Saudi Arabia

Revenue Minus Production Cost Of Oil

28.86

percent of GDP

Global Ranking

1

Libya43.89

2

Republic of the Congo43.45

3

4

Iraq39.62

5

Saudi Arabia28.86

6

7

Oman24.88

8

Equatorial Guinea22.26

9

Azerbaijan21.86

10

Syria21.32

Middle East Ranking

1

2

Iraq39.62

3

Saudi Arabia28.86

4

Oman24.88

5

Syria21.32

6

Iran20.41

7

Qatar16.91

8

United Arab Emirates16.2

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Definition of Revenue Minus Production Cost Of Oil

Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.

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