VOL. XXXVII
NO. 15
10-JANUARY-1994
Financial and Banking News
Budgets & Revenues
The Revenue Assumptions Behind the Budget
MEES understands that the guidelines underlying the 1994 budget include oilproduction of 8mn b/d during the first half of the year and contingency planningfor the possibility that a return of Iraqi exports at around their pre-war levelcould necessitate a cut of up to 1mn b/d in the second half. Other guidelinesinclude a price for Arabian Light of $15/B in the first half and...
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