The International Monetary Fund (IMF) on Monday said that oil exporters in the Middle East had lost $390 billion in revenue due to lower oil prices in 2015, but warned that they could face even worse losses this year.
The IMF in a report said the revenue losses of the region’s oil exporters could reach between $490 billion to $540 billion as oil prices are expected to plunge deeper.
The Fund had projected in October that oil exporting countries in the region would see revenue losses of $360 billion in 2015, but oil prices took a tumble by year’s end and the drop in revenue amounted to $30 billion more .... http://www.presstv.ir
