A recently published economic report by the HSBC in the United Arab Emirates predicted oil revenues for Arabian Gulf states to reach $140 billion for 2001. The report added that the price of crude oil (Arabian light oil) per barrel increased from $10.7 in 1998 to $23.5 in the first 11 months of 2001, reported Al-Watan . — (menareport.com)
© 2001 Mena Report (www.menareport.com)
