Sentences with phrase «oil revenue accounted»

Not exact matches

Cannabis oil sales accounted 23 per cent of Canopy's revenue for the latest quarter, compared to 13 per cent in the same period a year ago.

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.

And its LNG contracts account for more than half the revenue of its biggest division: oil and gas.

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.

TULSA, Okla. --(BUSINESS WIRE)-- Oil and NGL sales accounted for 96 percent of WPX Energy's (NYSE: WPX) first - quarter 2018 total product revenue of $ 407 million following the divestitures of its San Juan Basin assets, concluding with the sale of its Gallup holdings in March.

«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.

This is mostly due to much lower oil prices after the oil shock (expected to remain around $ 53 per barrel in the next two years), as oil proceeds still account for more than 50 % of government revenues.

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

Revenue from oil and diamonds currently accounts for approximately 46 % of GDP, and roughly 96 % of foreign exchange earnings.

«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.

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 kingdom has vowed to implement widespread economic reforms in a bid to reduce its huge dependency on oil, which accounts for as much as 90 % of government 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.

Of this $ 8.3 billion $ 1.3 billion are offshore oil and natural resource royalties which are transferred to the Newfoundland Offshore Petroleum Resources Revenues Fund and the Nova Scotia Offshore Revenues Account under federal agreement.

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.

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.

Nigerian government now seeks a court order compelling the two companies to pay into the Federal government of Nigeria account with the Central Bank of Nigeria, the sum of USD 406,751,070 being the total value of the missing revenue from the shortfall / undeclared / under - declared crude oil shipments of the country, made by the companies to United States of America.

For instance, this year's benchmark for the federal budget is $ 42 but oil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he saoil now goes for over $ 70 per barrel and instead of paying all the revenues to the Federation Account, the FG still operates an Excess Crude Oil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he saOil Account contrary to the judgment of the Supreme Court and they spend such funds without recourse to appropriate authorities,» he said.

With a projected revenue of N3.86 trillion in the face of dwindling crude oil receipts, government estimates that oil revenues contribute N820 billion of the total revenue; non-oil revenues, comprising Company Income Tax, CIT, Value Added Tax, VAT, Customs and Excise duties, and Federation Account levies, are expected to contribute N1.45 trillion; while independent revenues are expected to contribute N1.51 trillion through the enforcement of the Fiscal Responsibility Act, 2007 and public expenditure reforms in all MDAs.

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

He said that Nigeria had depended on oil and gas which accounted for more than 75 per cent of government's revenue for so long.

The government attributed the development to the shortfall in revenues from the federation account and the reduction in its production quota of crude oil.

Government had to continously revive the national budget on account of oil revenue shortfalls.

The leader of the team disclosed that with the poor revenue from the Federation Account which is largely sourced from crude oil sales, the current administration of President Muhammadu Buhari is looking for other sources of revenue to execute capital projects and provide social services for the people.

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.

In particular, we requested the federal government to embark on the recovery of the revenue of $ 42 billion withheld from the Federation Account from 1999 - 2012 by some transnational oil companies, the Nigerian National Petroleum Corporation and other agencies of the federal government.

She blamed it on the decline in oil revenue, which she said accounted for a 50 per cent drop in total federally collectible revenue as well as low revenue receipts from non-oil sources.

He, however, declared the payment of $ 1.092 billion in the Malabu oil deal into an escrow account at JP Morgan, London, by the former ministers as fraudulent, stressing that the money should have been paid into the Federation Account or the Consolidated Revenuaccount at JP Morgan, London, by the former ministers as fraudulent, stressing that the money should have been paid into the Federation Account or the Consolidated RevenuAccount or the Consolidated Revenue Fund.

First — why would anyone assume that a media organ, such as WSJ, will give an honest account of the major threat to its very major advertizers (Big Oil & Big Auto) that provide an essential portion of its revenues, beside having unparalleled influence over other sectors» advertizers?

Like EITI, this information is an important step towards allowing people in poor countries to hold their governments to account for the oil and mining revenues that too often disappear into private bank accounts.

But rather than lowering an existing tax, it relies on a so - called tax - and - dividend model: As the state of Alaska does with oil revenues, revenues from the Council's national carbon tax would be returned equally to all American households in quarterly «dividends» digitally deposited in Social Security accounts.

International oil companies and banks are complicit in this process of embezzlement because they refuse to publish what they pay to the Angolan State, preventing ordinary Angolans from calling their government to account over missing oil revenues.

Sonangol collects billions of dollars a year in revenues on behalf of the Angolan government and controls other companies» access to Angola's oil and gas reserves, but does not publish its accounts and discloses little detailed information about its activities.

Sonangol publishes its audited accounts and full details of oil revenue flows between foreign oil companies, Sonangol itself and the Angolan government.

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.

At 3 % royalty rates, like Alberta gets for conventional crude, most of us would say «no, leave it in the ground» - especially when we hear that Norway found a way to get 80 % of the oil and gas profits flowing into government revenue accounts.

Oil and gas energy industry experience with expertise in oil and gas revenue accounting, gas pipelines, gas storage, gas processing plants, gas gathering systems accounting, gas marketing and gas plant accountiOil and gas energy industry experience with expertise in oil and gas revenue accounting, gas pipelines, gas storage, gas processing plants, gas gathering systems accounting, gas marketing and gas plant accountioil and gas revenue accounting, gas pipelines, gas storage, gas processing plants, gas gathering systems accounting, gas marketing and gas plant accounting.

Summary: I retired in February 2014 with thirty five years of Oil and Gas experience including, but not limited to, Accounts Payable Account Receivable Production and Revenue Accounting Drilling Cost Auditing ordering, expediting, classifying and moving production and drilling materials (line pipe, tubing, casing, etc.) and all phases of Gas Balancing pertaining to wellhead, platform, field balancing and settlements of all...

To obtain a position of Senior Financial / Accounting or any suitable position QUALIFICATION HIGHLIGHTS * Expert financial management professional with over 37 years of accounting / operation experience in hotel, food and beverage, retail, construction, oil, gas, retirement homes, capital investment, and financial services with a revenue of over $ 50Accounting or any suitable position QUALIFICATION HIGHLIGHTS * Expert financial management professional with over 37 years of accounting / operation experience in hotel, food and beverage, retail, construction, oil, gas, retirement homes, capital investment, and financial services with a revenue of over $ 50accounting / operation experience in hotel, food and beverage, retail, construction, oil, gas, retirement homes, capital investment, and financial services with a revenue of over $ 500millions.

Grew revenues to triple previously established run rate with major success attributed to New Account Penetration with Shaw, Murphy Oil, Ochsner, several ISD's, Basic Industries, Rubicon, Amedisys, and several more.

Tags for this Online Resume: accounting clerk, revenue accounting, cash receipts, accounting assistant, oil and gas, medical