Middle East Economic Survey
BUDGETS AND REVENUES
Qatars Fiscal Year 2003-04 Oil Price Exceeds Forecast
Qatars oil price averaged $28.1/B in fiscal year 2003-04, which is considerably higher than the budgeted oil price which was set at a conservative $17/B, said Qatar National Bank (QNB) in its Qatar Economic Review published in April 2004. Qatars oil production averaged 710,000 b/d during the fiscal year, which is up from the previous 671,000 b/d. Based on these...