June 15, 2011

OPEC Export Revenues to Top $1 Trillion

From the Energy Information Administration:

Based on projections from the EIA June 2011 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $1,034 billion of net oil export revenues in 2011 and $1,117 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. 

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