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UAE's oil revenue to hit $100bn
- United Arab Emirates: Sunday, July 20 - 2008 at 08:51
The UAE's oil export revenues are predicted to hit the $100bn mark in 2008 if the price momentum of the first-half of the year remains constant, Gulf News has reported. Abu Dhabi crude oil grades' official selling price (OSP) from January to June this year has averaged $108.32 per barrel, a 73.6% increase on last year, in line with soaring global oil prices.
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Medilyn Manibo, Assistant News EditorSunday, July 20 - 2008 at 08:51 UAE local time (GMT+4)
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