Oman Budget Heading For Surplus Despite Temporary Deficit
Although Oman’s oil production increased by 3.5% to 929,000 b/d in the first five months of 2013 compared to the same period of 2012, oil revenue was more or less flat at OR4.45bn ($11.58bn), according to Oman’s National Center for Statistics and Information. The statistics centre attributed this to a 5.2% fall in the average oil price of Omani crude to $107.56/B in the first five months of...
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