarters respectively.

Recent data released by the National Bureau of Statistics, NBS, had showed that a sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country's earnings from crude oil export dropped to N5.271 trillion for the nine month period, January to September 2015.

This was in contrast to crude oil export earnings of N3.234 trillion, N3.269 trillion and N3.149 trillion for the first, second and third quarters respectively, while in the fourth quarter of 2014, the country earned N2.239 trillion from the export of the commodity in the fourth quarter of 2015.

«The sharp decline in oil prices represents a formidable shock on the oil exporting countries of sub-Saharan Africa, especially in view of their strong reliance on oil receipts for fiscal and external revenues,» an IMF spokeswoman said in a statement.

According to Mahama, considering the current operation and storage capacity of the Bulk Oil Storage and Transportation Company Limited (BOST) as well as the revamped Tema Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbouOil Storage and Transportation Company Limited (BOST) as well as the revamped Tema Oil Refinery (TOR), nothing can stop the country from exporting oil to its neighbouOil Refinery (TOR), nothing can stop the country from exporting oil to its neighbouoil to its neighbours.

The two sub-saharan African countries are the latest in what may become a long line of oil - exporting countries to seek financial assistance to help stem growing deficits as falling crude prices crush revenues.

According to President Akufo - Addo, as a relatively new entrant in the league of oil - producing countries, Ghana is not going to treat her oil like she has done with gold, and allow it to be exported in its raw material form as crude.

Dangote, whose cement unit is Nigeria's biggest listed company, has been investing in agriculture as the country's government seeks to diversify away from oil, which accounts for 90 percent of the nation's export earnings and the bulk of revenue.

As a major oil producer, involving the private sector — and I am aware that Dangote is building some refineries and tank storage capacities — it should be possible to process Nigerian oil locally into finished petroleum products and export them to West Africa and the rest of Africa without us having to import petroleum products from outside.Speaking as a former leader of an African country, I can tell you that our quest to build our countries into industralised economies that can begin refining our own raw materials and manufacturing what we need, is not a development paradigm that the rich nations are enthused about.