Oman government revenues rise 13% on oil price spike

Oman government revenues rise 13% on oil price spike

Oman government revenues were up 13% year-on-year in the first quarter — highlighting how the country is one of the rare beneficiaries of the Iran war, in raw economic terms at least. The gain is mainly down to higher oil and gas revenues, which accounted for around two-thirds of the rise.It is not just the boost from oil prices that is helping the economy. Omani ports have become vital links in new regional logistics networks that have emerged …