Tag: Resources

Iraq has emerged as the second-largest oil exporter to the United States, surpassing traditional suppliers such as Saudi Arabia and Mexico, according to a recent report by the U.S. Energy Information Administration.

If the Australian public would like to know what their future would have looked like if former Prime Minister Kevin Rudd succeeded in his mission to create a healthy sovereign wealth fund from the Resources Super Profits Tax proposal in 2010, look no further than the Kingdom of Saudi Arabia in 2024 – where all its citizens share in the spoils.

Libya has allocated USD 1.23 billion to develop the Hamada NC-7 concession in its latest budget, which was approved by Libya’s eastern-based parliament last month, according to a recent MEED report.

MEED Analyst John Bambridge says that the UAE has demonstrated remarkable economic resilience in recent years, with its non-oil sector bouncing back from Covid-19 and emerging as the real driving force behind the country’s growth. 

An industrial and energy project valued at an estimated USD31.8 billion topped the recent investment agreements reached between the UAE and Oman following Sultan Haitham Bin Tariq’s visit to the UAE capital earlier this week.