Contrary to Fiscal Deficit Narrative, Nasser Al Khalifa Announces 125% Increase in Bahrain's Oil Profits
2023-05-18 - 7:56 م
Bahrain Mirror: The Chairman of the Board of Directors of the Oil and Gas Holding Company, Nasser bin Hamad Al Khalifa, revealed that the company "achieved a significant profit of 125%, mainly driven by the increase in production and increase in oil prices from $ 66 to $ 95 per barrel, during the past year" 2022.
It is worth noting that Nasser Al Khalifa's statement contradicts the Bahraini government's announcement on a fiscal deficit in the budget and low fiscal surplus, at a time poverty among citizens and unemployment are increasing.
اقرأ أيضا
- 2024-07-10Bahraini Authorities Summon Head of Sanabis Ma'tam, Threaten "Actions" Due to Mourners' Chants Against Israeli Occupation
- 2024-07-10Political Prisoner Mohammad Al-Raml's Family Say He's Vomiting Blood Due to Poor Conditions, Fear for His Life
- 2024-07-09Ali Al-Majed Arrested After His Return to Bahrain
- 2024-07-08Yusuf Al-Muhafdha: Convicted Returnees to Bahrain Have the Right to a Lawyer, Retrial, and Legal Guarantees
- 2024-07-08Reciter Mahdi Sahwan: Head of Manama Police Informed Me of Ban on Reciters Traveling to Commemorate Ashura