Sentences with phrase «oil revenue projection»
I am only impressed because for the first time as I said earlier, oil revenue projection has taken a second position in our budget, which is a good development.
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For its 2018 projections, Franco - Nevada expects attributable royalty and stream production to total 460,000 to 490,000 GEOs (gold equivalent ounces) from its mineral assets and revenue of over $ 50 million from its growing oil and gas assets.
The World Bank report noted that the resulting forecasts form basis for budget planning, adding that «these forecasts are frequently inaccurate, often by wide margins; ideally, oil - revenue projections should err on the side underestimation, as overestimating future revenues can disrupt investment execution and undermine debt sustainability.»
The former Minister indicated that the current projection on oil revenue do not look promising to reach a double of what accrued in previous years, hence will definitely not be sufficient to fund Free SHS.