VOL. XLII

No. 07

15-February-1999

QATAR

Qatar Approves Oil Price Assumption Of $10/B

The Qatari Minister of Energy, Mr. 'Abd Allah bin Hamadal-'Attiyah, announced on 9 February that his Ministry had "advised theMinistry of Finance to base their budget on the assumption of $10/B oilprice." In a statement to Reuters the Minister acknowledged thatthis was a conservative assumption and that he expected oil prices to bebetter, but that this figure should be used in the forthcoming 1999-2000budget. "If...