INTERNATIONAL ENERGY BIWEEKLY REVIEW
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CIA-RDP80T00702A001100050006-8
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S
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Document Creation Date:
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Document Release Date:
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Sequence Number:
6
Case Number:
Publication Date:
September 6, 1978
Content Type:
REPORT
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V, i ~ s~-ca~n
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Secret
ER IEBR 78-6,18
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NATIONAL SECURITY INFORMATION
Unauthorized Disclosure Subject to Criminal Sanctions
DISSEMINATION CONTROL ABBREVIATIONS
NOFORN- Not Releasable to Foreign Nationals
NOCONTRACT- Not Releasable to Contractors or
Contractor/ Consultants
PROPIN- Caution-Proprietary Information Involved
NFIBONLY- NFIB Departments Only
ORCON- Dissemination and Extraction of Information
Controlled by Originator
REL ... - This Information has been Authorized for
Release to ...
Classified by 015319
Exempt from General Declassification Schedule
of E.O. 11652, exemption category:
? 5B(l), (2), and (3)
Automatically declassified on:
date impossible to determine
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National Secret
Foreign NOFORN
Assessment
Center
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SECRET
NOFORN
INTERNATIONAL ENERGY BIWEEKLY REVIEW
6 September 1978
Overview .............................................................................................
In first half 1978 oil consumption rose slowly and output fell, resulting in a
drawdown in oil inventories. Production is expected to increase in the
second half of the year, reflecting continued oil consumption growth and
a stock buildup in anticipation of an OPEC price increase at yearend.
Free World Oil Inventories ..................................................................... 3
Free World oil stocks were generally at normal levels at midyear 1978. At
the end of June, stocks amounted to an estimated 3.7 billion barrels-
equal to about 72 days of consumption. Inventories probably will be
increased in second half 1978 and by yearend 1978 should approach 4
billion barrels.
Major Developed Countries: Oil Product Consumption Continues Slow
Growth ............................................................................................ 8
Oil product consumption in the seven major developed countries in first
quarter 1978 increased by only 2.5 percent over first quarter 1977. Partial
second-quarter data, indicate similar growth over 1977.
OPEC: Production Falls in First Half ........................................................ 10
OPEC production of crude oil in first half 1978 averaged only 28.3 million
b/d, a two-and-a-half-year low.
OPEC Countries: Net Borrowing Position in First Quarter 1978 .................. 15
For the first time since the 1973/74 oil price hike, OPEC governments as
a group became net borrowers of funds in first quarter 1978.
Indonesia: LNG Pains ............................................................................ 19
Jakarta is becoming Increasingly upset by Washington's failure to reach a
decision on prices for proposed imports of Indonesian liquefied natural
gas.
25X6
i
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SECRET
NOFORN
INTERNATIONAL ENERGY BIWEEKLY REVIEW
Oil product consumption in the seven major developed countries * continued to
grow slowly in first quarter 1978, increasing only 2.5 percent over the first quarter
1977 level. Preliminary data for the second quarter indicate that this trend was
maintained. Conservation and substitution of natural gas and nuclear energy for heavy
fuel oil were primarily responsible for the further reduction from last year's already
low 3.3 percent growth.
Individual countries exhibited a wide range of growth in consumption. West
Germany and France registered increases of 9 percent and 7 percent, respectively,
whereas the United States and Canada each recorded rates of 2.5 percent; consump-
tion increased less than 2 percent in Italy and the United Kingdom; and Japan reduced
oil product use by 1 percent.
Primary Free World oil stocks were at normal levels at midyear, amounting to an
estimated 3.7 billion barrels at the end of June. The first quarter 1978 increase in
product consumption was largely met by a 4.7 million b/d drawdown in stocks. Oil
inventory levels were unseasonably high at yearend 1977 due to anticipatory liftings in
advance of an OPEC price increase that failed to materialize.
A normal seasonal stock buildup occurred in second quarter 1978. We also
anticipate a normal stock increase in the third quarter followed by a repeat of the late
1977 pattern of high liftings and stock growth during the fourth quarter in
anticipation of a price increase. US and Japanese oil purchases for strategic storage
programs will also contribute to stock growth, and inventories should approach 4
billion barrels by yearend 1978.
With the large stock drawdown in early 1978, the slow growth in product
consumption, and a company preference for price competitive non-OPEC oil, OPEC
production of crude oil in the first 6 months of the year fell by almost 10 percent, to a
* The United States, Japan, West Germany, France, the United Kingdom, Italy, and Canada.
