Oman Sees $930M Budget Surplus As Oil Revenues Soar ...Middle East

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Oman Sees $930M Budget Surplus As Oil Revenues Soar
source : OILPRICE ( Middle East ) () 20
Oman has jumped from a budget deficit last year to a $930 surplus as of the end of the first quarter  of 2022, thanks to a significant increase in oil revenues by more than 70%, Reuters reported.  Oman saw gas revenue for Q1 more than double.  In March, Oman’s oil production reached a two-year high, with the country–a member of the Gulf Cooperation Council (GCC)--meeting its quota as outlined in the OPEC+ production deal for the first time in 2022.  Oman’s oil production averaged 1.04 million barrels per day…

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