17.02.2017

Firm intention to start development within a reasonable time frame

The total sum of these with the addition of linkage differentials from the conclusion of the tax year wherein these were paid until the conclusion of the tax year with respect whereto the levy factor is being calculated.

Middle East Economic Survey (MEES) is a subscription-only weekly newsletter focusing on the region’s energy strategies and developments, within their economic and political contexts. MEES charts trends in oil and gas, and the industries that rely on them.

Natural gas is found in two basic forms: associated gas and nonassociated gas. Associated natural gas is natural gas that occurs in crude oil reservoirs either as free gas (associated) or as gas in solution with crude oil (dissolved gas). Nonassociated gas is natural gas that is not in contact with significant quantities of crude oil in the reservoir.

The term oil shale generally refers to any sedimentary rock that contains solid bituminous materials (called kerogen) that are released as petroleum-like liquids when the rock is heated in the chemical process of pyrolysis