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Oman oil revenue down 36%
- Oman: Thursday, October 22 - 2009 at 10:48
According to data from Oman's Ministry of National Economy, the Sultanate's net oil revenues in the first eight months of 2009 have dropped 36.3% on weakened oil prices, Reuters has reported. Oman sold its oil at an average price of $50.18 per barrel in January to August, down 49.9% from the same period last year, the data showed. However, the non-OPEC GCC country had increased total expenditure to OR4.3bn in the first eight months of 2009, up 1.7% compared to the same period last year, according to the data.
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StaffThursday, October 22 - 2009 at 10:48 UAE local time (GMT+4)
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