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Article: Spoilt for choice: Riyadh may have some SR 100,000 million floating around in surplus after this financial year.(Economy)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- September 17, 2004
- Author:
CopyrightCOPYRIGHT 2004 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On the face of it the Saudi economy could not be more healthy The coincidence of ballooning oil demand and a worldwide hydrocarbon supply squeeze has driven oil prices to levels not seen for a generation. Unsurprisingly, the largest oil exporter in the world and the only producer claiming significant locked-in capacity is in a position of great strength. The kingdom has not only reaped the benefits of an average export price of $33 a barrel so far this year, but has also raised its production level to nearly 1 million barrels a day above its quota. This is set to result in a 16 per cent expansion of the oil sector this year. And this, in turn, will provide the fuel for ...
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... ... New Delhi, March 20 -- Bahrain's Crown Prince Shaikh Salman bin Hamad Al Khalifa will ... between the two countries. Later, the Crown Prince will hold talks with Minister of State ... Affairs Minister Vayalar Ravi. The Crown Prince, who arrived here on a three-day ...
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