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Friday 20 June 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
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hydrocarbon

Saudi Arabia lowers tax on Aramco from 85% to 50%

Themuslimchronicle, themuslimchronicleSaudi Arabia lowers tax on Aramco from 85% to 50%256071/83
Riyadh - Arab Today
The Saudi Press Agency said the royal order to impose income tax on producers of oil and hydrocarbons (oil and gas) in the Saudi kingdom has been issued. The tax will be as follows: 50% to be imposed on producers whose total invested capital in the kingdom exceeds 375 billion SAR ($100 billion). 65% to be imposed on producers whoseRead more

India announces new hydrocarbon exploration

Themuslimchronicle, themuslimchronicleIndia announces new hydrocarbon exploration248265/84
Houston - Arab Today
India has announced a new hydrocarbon exploration licencing policy which offers single licence to explore conventional and unconventional oil and gas resources, as the country seeks to propel investment in the energy sector. Christened "Hydrocarbon Exploration Licensing Policy" or HELP, the new policy also gives the investors the much needed freedom in pricing and marketing for crude oil and naturalRead more

Morocco Imposes Environmental Standards on Its Partners

Themuslimchronicle, themuslimchronicleMorocco Imposes Environmental Standards on Its Partners242392/179
Rabat - Arab Today
Partners of the National Office of Hydrocarbons and Mines (ONHYM) are now required to carry out environmental impact assessments before starting their work, in accordance with environmental regulations, announced Director General (DG) of the office, Amina Benkhadra. In the context of the various hydrocarbon exploration and exploitation projects in Morocco, both onshore and offshore, all these partners have QSE (Quality,Read more

Total confident despite volatile oil prices

Themuslimchronicle, themuslimchronicleTotal confident despite volatile oil prices238289/244
Paris - AFP
French oil major Total said Thursday it planned to increase its dividend to shareholders as it expressed confidence earnings could withstand the current volatility in oil prices. Total said in a statement that its headline net profit soared 22 percent to $6.2 billion (5.8 billion euros) in 2016. However, the adjusted net profit, which is tracked by analysts because itRead more

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