Oman sees 13% revenue gain from oil and gas
Oman experienced a 13% increase in its total public revenues until the end of the second quarter of 2026, amounting to approximately 6.6 billion Omani riyals. The main reason behind this rise is the increase in oil revenues. Oil revenues also grew by 10%, reaching about 3.33 billion riyals, with an average oil price of $74 per barrel and a daily production of 1.074 million barrels. Additionally, gas revenues increased by 32%, reaching 1.16 billion riyals. Despite these positive gains, public spending rose by 9% to 6.62 billion riyals, driven by higher current and developmental expenditures. The total public debt stood at 14.16 billion riyals, marking a slight increase of 0.3%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)