OPEC net oil export revenues, Saudi Arabia earned $311 billion in 2012

OPEC net oil export revenues, Saudi Arabia earned $311 billion in 2012

EIA estimates that Organization of the Petroleum Exporting Countries (OPEC), not including Iran, earned about $982 billion in net oil export revenues in 2012, a 5-percent increase from 2011, and the largest level over the 1975-2012 period for which EIA has tracked OPEC oil revenues.
Saudi Arabia earned the largest share of these earnings, $311 billion in 2012, representing approximately 32 percent of total OPEC revenues. Based on projections from the U.S. Energy Information Administration’s (EIA) July 2013 Short-Term Energy Outlook (STEO), EIA estimates that members of OPEC, not including Iran, could earn about $940 billion of net oil export revenues in 2013 and about $903 billion in 2014, in nominal terms (unadjusted for inflation).
Full Report: www.eia.gov
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