Sentences with phrase «oil export revenue»

The report further disclosed that crude oil export revenue increased by 14.42 per cent between September and October this year.

«We anticipate that the current account will be placed firmly into deficit territory in 2015, given the sharp decline in oil export revenue,» Stephen Bailey - Smith, head of Africa research at Standard Bank, wrote in an African Markets Revealed report released in January.

We anticipate that the current account will be placed firmly into deficit territory in 2015, given the sharp decline in oil export revenue.

Not exact matches

The B.C. government has pinned much of the province's economic future on LNG exports, saying the projects are equivalent to Alberta's oil sands in terms of jobs and revenue generation.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

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.

Utterly dependent on oil exports for revenues, the resources available to Maduro are vanishing.

But possibly the most significant and ambitious goal in Vision 2030 is to wean the kingdom's economy off of oil exports, which accounted for roughly 87 percent of total budget revenues as of December 2016.

That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon's accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.

The political turmoil and mass resignations threaten Maduro's government, which depends on oil for 90 percent of export revenue.

The majority of its revenue comes from exporting oil via the Trans - Alaska Pipeline System.

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.

The $ 330 - billion spending plan says while several economic indicators such as employment numbers and tax revenues are up, and this year's deficit will likely be lower than expected — there are risks ahead: oil prices are expected to remain low; Canadian exports may remain flat; and «possible U.S. policy actions affecting trade could restrain exports to the U.S. even further,» the budget says.

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.

«Based on the Saudi current - account balance, Aramco had revenues of $ 160 billion last year from just oil and refined products exports when the average price of oil was $ 43 a barrel,» Fareed Mohamedi from the Rapidan Group said.

And there is a lot to make up for considering that four - fifths of the government's revenue comes from oil and gas exports — and its 2015 budget was calculated against $ 85 oil.

A global drop in oil prices has likely diminished Islamic State's export revenues.

Oil and gas viagra générique fiable exports account for 50 percent of its federal budget and 70 percent of export revenues before the collapse of oil prices in 20Oil and gas viagra générique fiable exports account for 50 percent of its federal budget and 70 percent of export revenues before the collapse of oil prices in 20oil prices in 2014.

The price of oil — Russia's main export and revenue source — has fallen 46 percent in the past six months due to abundant supply — partly from U.S. shale oil — and low demand growth.

Oil revenue brings in 70 percent of Kazakhstan's exports revenue as well as half of the government's revenue.

Even though they are not exporting as much oil as they were a couple of years ago, their oil revenues are rapidly recovering to the point they can get along with smaller exports.

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.

But ramping up exports is not an economic winner when you consider climate change and oil revenue in general.

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.

With oil prices climbing to above $ 100 / barrel, the Arab Peninsula is currently generating export oil revenues of $ 1 trillion dollars a year.

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

This is projected to hit N3 trillion ($ 15 billion) due to heavy infrastructure spending at a time when the slump in global oil prices has slashed the country's export revenues.

Nigeria continues the absurdity of expending more than 30 % of scarce foreign currency importing refined petroleum products, a self - imposed malaise as we insist on subsidizing domestic fuel consumption; and crude oil and gas as a percentage of our export revenue stays at 96 % meaning beyond all the talk of diversification, current rhetoric does not match the outcomes!

On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «Policy Prescriptions» - diversification of production, government revenue, and exports; imperative of a strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!

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.

«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.

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.

Nigeria depends on oil for 70 percent of its government revenue and the bulk of its export earnings.

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.

According to him, if revenue accrued from gold, cocoa, oil and other exports were managed properly, Ghana will not be saddled with huge debts although government has maintained that huge drop in prices of exports products last year has dwindled its revenue.

Business News of Friday, 18 May 2018 Source: thebftonline.com File photo — logo of Standard Bank Ghana's balance of trade is set to receive support from cocoa export and oil production revenues this year according to researchers at Standard Bank, parent company of Stanbic Bank Ghana.

«Their biggest source of revenue is exporting oil, and a lot of that goes into the United States.»

Oil exporting regimes depend on export revenues to maintain control.

At present, Ecuador relies upon oil income for more than half of its annual export revenue.

This would serve multiple purposes, of (a) weaning us from dependence on foreign oil and simultaneously depleting terror - exporting countries of their revenue stream, (b) reducing other pollutants besides CO2, (c) encouraging a more gradual and less economically disastrous transition from an economony based on a finite resource, (d) slow global warming, (e) move us in the direction of a VAT tax rather than an income tax (actually, personally I don't think e is such a great thing, but as many conversative groups favor it, I don't see why they would oppose a revenue - neutral tax on fossil fuels.

By reducing domestic reliance on oil consumption, these countries hope, they can save more of their production for export (and revenue generation) abroad.

But, if the goal is generating revenue for government to fund worthy projects, rather than a series of one - time sales, why not lift the ban on U.S. crude oil exports and create an annual revenue stream?

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.