Tagoil revenues

Middle East states in line for $1.3 trillion windfall from extra oil revenues

By Marta Lopez
In Business
3 Min Read
M

Middle Eastern states are to land a $1.3tn (£1.09tn) windfall from extra oil revenues over the next four years, according to the International Monetary Fund. The IMF said on Friday it expected oil and gas exporters in the region, notably the Gulf states, to benefit from high prices and opportunities to ramp up their market share. The oil and gas sector is in flux following Russia’s invasion of...

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