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Kuwait, an OPEC member, generated approximately $320 million daily from hydrocarbon exports in the fiscal year 2022-2023, due to a significant surge in oil prices, according to official data released on Thursday. During that fiscal year, which concluded on March 31, the Finance Ministry report indicated that the average price of Kuwait's crude soared to nearly $97 per barrel, marking one of its highest levels, as reported by the Kuwaiti daily Alqabas.

Kuwait nets $320mln a day from oil sales in 2022-2023

Kuwait, an OPEC member, generated approximately $320 million daily from hydrocarbon exports in the fiscal year 2022-2023, due to a significant surge in oil prices, according to official data released on Thursday. During that fiscal year, which concluded on March 31, the Finance Ministry report indicated that the average price of Kuwait’s crude soared to nearly $97 per barrel, marking one of its highest levels, as reported by the Kuwaiti daily Alqabas.

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