NO. 26


Financial and Banking News

Budgets & Revenues

UAE Oil Revenues Double in 1990, Says New Report

Oil revenues in the UAE more than doubled to Dh78bn ($20.6bn) in 1990,compared to Dh38.5bn ($10.1bn) in 1989, according to a recent study by the DubaiChamber of Commerce. Total crude oil output in 1990 is estimated at 850mnbarrels (2.329mn b/d), up 26% from 675.2mn barrels (1.850mn b/d) in 1989. Thestudy estimates that the UAE exported 90% of its crude output, with about...