Venezuela's oil revenue in 2012 amount to USD 21 billion

The pace of Venezuelan oil revenues in 2012 is similar to that recorded last year, according to estimates by the US Energy Information Administration, the statistical arm of the US Department of Energy, and data released by the Organization of the Petroleum Exporting Countries (OPEC).

In a report released last week, the US Department of Energy said that between January and April 2011, Venezuela received USD 21 billion from oil exports. If this trend continues unchanged, Venezuelan oil revenues would amount to USD 63 billion by the end of 2012.

The report also shows that between January and April Venezuela s oil revenue per capita would amount to USD 764.  

According to the estimates released by the US Department of Energy, OPEC s net oil export revenues will amount to USD 1.15 trillion in 2012, while revenues would decline to USD 1.11 trillion in 2013.  

In 2011, OPEC countries earned USD 1.02 trillion in net oil export revenues, a 33% increase compared to 2010.  

Saudi Arabia, the world s leading oil producer and exporter, topped the list of countries with highest export revenues, with USD 311 billion in 2011, representing 30% of total OPEC revenues.

As for OPEC per capita net oil export revenues, the average nominal revenue of OPEC countries amounted to USD 2,683 per capita in 2011.

etovar@eluniversal.com