VOL. XLI

No. 51

21-December-1998

OPEC

OPEC Oil Revenues Nearly Unchanged At $161.5Bn In 1997

The value of oil exports by the 11 OPEC member countries in 1997remained nearly unchanged at $161.593bn as compared to $161.560bn in 1996, despite anincrease in total production of 2.7%, or by 663,100 b/d, from an average of 24,769,200 b/din 1996 to 25,432,300 b/d in 1997, according to the 1997 OPEC Annual StatisticalBulletin, which has just been released. The bulk of the increase in production camefrom...