VOL. XL

No. 46

17-November-1997

OPEC

OPEC Oil Revenues Rise By $28.46Bn In 1996

The value of oil exports by the 11 OPEC member countries in 1996 rose by $28.46bn, ormore than 21.5%, from $123.64bn in 1995 to a provisional $160.624bn in 1996, despite amodest increase in the total production volume averaging 24,769,200 b/d in 1996 ascompared with 24,600,800 b/d in the previous year, according to the 1996 OPEC AnnualStatistical Bulletin which has just been released. In 1996, crude oilproduction...