Middle East Economic Survey
BUDGETS AND REVENUES
Oman Realizes Oil Price Of $27.84/B In 2003
Oman realized an average oil price for its crude oil of $27.84/B in 2003, well above its budget oil price assumption for the year of $20/B, according to figures published in the Central Bank of Omans annual report for 2003. As a result, net oil revenues rose from the budgeted OR1,836mn ($4,769mn MEES, 26 April) to OR2,316.4mn ($6,017mn) an increase of 26%. Realized oil...