VOL. XXXVIIINO. 714-NOVEMBER-1994
OPEC Oil Revenue Fell By $9Bn In 1993
The value of oil exports by the 12 OPEC member countries fell by $9bn, or6.9%, in 1993 despite an increase in production volume of some 1.54% in the sameperiod, according to the recently released 1993 OPEC Annual StatisticalBulletin. OPEC's crude oil production in 1993 rose to 24.542mn b/d, compared to24.169mn b/d in 1992. However, the value of OPEC's oil exports in 1993 fell to$126.094bn from $135.327bn in the previous...