Tag: billion
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Officially.. Aramco’s business results in the first quarter of 2023 record profits of $31.8 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to the experts’ forecast of $31.2 billion. Although it; Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net income of…
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Aramco’s business results in the first quarter of 2023 record profits of $31.88 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to experts’ expectations, which it set at $31.2 billion. Despite this, Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…
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Saudi oil export revenues fell by $2.8 billion in February
Saudi oil export revenues declined, during last February, on an annual basis, with the decline in average oil prices compared to the same period in 2022. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in February, by 11.7%, compared to the same period in 2022.…
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Pakistan’s fuel imports jump to two billion dollars in March
The value of Pakistan’s fuel imports increased, in March (2023), to record more than two billion dollars, with a growth rate of 9% on a monthly level. This data, issued by the Pakistan Statistics Bureau, indicates an increase in the Asian country’s dependence on fuel imports, according to The Express Tribune newspaper, today, Saturday, April…
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Oil production in India is booming with investments of more than one billion dollars
India’s oil production is expected to boom in the near term, in a bid to reduce the country’s dependence on imports from other countries. In this context, the Indian Oil and Natural Gas Corporation (ONGC) is preparing to bet billions of dollars on deep-water and ultra-deepwater exploration. This comes at a time when New Delhi…
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Kazakhstan is suing major oil companies for more than $16 billion
Kazakhstan has chosen to resort to legal methods to extract what it sees as its legitimate material rights with a group of major oil companies, led by Eni, Shell and Total Energy, among many others. Kashagan and Karachaganak, two of the largest oil fields in the Central Asian country, are at the heart of the…
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Oil and gas revenues in the Sultanate of Oman recorded $4.3 billion at the end of February
Oil and gas revenues in the Sultanate of Oman increased during the first two months of this year, compared to the same period in 2022, supported by higher prices. The oil and gas sector supported the Sultanate of Oman’s budget by about 1.674 billion riyals ($4.34 billion) by the end of last February, according to…
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Russia’s budget records a deficit of $29 billion, with oil and gas revenues declining
During the first quarter of this year, Russia’s budget recorded a deficit of more than $29 billion, with oil and gas revenues declining. Data from the Ministry of Finance showed that Russia’s federal budget deficit, during the first quarter of 2023, amounted to about 2.4 trillion rubles ($29.52 billion). The data, seen by the specialized…
