VOL. XXXIX

No. 43

22-July-1996

UAE

UAE Oil Revenue And Trade Statistics

Oil revenue in the UAE increased 11.0% in 1995 to Dh33.2bn ($9bn) from Dh29.9bn ($8.1bn) in 1994, the Central Bank of the UAE reported last week. The bank attributed the increase in revenue to "the noticeable rise in world oil prices to an average $16.64/B in 1995 from an average $15.57/B in 1994." (The average spot price for the OPEC basket of seven crudes was $16.86/B in 1995 and $15.53/B in 1994.)

Meanwhile...