Oman's profits rise 23.2% in 5 months due to crude oil



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Oman's profits rose 23.2 percent in 5 months because of crude oil, the Al-Watan newspaper reported, citing Oman's new earnings up 23, 2 percent in five months thanks to crude oil. Information from the National Statistics and Information Center of the Sultanate of Oman on Saturday improved the state of the general budget.

The country's profits rose 23.2 percent in five months in 2018 to settle at 4.091 billion riyals ($ 10.6 billion), while spending rose than 6.1 percent to 4.83 billion riyals ($ 12.56 billion). According to statistics compiled by Oman News Agency (OTV), the Sultanate's profit was boosted by a 34.8% increase in crude oil profits to 2.38 billion riyals ($ 6.19 billion) and a rise of 17.4% of the profits of gas to 682.8 million rials. ($ 1.77 billion), as well as an increase in corporate tax of 23.9% to 352.3 million rupees ($ 916 billion).

Oman benefited from the rise in crude oil prices during the current year, In 2018 to $ 50 a barrel, while the average price of a barrel since the beginning of 2018 around 70

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