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Commodities Briefing - Categorized | Oil, Performance more

OPEC countries earned $ 982 bln net oil export revenues in 2012

Posted on 26 July 2013

The OPEC countries, excluding Iran, witnessed a five per cent increase in net oil export revenues in 2012 from the previous year, amounting to earnings of about$982 billion, the US Energy Information Administration (EIA) has estimated.
This is estimated to be the largest level over the 1975-2012 period for which EIA has tracked OPEC oil revenues. According to EIA’s revenues fact sheet, Saudi Arabia earned the largest share of these earnings,$311 billion in 2012, representing approximately 32 per cent of total OPEC revenues……………………………………….Full Article: Source


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