Sentences with phrase «when oil revenue»

But in contrast, GDP per capita has declined by 12 percent under John Mahama's tenure as president when oil revenue and loans alone over the eight - year period of 2009 - 2016 would amount to GHS248billion,» he said.

But in contrast, GDP per capita has declined by 12 per cent under John Mahama's tenure as president when oil revenue and loans alone over the eight - year period of 2009 - 2016 would amount to GHS248billion,» he said at the lecture on the theme: «State of Ghana's Economy — Foundation of Concrete or Straw?»

Not exact matches

Wondering how an oil storage and pipeline company could grow revenue 73 % during a year when declining crude prices crushed most companies in that industry?

Last month, Governor Jack Dalrymple called for a decrease in the state budget, since tax revenues are down and the budget outlook for the state is different from two years ago, when the price of oil was topping $ 100 per barrel.

«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.

The new contracts will come when oil is roughly half that price, a drop in value that could reduce pipeline operating revenue by millions of dollars a day and ruin the pipeline's business strategy.

But even as the energy sector rebounds from a three - year downturn, the Conference Board does not expect the Canadian oil sector to post the record $ 116 billion in revenue it did in 2014 — when oil prices were over US$ 100 per barrel — until 2021, when it is expected to pull in $ 119 billion.

Democrats scoffed at that claim, saying the plan would far less revenue at a time when oil production in the lower 48 states, especially Texas and North Dakota, is booming.

As we saw starting in 2014, when the international price of oil dropped, the much - lauded Alberta Advantage of using unreliable resource revenues to subsidize short - sighted tax cuts quickly became the Alberta Disadvantage.

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

This sensible policy will also include provision for oil price fluctuations when oil is still possessed and the ability to manage the current reduction in revenue easily in such circumstances.

«When we are faced with investors from Qatar, which generates huge revenues through gas and oil production, we can't fight against that.

Witness Venezuela when Chavez was enacting his ideas, vs. Venezuela now, when those ideas led to massive issues the moment oil revenues sustaining the policies evaporated.

It was under his regime that Venezuela flourished, largely due to oil revenues (when oil was around its all - time high).

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.

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.

«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.

When the chiefs in the region asked for 10 percent retention of the oil revenues for infrastructural development, you kicked against it with excuse that the oil is drilled offshore.

Public revenues are the lowest since 2009 when oil prices dived as a result of the global financial crisis.

President Nana Addo Dankwa Akufo - Addo has stated that Ghana's oil revenue will be used to fund the Free Senior High School (SHS) program when it takes off next academic year.

Oil and gas revenues counted for as much as 41 percent of the state's budget in 1981, and when the industry faltered the state nearly went bankrupt.

There are only two off - shore extraction facilities left, however, and the day is not far off when oil production in the city will cease and tourism will replace it as the primary revenue source for resident industry.

He is the king of veto, veto, veto when it pertains to anything constructive outside of his oil revenue or oil buddies.

They'll pay attention to destruction of the atmospheric commons when it produces as much advertising revenue as the oil, car, and airline industries.

From AllGov.com with lots of spin (h / t to reader Dennis) Judge Orders NASA to Release Climate Change - Related Documents A climate change denial group once funded by oil giant ExxonMobil (2012 revenues: $ 453.123 billion) won a legal victory last week over NASA when a federal judge ordered the space agency to turn over more documents related...

These numbers do not however give an indication of when the coal, oil or gas will be produced, which obviously determines when the revenues will be realised.

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.