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...
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