VOL. XLIII
No. 34
21-August-2000
OAPEC
OAPEC Members Witness 35.5% Rise In Oil Export Revenues In 1999
According to the 1999 Annual Report of the Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), the total value of oil exports by the member countries rose by 35.5% in 1999 to $104,055mn from $76,770mn the previous year, the highest year-on-year increase in the period 1995-1999. The revenue increase was due to the rise of oil prices since March 1999 in contrast to...
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