Posted by: mulrickillion | April 15, 2012

EIA – OPEC Revenues Fact Sheet – April 2012

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U.S. Energy Information Administration (EIA)

Last Updated: Apr. 13, 2012 — Download Full Country Analysis Brief

OPEC Oil Export Revenues

Based on projections from the EIA April 2012 Short-Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn an estimated $1,171 billion of net oil export revenues in 2012 and $1,133 billion in 2013. Last year, OPEC earned $1,026 billion in net oil export revenues, a 33 percent increase from 2010. Saudi Arabia earned the largest share of these earnings, $312 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earnings reached $2,684 in 2011.

Methodology

This report includes estimates of OPEC net oil export revenues. For each country, estimates of oil production and consumption from the latest version of the STEO are used to derive net oil exports. EIA assumes that these exports are sold at prevailing spot prices. For countries that export several different crude varieties, EIA assumes that the proportion of total net oil exports represented by each variety is equal to the proportion of the total domestic production represented by that variety; in other words, since it is assumed that Arab Medium represents 20 percent of total oil production in Saudi Arabia, then it is assumed that Arab Medium represents 20 percent of total net oil exports from Saudi Arabia.

>>View entire series (1975-2013)

>>View entire series (1975-2013)

U.S. Energy Information Administration (EIA)


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