Sentences with phrase «oil as a source of revenue»

Not exact matches

«Just knowing that oil and gas is a boom - and - bust industry, we are trying to not get used to it as a source of revenue because we know it won't last.»

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

The statement from the U.S government is widely interpreted as a threat to sanction state - owned oil company PDVSA, the government's main source of revenue.

«Consequently, it is imperative to brace for a longer period of low government revenues from oil sources, which would necessitate hard and uncomfortable choices as the economy transits to more sustainable sources of revenue, consistent with the economic realities and strategic objectives of the country.

He added that Buhari had succeeded in repositioning the economy from dependency on oil and focusing on other sources of revenue such as agriculture.

The Governor, who was represented as the Special Guest at the forum by the Commissioner for Economic Planning & Budget, Mr. Akinyemi Ashade, expressed confidence in the regime of President Buhari to combat the fiscal failures of the past administration, which, he said, was responsible for the economy downturn we are experiencing following the crash in the price of crude oil — our major source of revenue.

A refinery operating in Richmond since 1901, first as Standard Oil and later as the Chevron Corporation, had long been the city's biggest single source of tax revenues — and air pollution.

The 1993 tax was pursued mainly as a source of revenue to cut the deficit, not a means of reducing American dependence on foreign oil and cutting risks of dangerous climate change.