Publication Date:
Thu, 2001-06-14 05:23
WASHINGTON, 14 June — The Saudi oil revenue is projected to reach $62.6 billion this year which will be $7.4 billion less than last year, according to a report of the American Energy Information Office.
The real GDP growth this year will be 2.1 percent, half of the previous year’s level. This year the revenue is down because of the lower average oil price compared to last year. The report also pointed to a balanced budget this year.
The report said the Kingdom topped the countries which exported crude to the United States. It was followed by Venezuela and Mexico.
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