Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

oman

Oman Registers Oil Revenue Decline In First Eight Months Of 2009

A decline in oil prices and customs revenue has led to a 26.7% fall in Omans earnings during the first eight months of 2009, according to the Ministry of National Economys September 2009 Statistical Bulletin. Total revenue fell to OR4,240.7mn ($11,011.95mn) for the year to end-August, from OR5,787mn ($15,027.27mn) during the same period in 2008. Net oil revenue dropped 36.3%...