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Brazil renewables will gain priority amid challenges

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BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

Saudi Aramco will seek to manage rapid industry change

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SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Turkmenistan is ill-equipped to adapt to low gas price

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TURKMENISTAN

Shortages in Turkmenistan despite gas wealth.

Kenyan president faces economic reform challenges

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KENYA

In this context, he faces major challenges, having promised a policy broadly in line with IMF recommendations -- to strengthen fiscal and debt management, widen the tax base…

Gulf states set for major spending cutbacks in 2016

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GULF STATES

This comes as Gulf Cooperation Council (GCC) states begin serious reforms to adapt to a new period of low oil prices. The United Arab Emirates (UAE) led the way in August 2015 by…

Indonesian energy reform eyes public-private balance

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INDONESIA

Proposed reforms in the oil and gas sector.

Oil and gas prices boost Oman's financial position

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OMAN

The Gulf state’s finances had been under pressure for some time, with steadily rising debt levels and only fitful progress towards economic diversification. It can now look…

Algeria to raise spending despite revenue squeeze

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ALGERIA

The government has depleted the Fonds de Regulation des Recettes (FRR -- Algeria's oil stabilisation fund) that it set up in 2000 to help finance fiscal deficits, and announced…

Algeria’s budget will drive up public debt

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ALGERIA

The budget is geared towards boosting living standards ahead of the presidential elections towards the end of the year, in which President Abdelmadjid Tebboune will most likely…

New Zealand government may achieve transformation

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NEW ZEALAND

Fourteen days beforehand, Ardern said no new offshore oil and gas exploration permits would be awarded -- evidence she said of the “government of transformation” she promises. The…