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Commodities Briefing - Categorized | Financial, Oil, Performance more

OPEC to earn $1,011 bn net oil export revenues: 2011

Posted on 12 August 2011

Based on projections from the EIA August 2011 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $1,011 billion of net oil export revenues in 2011 and $1,105 billion in 2012.
Last year, OPEC earned $778 billion in net oil export revenues, a 35 percent increase from 2009. Saudi Arabia earned the largest share of these earnings, $225 billion, representing 29 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earnings reached $2,074 in 2010……………………………………….Full Article: Source


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