MIDDLE East petro-state Kuwait is poised to significantly boost its oil revenues to more than $81.9 billion this financial year, led by robust oil prices. Oil revenues for the fiscal year 2022-2023 - which ends on 31 March - are expected to exceed 25 billion dinars ($81.9 billion) for the first time in several years after reaching 20 billion dinars in the first three quarters, according to a report by Kuwaiti regional news service Al-Qabas quoting government sources. Brent crude prices are expected to average significantly more than Kuwait's previously budgeted target of $80 per barrel during the current financial year, leading to oil revenues not seen in the past decade.
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