The Large Oil Of The Middle East Oil Has A Current Account Surplus Of 165 Billion Usd

This year's oil price increase will help Middle East oil producers record current account surplus at 165 billion USD in 2021, compared with the current account deficit of 6 billion USD by 2020, Taiyan Institute International main (IIF) said in a report. IIF, oil exploitation and exporting countries in the Middle East and North Africa (Mena) will also record $ 138 billion of current account surplus in the year 2022, based on the forecast of Brent oil prices at a threshold of 66 USD / barrel next year. This year, an estimated current account surplus based on Brent oil price prospects reached 71 USD / barrel. Mena area "has surpassed the economic storm from the medical crisis", Iif added that price Higher energy is expected to improve the financial situation and current accounts in other oil exporters, oil importers will continue to record a high deficit, government debt and ventricular rate Industry, IIF said in the report. "While the economy continued on the recovery momentum, the division of macroeconomic prospects appeared in the region

... the difference in economic activity between Oil exporters and oil imports have been expanded, "said research institute Iif said that foreign assets public by oil exporters in the Gulf will exceed 3 trillion USD by the end of 2022 , including foreign exchange reserves and reserves at sovereign asset funds. The recovery of oil demand and oil prices bring benefits to Middle East oil operators this year, after a 2020 full Difficulties such as oil revenue in the world's leading oil exporter, Saudi Arabia, is flowing at the highest rate for three years, thanks to strong recovery prices since the beginning of the year now on. Oil revenue reached 19 billion USD in July, according to Bloomberg data. Binh An

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