LONDON, July 8 news, Organization of Petroleum Exporting Countries (OPEC) on July 8 in the published annual statistical bulletin OPEC said world oil prices as a result of last year and once reached a record high of 147.27 U.S. dollars a barrel, OPEC members last year from oil and gas exports was more than 10,000 billion dollars in revenue, an increase of 35%.
According to OPEC's annual statistical bulletin said, OPEC oil export revenues last year reached 1.007 trillion U.S. dollars, in 2007 more than 746 billion U.S. dollars of the 35 percent increase in OPEC oil export revenues last year, a record high.
U.S. benchmark crude oil futures prices in 2008 the average price of about 99 U.S. dollars per barrel, in 2007 more than 72 U.S. dollars per barrel increased by 27 U.S. dollars. The price of crude oil last year, once in July reached 147.27 U.S. dollars a barrel record high oil prices in December last year fell to about 40 U.S. dollars a barrel.
From 12 member countries (Indonesia left OPEC in the end of last year) the composition of the oil production of OPEC in world oil production accounted for about one-third, while OPEC's proven oil reserves account for about a total global proven oil reserves four-fifths.
Jul. 10, 2009
The next 20 years Russia will be China's output of 300 million tons of oil
Russian State Duma (lower house) has voted to approve in April this year by both Russia and China signed the "Sino-Russian cooperation in the field of oil intergovernmental agreement" that Russia will in the next 20 years, China's annual output to 15 million tons crude oil. A French media said that China is committed to ensuring that the supply of oil to meet the needs of rapid economic development.
Under the agreement, China and Russia will jointly build and operate a road connecting Russia and China Skovorodino Daqing oil pipeline, the pipeline is expected to put into operation in 2010. Upon completion, the Russian side in the next 20 years, China's annual output to 15 million tons of crude oil.
Jul. 6, 2009
Under the agreement, China and Russia will jointly build and operate a road connecting Russia and China Skovorodino Daqing oil pipeline, the pipeline is expected to put into operation in 2010. Upon completion, the Russian side in the next 20 years, China's annual output to 15 million tons of crude oil.
Jul. 6, 2009
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