OPEC Earnings Jump: The oil revenue of...
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From Times Staff and Wire Reports
OPEC Earnings Jump: The oil revenue of the OPEC nations soared last year to their highest level since 1985, an industry analyst said. Pierre Terzian, editor of the Paris-based newsletter Petrostrategies, estimated that the 13-nation Organization of Petroleum Exporting Countries earned a combined total of $110.6 billion last year from export sales of their crude, up more than a third from his 1988 calculation of $80.1 billion.
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