Saudi Arabia's revenue from oil and petroleum products rose 48%, says OPEC
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Tue July 17, 2012 11:10 am

Saudi Arabia’s revenue from exports of crude oil and other petroleum products jumped 48% in 2011 as shipment volumes increased over the previous year, OPEC reported.

The world’s largest crude exporter shipped oil and products valued at US$318.5 billion last year compared with US$215.4 billion in 2010, the Organization of Petroleum Exporting Countries said in its annual statistical bulletin.

Saudi exports of crude and other petroleum products rose 6.9% to an average of 8.12 million barrels a day last year, according to the data posted on OPEC’s website yesterday.

Iran, the group’s second-biggest producer after Saudi Arabia, exported crude and petroleum products valued at $114.8 billion compared with $72.2 billion in the previous year, the data showed. Iran’s revenue increased even as the volume of the nation’s shipments fell 8.5 percent, according to OPEC.

 

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 13, 2017
INTERNATIONAL. As our systems will get smarter, so too will our ability to understand their interconnectedness. Imagine the transformative power we could unlock if we could see the cumulative impact of a billion small actions in motion. Could IoT be the hero to save us from ourselves?
date:Posted: December 13, 2017
UAE. The practice sees companies providing annual reports which cover long-term strategy, business model and a broader concept of "value" taking in to account external stakeholders.
date:Posted: December 13, 2017
UAE. Security blossoms in the boardroom; Ransomware has not gone away; IoT - a security time-bomb; Cloud insecurity - it's up to you; GDPR - have most businesses missed the point?
INTERNATIONAL. As our systems will get smarter, so too will our ability to understand their interconnectedness. Imagine the transformative power we could unlock if we could see the cumulative impact of a billion small actions in motion. Could IoT be the hero to save us from ourselves?
dhgate