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LNG Heavyweight Qatar Sees Surplus Jump 12-Fold on Energy Profit

  • Country reports $12.8 billion surplus in first half of 2022
  • Energy revenue offset increases in government spending
Doha, Qatar. 

Doha, Qatar. 

Photographer: Giuseppe Cacace/AFP/Getty Images

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Soaring energy revenues propelled a 12-fold jump in Qatar’s budget surplus to 47.3 billion riyals ($12.8 billion) in the first half of 2022, data showed, boosting the fortunes of one of the world’s richest nations.