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Kuwait oil revenues climb 15% in 8 months
- Kuwait: Sunday, January 13 - 2013 at 02:58
The National Bank of Kuwait (NBK) has said the country's total revenues for the first eight months of the fiscal year (April-November, 2012) stood at KD21.6bn ($76.7bn), on the back of soaring oil revenues, Kuna has reported. "The 15% year-on-year rise in oil receipts, however, is stronger than expected given a 1% decline in Kuwait export crude prices and a 10% increase in oil production over the same period. Non-oil revenues were also up by some 18% year-on-year to around KD1.1bn," NBK said in its report.
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