Oman repays $2.9 billion in loans in Q1 - finance ministry | Reuters
Oman repaid 1.1 billion rials ($2.86 billion) in loans in the first quarter, finance ministry figures show, bringing total public debt at the end of March to 16.6 billion rials.
Total debt was 17.7 billion rials at the end of 2022.
Oman, among the weaker economies of the Gulf region, repaid the debt through increased government revenue on the back of higher oil prices, the fiscal performance bulletin said.
Net oil revenue reached 1.15 billion rials at the end of February, up from 1.09 billion rials in the same period a year ago, as oil prices averaged $86 per barrel in the period over $81 per barrel at the end of February 2022.
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