OPEC Income from Oil Export to Exceed $1trln in 2009: EIA
Azerbaijan, Baku, 9 October / Trend corr A.Badalova / The US Energy Information Agency (EIA) forecasts income of the Organization of Petroleum Exporting Countries (OPEC) in the amount of $1.084trln a year in 2008 and 2009 as compared to $671trln in 2007.
The OPEC's income from oil export amounted to $821bln from January to September in 2008. In 2007 income of the cartel rose by 10% as compared to 2006, due to the EIA's estimations.
In 2007 majority of income fell on Saudi Arabia - $194bln, which made up 29% of total income of the OPEC in 2007.
According to the EIA's estimations, in 2008 total amount of the OPEC's oil delivery will comprise 37.1mln barrels a day as compared to 35.42mln barrels in 2007. In accordance with forecasts, amount of deliveries will rise by 0.18mln barrels a day to 37.28mln in 2009.
The Energy Information Agency is a statistic agency of the US Energy Department, established by Congress in 1977.
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