VOL. XXXI

NO. 5

9-NOVEMBER-1987

OPEC/NON-OPEC

Value of OPEC Oil Exports Down 42% in 1986

Figures in the newly published 1986 OPEC Annual Statistical Bulletin showthat as a group the OPEC countries suffered a 41.6% drop in the value of theiroil exports in 1986 - to $77.1bn as compared to $132bn in 1985 - despite anincrease in both production and exports. As the Deputy Secretary General ofOPEC, Dr. Fadhil al-Chalabi, notes in his introduction to the bulletin, thecollapse of oil prices and revenues...