Post Tagged with: "sovereign fund"

OPEC Countries: When the Money Runs Out, Then What?

OPEC Countries: When the Money Runs Out, Then What?

Bridging the budget gap

Lower commodity prices have hurt the economies of all of OPEC’s members considerably, with many of them needing to borrow money to bridge the budget gap. Libya, in particular, is expected to need large loans through …

Oil Prices Could Deplete Russia’s Sovereign Funds by the End of 2016

Oil Prices Could Deplete Russia’s Sovereign Funds by the End of 2016

“2016 is the last year when we are able to spend our reserves [this] way” – Russian finance minister

Russia’s Ministry of Finance released a draft budget for 2016, which relies heavily on the country’s sovereign fund to bridge its …

October 29, 2015 - 12:46 pm International, Oil and Gas 360 Articles
Iran Fights Sliding Oil Prices by Drawing on its Sovereign Fund, Looks at Raising Taxes

Iran Fights Sliding Oil Prices by Drawing on its Sovereign Fund, Looks at Raising Taxes

As oil prices continue to drop, Iran looks for a way to minimize the damage being done to its economy, but are its plans in OPEC’s best interest?

OPEC member, Iran, is heavily reliant on petroleum exports and adopted a …

November 17, 2014 - 5:29 pm Oil and Gas 360 Articles, OPEC