In 2012 OPEC registered absolute record of oil export profit - $1.26 trillion, the official data was released today at the London Oil Exchange.
This is up 10% against 2011, that time OPEC profit from oil sales at the foreign markets totaled $1.15 trillion.
Last year a huge growth of incomes was censured by a medium price of Brent oil price at $111.70 per barrel. It is the basis for calculation of price of oil extracted by OPEC member-states.
Libya had the highest pace of growth of oil export profit – from $18.6 billion in 2011 to $60.2 billion in 2012. Iran had the highest decline of oil export – from $115 billion in 2011 to $101 billion last year. This has become a result of sanctions applied by the US and European Union against Iran.
Last year total GDP of OPEC member-states reached $3.35 trillion against $3 trillion in 2011.
In 2013 western specialists expect that average price of Brent oil will be $106, reported http://www.biztass.ru.--0--
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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