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  1. Iraq’s Summer Power Provision Hangs On Emergency Financing Law

    ...at her ministry is drawing up a 2022 budget. But it is not clear how that will pass when the government is powerless constitutionally and parliament is in no position to enact one on its own. Iraq has failed to pass budgets before in recent years. This occurred in 2014 as oil prices collapsed and la...

    Volume: 65
    Issue: 21
    Published at Fri, 27 May 2022

  2. Saudi Reaps Rewards Of Oil Price Boom

    ...a whole. The surge in oil prices following the Russian invasion of Ukraine in late February has caused Saudi monthly oil export revenues to jump above $30bn for the first time since 2014. The kingdom’s flagship Arab Light crude grade averaged $113/B in March amid the fallout from the conflict, pu...

    Volume: 65
    Issue: 21
    Published at Fri, 27 May 2022

  3. Oman’s Finances Surge To Largest Surplus In Eight Years

    ...Oman recorded a $923mn budget surplus for Q1 2022, the largest surplus since 1Q 2014. Oil exporters around the region are notching up multi-year high budget surpluses, but the move into the black is especially notable for Oman which was struggling to achieve budget surpluses even in the pr...

    Volume: 65
    Issue: 21
    Published at Fri, 27 May 2022