AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Qatar bases 2022 budget on oil price of $55/b, up from $40/b in 2021

admin-augaf by admin-augaf
December 9, 2021
in Business, Finance
Reading Time: 1 min read
0
Global Oil Inventories down to pre-pandemic levels says Vitol

Global Oil Inventories down to pre-pandemic levels says Vitol

Share on FacebookShare on TwitterWhatsapp

Doha December 9 2021: Qatar has based its 2022 fiscal budget on an average oil price estimate of $55/b, up from $40/b in 2021, thanks to the improvement in international energy prices, the country's finance minister said Dec. 7.

"The remarkable recovery in global energy prices, which still reflects the continued adoption of conservative estimates of revenues to maintain fiscal balance and limit the effects of oil price fluctuations on the performance of public finances," Ali al-Kuwari said in a statement carried by state-run Qatar News Agency.

Qatar has forecast revenues of Qatari Riyals 196 billion ($53.8 billion), which is up 22.4% from 2021 estimates, he added.


The country had forecast revenues of Riyals 160 billion in 2021, of which Riyals 121.6 billion was oil revenue.

Of the six members of the Gulf Cooperation Council, Qatar will have the lowest fiscal breakeven of $44/b in 2022, down from $52/b in 2021, the Institute of International Finance said in an Oct. 11 report.

The other GCC members are Saudi Arabia, Kuwait, Oman, the UAE and Bahrain.

Qatar, one of the world's biggest LNG exporters, currently has an LNG production capacity of about 77 million mt/year but has plans to boost it to 110 million mt/year with the addition of four more trains, and to 126 million mt/year with two additional trains.



Related Posts

Oil Falls to Near Year’s Lows on China Demand Worries

Citi Warns Oil May Collapse to $65 by the Year-End on Recession

Oil prices climb on tight supply worries

Russia’s Medvedev: oil could top $300-400 if Japan’s price cap idea implemented


Tags: OILQatar
admin-augaf

admin-augaf

Related Posts

China’s Export Growth Beats Expectations, Offering Support
Business

Pakistan Exports and Remittances Decline on Global Slowdown, Says Central Bank

January 30, 2023
Dollar Swaps Face Biggest Collapse Since Fed 2011 Liquidity Plan: Bloomberg
Business

Pakistan Rupee Fair Value Is 266 – Bloomberg

January 30, 2023
China’s Sichuan Frees Unmarried People to Legally have Children
Business

China’s Sichuan Frees Unmarried People to Legally have Children

January 30, 2023

Recent News

China’s Export Growth Beats Expectations, Offering Support

Pakistan Exports and Remittances Decline on Global Slowdown, Says Central Bank

January 30, 2023
Dollar Swaps Face Biggest Collapse Since Fed 2011 Liquidity Plan: Bloomberg

Pakistan Rupee Fair Value Is 266 – Bloomberg

January 30, 2023
China’s Sichuan Frees Unmarried People to Legally have Children

China’s Sichuan Frees Unmarried People to Legally have Children

January 30, 2023
Abu Dhabi Customs Now Provides Possibility of Clearing goods for Non-resident Individuals and Companies

Abu Dhabi Customs Now Provides Possibility of Clearing goods for Non-resident Individuals and Companies

January 30, 2023
Pakistan Sole DAP Manufacturer Reported Loss in Third Quarter on Lower Sales

Pakistan Sole DAP Manufacturer Profitability Drop 64% in 2022

January 30, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Exports and Remittances Decline on Global Slowdown, Says Central Bank
  • Pakistan Rupee Fair Value Is 266 – Bloomberg
  • China’s Sichuan Frees Unmarried People to Legally have Children

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

China’s Export Growth Beats Expectations, Offering Support

Pakistan Exports and Remittances Decline on Global Slowdown, Says Central Bank

January 30, 2023
Dollar Swaps Face Biggest Collapse Since Fed 2011 Liquidity Plan: Bloomberg

Pakistan Rupee Fair Value Is 266 – Bloomberg

January 30, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.