OPEC revenues fell to 12-year low

Baku. 16 May. REPORT.AZ/ OPEC revenues from oil exports fell to a 12-year low. 

Report informs citing report of the US Department of Energy (EIA), according to results of 2016, revenues amounted to $ 433 bln, which is 15% less than the corresponding figure for 2015.

Notably, the data for 2016 include Iran's revenues. Share of Saudi Arabia in total revenue for 2016 was 30.7% or $ 133 bln.

According to EIA forecasts, in 2017 OPEC's revenues from exports will amount to $ 539 bln, in 2018 this figure will grow to $ 595 bln.