EIA: OPEC Could Earn $750B of Net Oil Export Revenues in 2010

Based on projections from the EIA November 2009 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $576 billion of net oil export revenues in 2009 and $750 billion in 2010.

Last year, OPEC earned $966 billion in net oil export revenues, a 42 percent increase from 2007. Saudi Arabia earned the largest share of these earnings, $285 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $2,676 in 2008, a 40 percent increase from 2007.

 

 

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