Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-05-26 18:20:00



Edinburgh has vowed it will have the resources to invest in an oil fund from the point of independence, amid a growing UK Treasury attack on the fiscal case for scrappingthe union.

The Treasury will on Wednesday publish a much-trailed report on an independent Scotland's fiscal prospects: it will emphasise the problems posed by dwindling North Sea oil receipts, an ageing population and the costs of setting up a new state.

In an effort to blunt the assault, the Scottish government said the relatively large per-capita tax take in Scotland, when North Sea receipts are included, showed that it would "start life with strong public finances" and be in "prime position" to begin immediate investment in a national oil fund.

However, given that Scotland would face a large fiscal deficit, diverting income into such a fund would mean increased borrowing at the relatively high interest rates that international markets would probably demand of a new state.

Edinburgh said it would lay out where the money would come from on Wednesday, when it will publish updated forecasts for public finances in 2016-17, the proposed first year of independence.

These will have to take into account a steep fall in oil and gas revenues since the projections used in its white paper on independence last year.

London argues that falling oil revenues are easier to cope with in a larger union.

The Treasury's report this week will try to put a number on the fiscal benefit for Scotland of staying in the UK.

The report adopts the research of a Canadian academic to calculate the costs of setting up a state. This puts the price at 0.4-1 per cent of gross domestic product.

The Treasury has taken the higher 1 per cent figure – equivalent to £1.5bn, or £300 per person in Scotland – as what it calls a conservative basis for its calculation of the total cost of independence.

It said the actual cost would be "likely to be far greater", citing what it called a Scottish government estimate that it would need to create 180 new institutions.

Alex Salmond, Scotland's first minister, dismissed the Treasury claim as "ridiculous", saying the Edinburgh administration had never suggested that it would need 180 new government departments and throwing doubt on the rest of the analysis.

"It leaves the Treasury's claims about the finances of an independent Scotland without a shred of credibility," he said.

However, Edinburgh has offered few details of how much it thinks setting up a new state might cost and the first minister did not offer an alternative estimate.




2018, January, 19, 12:15:00


PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

2018, January, 19, 12:10:00


AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

2018, January, 19, 12:05:00


WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

2018, January, 17, 23:50:00


REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

All Publications »