KEYFACT Energy
Qatar had the lowest fiscal breakeven oil price of $48.8 per barrel this year and is expected to be even lower at $45.7 by 2020 and Doha possesses a cushion of $15.2 a barrel to balance its 2019 budget, according to the estimates by Kamco.
Moreover, the non-oil economy is expected to be the strongest in Qatar (within the Gulf region) which is expected to grow oil GDP (gross domestic product) by 3.4% in 2019 and by 3.6% in 2020 led by the preparations for the World Cup in 2022, Kamco said in its report.