VOL. XXXVII

NO. 36

6-JUNE-1994

OAPEC

OAPEC Oil Revenue Declines In 1993

Oil export revenue of the 11 member states of the Organization of ArabPetroleum Exporting Countries (OAPEC) fell by 4.4% to $91.89bn in 1993 ascompared with $96.14bn in the previous year, according to the OAPEC SecretaryGeneral's Annual Report for 1993. The major revenue increase was registered byKuwait as a result of a continued growth in oil production, with oil revenueincreasing from $6.22bn in 1992 to $9.5bn in 1993 (see...