The International Monetary Fund says that the total oil revenues of the member states of the Organization of Petroleum Exporting Countries will surpass one trillion dollars in 2011 and Iran will earn about $100 billion of that sum.
According to a new IMF report entitled "World Economic Outlook", the aggregate oil income of the 12 members of OPEC reached $766 billion in 2010, and it is expected that the figure will hit a new record in 2011 on high oil prices and reach $1.093 trillion.
The IMF forecasts that Iran's oil income will rise $25 billion in 2011 compared to 2010 and will reach $97 billion.
The OPEC Reference Basket (ORB) was on average $77 barrel per day (p/d) in 2010 and rose to $104 p/d in the first four months of 2011.
The new OPEC Reference Basket (ORB), which was introduced on June 16, 2005, is currently made up of the following types of oil: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (the United Arab Emirates), and Merey (Venezuela).
The IMF report said that Saudi Arabia's oil revenues will hit $324 billion in 2011 and the oil revenues of other OPEC members will also increase remarkably this year.
OPEC was founded in Baghdad in September 1960 with the signing of an agree... >>>
Person | About | Day |
---|---|---|
نسرین ستوده: زندانی روز | Dec 04 | |
Saeed Malekpour: Prisoner of the day | Lawyer says death sentence suspended | Dec 03 |
Majid Tavakoli: Prisoner of the day | Iterview with mother | Dec 02 |
احسان نراقی: جامعه شناس و نویسنده ۱۳۰۵-۱۳۹۱ | Dec 02 | |
Nasrin Sotoudeh: Prisoner of the day | 46 days on hunger strike | Dec 01 |
Nasrin Sotoudeh: Graffiti | In Barcelona | Nov 30 |
گوهر عشقی: مادر ستار بهشتی | Nov 30 | |
Abdollah Momeni: Prisoner of the day | Activist denied leave and family visits for 1.5 years | Nov 30 |
محمد کلالی: یکی از حمله کنندگان به سفارت ایران در برلین | Nov 29 | |
Habibollah Golparipour: Prisoner of the day | Kurdish Activist on Death Row | Nov 28 |