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Opec eyes record revenues above $1,000bn

Source: Financial Times, 15th June 2011

The last meeting of the Opec oil cartel ended in disarray. But the collapse will not affect the finances of the group. The earnings of the members of the cartel, from Saudi Arabia to Iran, are set to break above the $1,000bn mark this year for the first time, beating the $965bn peak set in 2008, according to the US government.



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