{"id":985,"date":"2022-08-07T18:32:14","date_gmt":"2022-08-07T18:32:14","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=985"},"modified":"2022-08-07T18:32:17","modified_gmt":"2022-08-07T18:32:17","slug":"oman-posts-2-billion-surplus-in-first-half-on-high-oil-gas","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/985\/","title":{"rendered":"Oman Posts $2 Billion Surplus in First Half on High Oil, Gas"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas. &nbsp;<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iHvQtv5MXNQ0\/v2\/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE\/-1x-1.png\" alt=\"Crude oil prices are still above where they started in 2022\"\/><\/figure>\n\n\n\n<p>Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year. It plans to use the windfall from surging oil prices to trim its public debt and boost spending on certain projects.<\/p>\n\n\n\n<p>The nation also plans to \u201crepurchase some sovereign bonds, repay high-cost loans and issue local sukuk for trading on the stock exchange\u201d to cut its debt, it added in the statement.<\/p>\n\n\n\n<p>Oil\u2019s surge on the back of Russia\u2019s invasion of Ukraine has pushed crude above the break-even level for almost all the Middle East\u2019s producers, raising the prospect of significant budget surpluses for even the weakest economies if prices remain high. &nbsp;<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2022-08-07T18:32:17+00:00\"> 7 August 2022<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas. &nbsp; 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 [&hellip;]","protected":false},"author":1,"featured_media":986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,20,18,36,19],"tags":[],"services":[],"class_list":["post-985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-gas","category-headline","category-lastnews","category-news"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=985"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/986"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=985"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}