Brunei Darussalam Review 2010
[The Oxford Business Group reported the following on 21st January 2011.] Brunei Darussalam Review 2010 For Brunei Darussalam 2010 was a year of consolidation and building for the future. The economy has emerged from two years of negative growth amidst the fallout from the global financial crisis, and there are projections of better things to come in 2011. While final year-end figures have yet to be released, it seems the Asian Development Bank’s forecast for GDP expansion of 1.1% will likely be met. With the hydrocarbons sector contributing around 90% of Brunei Darussalam’s GDP, a steep rise in prices – with oil ending the year just under the $90 mark and expectations that it could top $100 in early 2011 – could have a major impact on the economy. Additionally, oil production is set to increase in coming years to 200,000 barrels per day (bpd) or more, as a result of new fields coming on stream and of long-term efforts to raise output from existing fields to above the average of 190,000