Tag: OPEC Countries

  • Petroleum Investment in the Arabian Gulf

    By: Goran Bergendahl

    In 1974 the thirteen OPEC countries suddenly received record oil revenues of $114 billion . The disposal of that income was as follows: 35% was used to finance imports of goods – mainly consumer goods and the remainder – the current account surplus – was placed abroad, mainly in the form of bank deposits (see […]

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