Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

MEES Agenda

OPEC 2004 Statistical Review Reveals Sharp Uptick In Revenues

OPECs recently published Annual Statistical Review for 2004 reveals the sharp jump in national oil export revenue during the year, reflecting the surge in oil prices and increase in oil production for member countries. The data also shows that reserves were mostly stable year-on-year and that refinery capacity stayed flat, with the exception of Kuwait. Upstream...