Petroleum

Imbert: Revenue from petroleum now under $2B compared to $19B two years ago

Finance Minister Colm Imbert has said that the revenue this country earned from petroleum in 2016, amounted to just $1.7 billion compared to $19.3 billion two years ago in 2014.

He said when other shortfalls are taken into account, this government had $20 billion less to run the economy, than when the previous government was in office.

He made the revelation at a public meeting in Mt Dor last evening, saying he had only just got the figures.