No 47



OAPEC Oil Revenues Fall By 22% To $139.6Bn In 2001

The OAPEC member countries oil export revenues registered a marked decline in 2001, falling by more than 22% to $139.6bn from $179.0bn in 2000, according to the OAPEC Secretary Generals Annual Report for 2001. The report states that events in the world oil market in 2001, particularly those related to crude oil prices and production levels, had resulted in this change in the oil revenues of the member...