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Sunday, February 19, 2012

''Kuwait posts record income, surplus following high oil prices''

"Oil income is forecast to contribute around 95 percent of the revenues, according to NBK which said the average price for Kuwaiti oil will be about $109 a barrel way above the budget price of $60 a barrel.
Kuwait, which ended the past 12 fiscal years in surplus amassing over $200 billion, will also post a record windfall topping $41 billion at the end of 2011/2012 year, NBK said."

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