Kuwait Expects $60Bn Oil Revenue for Fiscal Year 2020

Beltone Financial Holding has expected Kuwait’s oil revenues to grow by 17 percent year on year (yoy), recording KWD18.1 billion ($60 billion) in fiscal year (FY) 2020-2021, up 40 percent from the government’s estimates.

In a recent report obtained by Asharq Al-Awsat, the company attributed this expected growth to rise in oil prices at an average of…

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