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Kuwait oil revenues up 37.5pc
- Kuwait: Thursday, January 13 - 2005 at 06:10
Kuwait recorded a 37.5 per cent increase in oil revenues for the first eight months of the 2004 to 2005 fiscal year, following high oil prices and increased production quotas, according to a National Bank of Kuwait report. Kuwait's crude oil production was up 6 per cent to 2.4 mbd and its oil fetched an average USD34.20 per barrel, much higher than the USD15 per barrel and 2 mbd used for its budget projections.
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James McInerney, News EditorThursday, January 13 - 2005 at 06:10 UAE local time (GMT+4)
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