According to information published in the FT, Gulf countries have faced losses of $15 billion from energy resources since the beginning of the conflict.
A study by Kpler indicates that cargoes containing crude oil, petroleum products, and liquefied natural gas worth at least $10.7 billion are stuck in the Strait of Hormuz. These goods are on ships but cannot reach their destinations.
The largest losses have been incurred by Saudi Arabia, which ranks among the leading oil exporters. According to estimates by Wood Mackenzie, the kingdom has lost about $4.5 billion since the onset of hostilities.
Iraq has also found itself in a difficult situation, as 90% of its government revenues depend on oil production. Additionally, Kuwait and Qatar are under significant threat due to potential supply blockages.
According to Wood Mackenzie, the total losses from deferred sales and oil tax revenues for Gulf countries, including Saudi Arabia, Iraq, the UAE, Kuwait, and Bahrain, have amounted to $13.3 billion. This data highlights the economic losses associated with the war for the states in the region.
The record "Gulf countries have lost $15 billion in energy revenues since the start of the war" first appeared in K-News.
