Middle East Economic Survey

VOL. LIII

No 12

22-March-2010

REGIONAL

Higher Crude Prices Adopted For 2010 Budgets

Oil producing countries have adopted higher prices for their 2010 budgets, according to figures coming in from the latest budget deliberations and approvals. Libya followed its compatriots by assuming a price of $50/B, according to local media, which is up from 2009s $45/B (MEES, 8 March). Furthermore, Iraq and Iran, which had already adopted higher prices for their 2010 budget, have...