| A sharp increase in oil prices will ally with higher crude output to boost the collective income of Gulf hydrocarbon producers to a record high of nearly $608 billion in 2011, according to a semi official study.
The income this year will be nearly 30.7 per cent above the oil export revenue of nearly $465 billion earned by the six-nation Gulf Cooperation Council (GCC) in 2010, showed the study by the government-run Emirates Industrial Bank (EIB)............................................Full Article: Source
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