Middle East Economic Survey
BUDGETS AND REVENUES
OPEC Revenues To Peak At $286Bn In 2004, Says EIA
Combined OPEC export revenues for 2004 are set to rise by 19% against 2003 to hit $286.4bn, according to a June 2004 OPEC Revenues Fact Sheet from the US Energy Information Administration (EIA). The estimate is based on the EIAs reference case forecast for world oil prices and production (with adjustments for Iraq). Total OPEC exports stood at $240bn in 2003 and $195bn in...