VOL. XXXIX

No. 1

2-October-1995

QATAR

Qatar Budget Deficit Reduced By Higher Oil Prices

Speaking at the Fourth International Energy Conference in Venezuela on 27 September, Qatar's Energy and Industry Minister, Mr. 'Abd Allah al-'Attiyah, said that his country's oil revenues for 1995 were higher than expected, but still not high enough to eliminate Qatar's current budget deficit of almost $1bn. Mr. 'Attiyah said that when the 1995-96 budget was drawn up, oil revenues were based on an...