Middle East Economic Survey


No 48



Omans 2010 Draft Budget Based On $50/B Oil

Oman will base its 2010 budget revenue on an oil price assumption of $50/B, up $5/B from last years price, the Minister of National Economy Ahmad Makki announced last week. Oil production is targeted at 870,000 b/d in 2010, up from 805,000 b/d projected for 2009, with the aim of achieving oil output growth for the third consecutive year after a period of decline (MEES, 12 January).

The draft...