Saudi Arabia sees oil revenue climb 48%
- Saudi Arabia: Thursday, July 19 - 2012 at 12:37
According to figures by Opec, Saudi Arabia's saw a 48% jump in revenue from exports of crude oil and other petroleum products in 2011, as shipment volumes increased over the previous year, Saudi Gazette has reported. The kingdom shipped oil and products valued at $318.5bn last year, compared with $215.4bn in 2010, Opec said in its annual statistical bulletin. Iran, the group's second-biggest producer after Saudi Arabia, exported crude and petroleum products valued at $114.8bn, compared with $72.2bn the previous year, the data showed.
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