Middle East Economic Survey


No 45



Oman Bases 2011 Budget On $58/B Oil

Omans 2011 budget will be based on an oil price assumption of $58/B, according to a decision taken at a meeting on 1 November of the Financial Affairs and Energy Resources Council to discuss the outlines of next years budget. The budget oil price assumption was $50/B in 2010 and $45/B in 2009 (MEES, 11 January). The Oman economy is expected to grow by 6.1% in 2010 according to the Omani Minister...