Sentences with phrase «oil income»
From 2002 to 2013, the state received US$ 450 billion worth of oil income.
blog.politics.ox.ac.uk
According to a fiscal policy rule, the government is allowed to use oil income equivalent to 4 percent of the fund.
A variety of factors, like regulations, exchange and price controls, and insecurity would inhibit the broader Venezuelan economy's ability to respond in the event oil income dried up, Rodriguez added.
According to a recent article in The Financial Times, OPEC nations booked $ 1 trillion in oil income for 2012, a record year.
The paper challenged last week's predictions from the UK Office for Budget Responsibility (OBR) that short - term oil revenues would flatline to produce cumulative tax revenues of # 33.2 bn by 2018, saying that oil income would rise to up to # 57 billion.
Managers of the nation's oil revenue should rethink about the mode of selection and funding of projects with the oil income.