EIA projects OPEC revenues will be up 55 percent in second half of 1999; Saudi Arabia top earner in groupFull year expected to be up 23.8 percent from 1999, still less than one-fourth of peak 1980 revenues Petroleum News Alaska Staff
A report released by the U.S. Energy Information Administration in August forecast that OPEC oil export revenues for 1999 will be $123.6 billion, 23.8 percent higher than in 1998, which saw the lowest inflation-adjusted oil export revenues since 1972.
Despite this increase, EIA said, OPEC oil reven....
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