Qatar To Boost Public Spending On The Back Of Higher Oil And Gas Revenues

Qatar, one of the largest exporters of liquefied natural gas (LNG) in the world, is expected to boost public spending this year on the back of higher oil and gas revenues and a conservative assumption of 2022 oil prices in its budget, Oxford Economics says in a report cited by Gulf Times. Qatar, like other major energy exporters in the Middle East, is set to benefit from the higher oil and gas prices in 2022, Oxford Economics says. Qatar has adopted a budget for 2022 assuming an average oil price of $55 per barrel this year, well below the expectations…