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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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