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Oman Posts $2 Billion Surplus in First Half on High Oil, Gas

Muscat, Oman.

Muscat, Oman.

Photographer: Christopher Pike/Bloomberg

Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas.  

Revenue rose more than 54% in the second quarter to about 6.7 billion rials, while total spending increased by 8.6% to 5.9 billion, according to the Finance Ministry. Crude oil revenue stood at 3.19 billion rials, while the equivalent figure for gas was 1.73 billion.