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Iraq’s Economy on Edge Due to High Oil Income Dependence

OilPrice

Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues. Iraq has long been one…

Oil 275
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Russia’s Oil and Gas Revenues Dip to January 2023 Low

OilPrice

Russia saw its revenues from oil and gas for the budget crash by 33.7% For June, total budget revenues from oil and gas dipped to $6.3 billion Russian rubles), according to data from Russia’s finance ministry published on Thursday. For June, total budget revenues from oil and gas dipped to $6.3 billion (494.8

Gas 278
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Oil-Rich Alberta Forecasts Unexpected Budget Surplus

OilPrice

billion) for the fiscal year 2024-2025 that ended in March, as Nate Horner, the finance minister of Canada’s oil-producing province, prepares to deliver the year-end fiscal update later on Friday. Alberta expects to have booked a budget surplus of about US$4.2 billion (C$5.8

Royalty 282
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Namibia Considers Incentives to Help Launch its Oil Industry

OilPrice

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country.

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Homerun Resources Inc. Executes Binding Term Sheet with Institutional Investor for $6 Million Financing

Oil & Gas 360º

Executes Binding Term Sheet with Institutional Investor for $6 Million Financing June 18, 2025 News Story – QuoteMedia Market Data Solutions

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Saudi Aramco Could Raise $4 Billion From Power Plant Sales

OilPrice

Under pressure to increase payouts to Saudi Arabia, the Kingdom’s state oil giant Aramco is considering selling up to five gas-fired power plants in deals that could raise some $4 billion, sources familiar with the plans told Reuters on Friday.

Finance 249
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The Awareness Group Launches Enhanced Non-Credit Score Driven National Residential PPA Solar Financing Program

Oil & Gas 360º

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