VOL. XXXI 

NO. 36 

13-JUNE-1988

OAPEC

Arab Oil Revenues Decrease 60% in Five Years

Arab oil revenues in 1987 were 60% lower than in 1983, according to the Organization of Arab Petroleum Exporting Countries (OAPEC) 14th Annual Report, which has just been released. The two countries worst affected by the decline are Saudi Arabia, whose oil revenue decreased from SR186,006mn ($53.84bn) in 1983 to SR79,260mn ($21.16bn) in 1987, and Algeria, whose oil income fell from AD57,500mn...