Sentences with phrase «oil revenues into»

President Nana Akufo - Addo, who was elected in late 2016 on a wave of discontent over the economy, has pledged to heed that advice, and to funnel oil revenues into education, agriculture and manufacturing, to diversify the economy.

An independent Scotland would face the choice of cutting those services, or raising other taxes to higher than UK levels, so as to be able to put the oil revenue into a long - term savings fund, or spending it to support services now, and face that choice later when the oil runs out, but with no cushion of money in the bank.

Not exact matches

It's this forbidding territory that Exxon (xom), under Tillerson, has turned into one of Russia's most lucrative oil provinces, affording Russia a crucial entry into the fast - growing oil markets of Asia, generating nearly $ 5 billion in tax dollars and other revenue for the government to date, and generally being, by Moscow's lights, a good corporate citizen.

The EPA's recent move to roll back automobile fuel efficiency standards benefits almost no one except auto manufacturers, who save on R&D costs, and oil companies, for whom greater fuel consumption translates into more revenues.

A prolonged downturn in oil and natural gas markets continued to ripple through New Mexico's economy over the summer and into the fall, undermining state tax revenues.

At least one congressional proposal, in fact, would have channelled the resulting revenue into a highway trust rather than the oil spill liability fund.

As we extract more and more oil from EOR plays, and at the same time are trying to increase quantities stored, we are going to have to move to more expensive capture opportunities and toward pure storage plays, which both increases capture costs and turns EOR revenues into a storage cost (you are not going to make money injecting CO2 into saline aquifers unless you are being paid to do so).

If the construction of Energy East also does not put significant new supply into the world market, it will not have a material impact on the revenues collected by other oil producing nations either.

But only Norway — with with its huge oil and gas revenues — was able to convert this into higher income per capita than in the United States.

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

«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.

Should the government leave the profits and rental revenue from its oil and gas, nickel and other minerals in the hands of privatized firms, to be turned into interest and dividend payments and taken out of Russia?

By ensuring Canadian oil has access to tidewater, the Trans Mountain Expansion Project will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

By ensuring Canadian oil has access to tidewater, the TMEP will extend Canada's reach into new markets with customers who pay higher prices, generate thousands of high - paying jobs, and create billions of dollars in government revenue for both the country and British Columbia.

And ever since being spread out into the world with the help of Saudi's huge oil revenue.

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.

«It is clearly a false allegation and severe distractions for DSP Mohammed Isah Hamman or any other person to wrongly without any proof or evidence accuse the Inspector General of Police of failure to remit money realised from policemen attached to private citizens and oil companies amounting into about N10 billion monthly internally generated revenue (IGR), when the truth and facts are that Nigeria Police Force is not a revenue generating agency.

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of politicians and bureaucrats.»

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into...

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of...

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

I believe strongly that this is the most equitable and transparent use of the oil revenue, instead of it finding its way into the pockets of politicians and bureaucrats,» he said.

The law requires that 70 % of oil revenue goes into funding the country's annual budget, hence can not all be dedicated to one item as the president seeks to do.

President Nana Akufo - Addo last Friday said it is most appropriate to use a part of the country's oil revenue to fund the policy, which was rolled out last September to offer free education to persons who qualify into public senior high schools.

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.

This is because the Nana Addo administration has said revenue from oil and gas, as well as earnings from other mineral resources, will go into funding the policy, which is expected to eat up some 400 million Ghana cedis in its first year of implementation.

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 Revenue Fund.

As government revenue rises to record levels due to oil and gas production, especially with the oncoming $ 7bn ENI gas project, the new government will have more resources to devote to improving basic healthcare, build productive livelihoods through private - sector led job creation, deepen decentralise decision making, pumping water into neighbourhoods and building roads.

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

For the first time in more than 75 years, the electricity and oil sectors are opening up to private investors, introducing competition to its energy - producing stalwarts, putting billions of dollars of profits and tax revenue into play.

Russia has been using buoyant oil revenues to pump lots of extra money into its space program.

So every dollar you invested into the largest oil company in the world (by revenues) would be collecting $ 0.136 in annual income.

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.

If gasoline taxes in Europe, which were designed to generate revenue and to discourage excessive dependence on imported oil, were thought of as a carbon tax, the $ 4.40 per gallon would translate into a carbon tax of $ 1,815 per ton.

The bill proposed putting hundreds of billions of anticipated new oil and gas revenues (and that even before the shale gas boom) into a trust fund to accelerate clean energy innovation.

We will probably recommend that revenues get channeled into Oil Independence projects with some earmarked for marginalized neighborhoods.

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.

Such deals, notes Hesse, sprang from lower oil prices and production revenues, plus the inability of many upstream players to bear the burden of development costs, especially in geographically challenging regions; and the desire to fund development costs in one project exiting, in whole or in part, into another project.

In many other self - determination conflicts involving the oil - rich regions of the world, this would translate into a demand for the retention in the region of a significant percentage of revenue derived from natural resources.