VOL. XXXVIII

NO. 38

19-JUNE-1995

OAPEC

OAPEC Oil Revenues Decline By 5.5% In 1994

The oil and gas export revenue of the 11 member states of the Organization ofArab Petroleum Exporting Countries (OAPEC) fell by 5.5% to $82.4bn in 1994 from$87.2bn in 1993, according to the OAPEC Secretary General's Annual Report for1994 (see tables on pages D3-D6). The report also includes a table whichcalculates the member countries' oil revenues from 1970 to 1994 at currentprices and real prices, using 1973 as the...