Arab Today, arab today uae oil income put at 48bn in h1
Last Updated : GMT 08:23:11
Arab Today, arab today
Arab Today, arab today

UAE oil income put at $48bn in H1

Arab Today, arab today

Arab Today, arab today UAE oil income put at $48bn in H1

Abu Dhabi - Arab Today

Country earned US$100bn in 2012, more than 10% of OPEC income The UAE earned around US$48 billion from oil exports in the first half of 2013 after netting its highest income in 2012 because of strong oil prices and high crude output. Figures by the Energy Information Administration (EIA) of the US Department of Energy showed the UAE\'s oil export earnings hit a record high of US$100 billion in 2012, more than 10 per cent of OPEC\'s total income of nearly US$982 billion. The figures showed the UAE was the second largest earner in the 12-nation Organisation of Petroleum Exporting Countries after Saudi Arabia in the first half of 2013 and in 2012 although it far lagged behind Iran in crude production. Saudi Arabia, the world\'s dominant oil exporter, earned around US$142 billion in the first half of 2013 and a record high of US$311 billion in 2012, nearly a third of OPEC\'s income. Iran\'s income was put at US$98 billion in 2011 but EIA gave no figures for 2012 and 2013, citing what it described as difficulties associated with estimating the country\'s earnings. In the first half of 2013, the income was estimated at US$44 billion for Kuwait, US$43 billion for Iraq, US$42 billion for Nigeria, US$33 billion for Angola, US$30 billion for Venezuela, US$29 billion for Algeria, US$26 billion for Qatar, US$24 billion for Libya and US$five billion for Ecuador. EIA estimated OPEC\'s combined income in 2012 at US$982 billion, excluding Iran, and around US$466 billion in the first half of 2013. It projected the cartel\'s earnings to fall to about US$940 billion in 2013 and nearly US$903 billion in 2014 due to an expected drop in crude prices. EIA\'s data showed OPEC\'s 10-year oil export earnings for 2005-2014 could reach a whopping US$7,991 billion. Source: Emirates 24?7

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae oil income put at 48bn in h1 Arab Today, arab today uae oil income put at 48bn in h1

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:33 2017 Thursday ,23 February

Oil slips but close to multi-week high

GMT 17:44 2017 Wednesday ,22 February

Gasoline 98 octane price surges LL100

GMT 15:37 2017 Wednesday ,22 February

Nakilat Posts QR 955 Million Profit in 2016

GMT 15:32 2017 Wednesday ,22 February

Laffan Refinery 2 Cost QR 3 Billion

GMT 15:31 2017 Wednesday ,22 February

Oil up 2% as OPEC chief sees higher compliance with cuts

GMT 07:00 2017 Wednesday ,22 February

Oil prices rise on high OPEC compliance with output cuts
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday