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Commodities Briefing - Categorized | Financial, Oil more

OPEC countries earn $1.15tr in 2012

Posted on 09 January 2013

The Organization of Petroleum Exporting Countries (OPEC) earned nearly $1.154 trillion last year. It projected the earnings to remain at a historically high level of around $1.12 trillion in 2013.
The dataset is from their industry leading Global M&A Energy Transactions Database and includes all upstream oil and gas deals with values disclosed. According to Brian Lidsky, Managing Director with Houston-based PLS Inc., “Total deal value in 2012 surged 50 per cent higher versus 2011 to a record of $254 billion, eclipsing the prior record of $212 billion in 2010………………………………………..Full Article: Source


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