31 December 2012, 14:53

OPEC to scoop $1trl in net revenues

OPEC to scoop $1trl in net revenues

Members of the Organization of the Petroleum Exporting Countries earned a record $1 trillion in 2012.

The OPEC’s net oil revenues amounted to just $200 billion 10 years ago.

Such record high oil export revenues became possible after the average annual price for Brent, the benchmark, hit an all-time high of 111.5$ a barrel in 2012.

Voice of Russia, TASS

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