VOL. XLIV

No. 05

29-January-2001

KUWAIT

Kuwait And Bahrain Announce Oil Price Assumptions Of $15-18/B For FY2001-02

Kuwaits Finance Minister, Shaikh Ahmad 'Abd Allah al-Sabah, announced on 22 January that the Kuwaiti budget for the fiscal year 2001/02 will be based on an oil price assumption of $15/B compared with $13/B the preceding year. The figure is significantly lower than the average oil price assumption of $20.5/B for the year 2001 for those countries which have ratified their 2001 budgets...