VOL. XXXII

NO. 37

19-JUNE-1989

OIL REVENUES OF OAPEC COUNTRIES ESTIMATED AT $60.2BN IN 1988

The 1988 oil revenues of the member countries of the Organization of ArabPetroleum Exporting Countries (OAPEC) have been estimated at $60.2bn, a fall ofsome 4.75% from the $63.2bn earned in 1987, according to OAPEC's Annual Report for 1988, which has just been released. OAPEC also estimates from initialprovisional figures that 1988 revenues are 40.5% lower than those in 1984.Calculated in real terms on the...