
Syrian Oil and Gaz News
Syrian government estimated its general revenue in the draft budget 2011 by / 454.467 / billion SP, including 189.408 billion of oil revenues based on an estimate price of a barrel of oil by $ 55 for light oil and $ 48 for heavy.
The government estimated the total general revenues of $ 454.467 billion Syrian pounds in the draft budget in 2011 for 400.494 billion Syrian pounds in the 2010 budget an increase of $ 53.973 billion for, an increase average of 13.5%.
The Government indicated in its financial statement, which was referred to the parliament for discussion that the oil revenues “income of the oil companies,” estimated at $ 189.408 billion Syrian pounds in the draft budget for 2011, a rate of 92.2% of the total revenues of local self, where the distribution of oil revenues to the terms of budget revenues Assembly “economic surpluses – The income taxes – the right of royalty to the State Government for service contracts and the company’s production of the Syrian oil from heavy oil,” according to the classification guide addresses the items in the general budget of the state.
the government based its estimates of general revenue in accordance with a set of data that the most important:
Was estimated price of a barrel of oil in the draft budget for 2011, U.S. $ 55 a barrel of light crude and $ 48 per barrel of heavy oil and that any changes in these prices approved will be reflected on the income of the draft budget for 2011 and therefore the estimated shortfall in the draft budget increase or decrease .
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