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Ditching hydrocarbons without viable alternatives is ‘self-defeating’Policies aimed at divesting from hydrocarbons too soon, without adequate viable alternatives, are self-defeating, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. They More… |
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Hydrocarbons will be part of any future energy mix: UAEHydrocarbons will always play a role in global energy requirements, but their production should be using low-carbon extraction and production solutions. That’s why the UAE is well-placed to play a leading role in the global energy sector More… |
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Hydrocarbons will be part of any future energy mix: UAEHydrocarbons will always play a role in global energy requirements, but their production should be using low-carbon extraction and production solutions. That’s why the UAE is well-placed to play a leading role in the global energy sector More… |
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Hydrocarbons key credit constraint for GCC: Moody’sThe GCC sovereigns' reliance on hydrocarbons will remain the key credit constraint despite ongoing diversification efforts, said Moody's Investors Service in a new report. "Economic diversification away from hyd More… |
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Hydrocarbons key credit constraint for GCC: Moody’sThe GCC sovereigns' reliance on hydrocarbons will remain the key credit constraint despite ongoing diversification efforts, said Moody's Investors Service in a new report. "Economic diversification away from hyd More… |
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Adnoc awards $519m contract to expand 3D seismic surveyThe Abu Dhabi National Oil Company (Adnoc) has awarded a contract worth up to $519 million to further expand the scope of the world’s largest combined 3D onshore and offshore seismic survey currently taking place in the Emirate of Abu Dhab More… |
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Uzbekistan offers tax breaks to develop hydrocarbons sectorThe Ministry of Energy of Uzbekistan has announced a new legal mechanism, a new type of service contract where contractors are offered tax allowances and payment deferments, to increase crude hydrocarbons extraction, following a resolution by More… |
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Saudi 2019 budget to drive non-oil GDP: reportThe 2019 budget is expansionary as the pace of austerity eases, spending increases, said the Bank of America Merrill Lynch (BofAML) in a new report, noting that the fiscal impulse in 2019 would push non-hydrocarbon real GDP growth up by c0.6-0.9 More… |
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Oil will back economy growth for decades: UAE ministerHydrocarbons would continue to be the bedrock of economic growth for decades to come, said Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, adding that by 2040, oil and gas will supply over half of the world’s energy ne More… |
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Why GCC will find it hard to diversify from hydrocarbonsThe GCC economies' high concentration and dependence on the hydrocarbon sector, which averaged about 30 per cent of GDP and 60 per cent of total exports over 2015-2016 could become a credit negative factor when not offset by substantial fina More… |
