Middle East Economic Survey

VOL. LIV

No 42

17-Oct-2011

syria

Syria Raises Budget Oil Price For 2012

The Syrian Minister of Finance Muhammad al-Jleilati told the Syrian parliament earlier this month that the oil price assumption in the 2012 budget has been set at $75/B for Syrian light crude and $65/B for heavy crude (an increase of 36% and 35% respectively from the 2011 values). This compares with $55/B for light crude and $48/B for heavy crude in the current budget (MEES, 13 December...