SAUDI ARABIA - Focus On East Of Suez Markets.

APS Review Gas Market Trends | October 10, 2005 | Copyright

With the exception of OECD Pacific states, oil in east of Suez markets is still not heavily taxed. The benefits of relatively cheap crudes or oil products reaching these markets are felt quickly by the consumers. This is unlike the situation in the OECD region, where governments tax away any major fall in oil prices, be that for revenue or for environmental reasons.

In the US, the Bush administration has since early 2001 resisted repeated demands to to impose a special tax on gasoline as a major boost to finance Iraq's reconstruction. Taxes on oil products in the US ...

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