Oil accounts for 98 per cent of exports and 80 per cent of the countries fiscal revenues. (blog.politics.ox.ac.uk)
However, its economy is highly reliant on oil and gas and as such, only around 20 per cent of exports are made up of higher technology products. (social.hays.com)
He proposed to limit debt service payments to 10 per cent of export earnings and refused to pay the IMF the arrears it asked for. (newscientist.com)