Financial and Banking News
BUDGETS AND REVENUES
New Study Sees Mid East Oil Revenues Returning to Peak Levels by 2000
A new study published by the London-based Committee for Middle East Trade(Comet) has suggested that the aggregate oil revenues of Middle Eastern OPECmembers are likely to approach their 1980 peak levels of $220bn by the year2000. This forecast is based on an upper case scenario which foresees an oilprice of $30/B and 20mn b/d of exports from the...