Developments in the oil sector

Contribution of the oil sector to the Syrian economy

Favourable growth rates experienced in non oil sector activities compensated partially for the drop in oil revenues.

Though Venezuela s non oil sector has been growing, oil still provides the vast majority of its dollar earnings.

Instead, 2.3 billion was invested directly into the Iraqi oil sector.

As oil prices rise, these countries dependence on the oil sector increases, despite all efforts to diversify their economies.

Nigeria is reorganizing its state oil company, introducing transparency legislation, and launching sweeping audits of the oil and gas sector.

To combat the impact of such dependence, they spend oil revenues on other sectors, leaving the oil sector with little investment.

Investment in the oil sector and trade liberalization, although significant, will not be enough.

Major oil exporters could then seek to use their now less valuable oil at home as cheap fuel for an expanded heavy industrial sector.

ledna How far have discussion on Ghana local content for the oil and gas sector gone? Kenya (new found oil) could learn from that

Before we used to just budget on whatever oil we bring in, because oil is the biggest, most revenue earning sector in the economy 70 percent of our revenues come from oil.

Given that the bulk of foreign investment was in the mineral resources sector, the Government was also working to develop the non oil sector.

After the collapse of the pearling industry, most divers switched to the newly founded oil sector.

The non oil sectors will also remain robust in many of these countries, helping to maintain growth as the oil sector nears full capacity and as oil prices weaken somewhat over the medium term.

The review assesses and provides recommendations for policy measures to develop the biopharmaceutical industry as a sector for reducing the country's dependence on the oil sector.

Nor have the US and Britain used their power in Iraq to promote transparency in the oil sector.

Saudi Arabia is boosting its spending on social and infrastructure investments substantially, as well as expanding oil sector capacity.

And Nigeria, with the oil sector, had the reputation of being corrupt and not managing its own public finances well.

Together with the Russian authorities expropriation of oil company Yukos, foreigners have been squeezed out of Russia s energy extraction sector.

Syria is one of the world's developing countries the agricultural sector accounts for about 27 per cent of gross domestic product (GDP), the industrial sector for about 7 per cent and the oil sector for about 20 per cent.

The corresponding numbers are even higher in oil exporting countries in Nigeria and Angola, for instance, 83 per cent and 90 per cent respectively of total public sector revenue comes from oil.

But a government official must pursue the public interest, which includes preserving a competitive environment in the oil or banking sector.

Rising oil prices, unforeseen tsunami related expenditures and revenue shortfalls from the tourism sector are creating significant, alarmingly intense fiscal pressures.

In the Syrian Arab Republic, economic performance will largely depend on the performance of the agricultural sector, oil revenues and increased private sector investment, all of which appear to enjoy good prospects.

The hydrocarbons sector secures Russian growth, undermines the power of Arab producers and OPEC, and thus promises a decrease in oil prices.

In 2003 and 2004, the balance of payments performance improved due to rising oil prices and increased receipts from the services sector.

These countries are indirectly benefiting from the region's growing oil revenues through strengthened tourism and financial inflows from the oil exporting economies, as well as from the restoration of trade and service sector linkages with Iraq.

The share of inward FDI in the distribution sector is relatively small as most investment is directed towards the oil and gas industry.

Rising oil prices, unforeseen tsunami related expenditures and revenue shortfalls in the tourism sector are creating significant fiscal pressures at alarmingly high levels.

Of the 2,300 companies involved in the Global Compact, 60 were from the oil and gas sector and 62 from mining and metals.

Olive oil, pickles! Olive oil, pickles!

Refined olive pomace oil oil obtained by refining crude olive pomace oil.

Now I know some of you may be thinking, Oil, oil, oil.

Japan requires the private sector to hold 70 days as oil reserves, but is making the period shorter by three days to 67 days.

As in other GCC countries, growth in the non oil sector has been the major factor behind the good performance of the Omani economy.

Oil exporting countries Non oil exporting countries

Oil. Oil. This was a big topic.

It is heartening that several Nigerian senators have recently been in the forefront of efforts to strengthen the rule of law in the oil sector.

At the same time, the industrial sector has remained scarcely diversified and is predominantly based on oil and gas in many countries of the region.

However, the region apos s susceptibility to exogenous developments is nowhere more evident than in the oil sector, the mainstay of development in many countries.

It is made from vegetable oil, often soybean oil or sesame oil, although olive oil or other oils may be used.

Oil

Oil?

Oil.