Note: Comments and queries regarding this publication are welcome. They may be
directed t of the Office of Economic Research, telephone-
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two-and-one-half-year low of 28.3 million b/d. Saudi Arabia and the three major
African OPEC producers-Libya, Nigeria, and Algeria-absorbed most of the
decline; their combined output fell nearly 2.5 million b/d.
For the first time in almost 10 years, first half 1978 OPEC output accounted for
less than 50 percent of total world crude production. Increased output from Alaska,
the British sector of the North Sea, and Mexico combined to boost non-OPEC
production by more than 7 percent in the first six months of the year compared with
first half 1977. World crude output was down about 1.0 million b/d and averaged 58.2
million b/d for first half 1978.
We have no evidence to support widespread rumors of an Arab oil embargo if the
Camp David Summit talks fail. Recent increases in the demand for voyage charters,
cited as evidence of a move by oil companies in anticipation of an embargo, more
likely reflect the expected third quarter stock growth and Japanese purchases for
stockpiling. (Confidential)
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Free World oil stocks were generally at normal levels at midyear 1978. At the end
of June, primary stocks* amounted to an estimated 3.7 billion barrels-a quantity
equal to about 72 days of Free World consumption and to about 80 percent of current
Free World storage capacity. In addition, about 1 billion barrels are afloat in tankers
at sea-equal to about 20 days of supply. This offshore storage partly reflects slow
steaming by tankers to minimize fuel costs.
Oil inventory levels were unseasonably high at yearend 1977 due to anticipatory
liftings in advance of an OPEC price increase that failed to materialize. In earlier
years, large inventories normally were built up in the spring and summer and drawn
down to meet higher consumption during the winter heating season. Speculative
buying offset the normal fourth-quarter inventory drawdown in 1977, however, and
yearend inventories were in excess of operating requirements for first quarter 1978.
The international oil companies drew stocks down at a more rapid rate than
normal in early 1978; they also lifted less crude. Because of lower total liftings as well
as the companies' preference for maximizing production from lower-cost non-OPEC
sources, OPEC production fell by about 3 million b/d in first quarter 1978.
During first quarter 1978, Free World primary oil stocks were drawn down by
420 million barrels or an average of 4.7 million b/d as consumption increased and
worldwide production fell. Although Free World data on second quarter inventory
levels are incomplete, it appears that the stock buildup in that period was normal.
Free World inventories probably will be increased in second half 1978, and by
yearend 1978 should approach 4 billion barrels. Normal seasonal patterns should lead
to an increase in the third quarter and, as in 1977, we expect high liftings in
anticipation of a January OPEC price increase. One oil company estimates that
advanced liftings in the fourth quarter will be between 75 million and 150 million
barrels.
With storage and financing costs estimated at about 15 to 20 cents per barrel each
month, advanced liftings generally make economic sense if oil. prices are expected to
increase by 5 percent or more. A 5-percent price rise in Janaury 1979, for example,
would raise the market value of a barrel of Saudi Arab Light (34? gravity)
* Primary stocks include crude oil, major products, and unfinished oil held in: refinery tanks, bulk terminals, pipeline
tankage, barges, intercoastal tankers, oil tankers in ports, inland ship bunkers, inland storage tank bottoms, working
stocks, and large consumer inventories as required by law or otherwise controlled by governments. These stocks
exclude crude oil still in the ground, major products and unfinished oil contained in: rail tank cars, tank truck cars,
seagoing ships' bunkers, tankers at sea, service stations, retail stores, and other consumer inventories and military stocks.
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Free World Oil Inventory
Billion Barrels'
VII III IV 1 II III IV I 11 III IV I 11 111 IV I 11 111 IV 1 II III IV 1 11 III IV I II III IV
1971 72 73 74 75 76 17 78
Days of Consumption'
90
4',
H III IV I II 111 IV I II III IV I 11 Ill IV I II III IV I II III IV I H 111 IV I II III IV
'.971 72 73 74 15 76 /1 78
6 September 1978
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Free World: Primary Oil Stocks
1st Qtr
2nd Qtr 3rd Qtr
4th Qtr
Million Barrels
1971 ....................................................
1972 ....................................................
1973 ....................................................
1974 ....................................................
1975. - - ................................ ......... ....
1976 ....................................................
1977........................................ .......
1978 .....................................................
2,800
2,900
2,900
3,200
3,600
3,190
3,420
3,530
3,100 3,300
3,100 3,300
3,200 3,500
3,600 3,900
3,600 3,900
3,510 3,700
3,700 3,950
3,7001
3,200
3,100
3,300
3,300
3,800
3,560
3,950
1971
1972
.................................................... 67
75 79
77
1973
................................. ....... 65
70 74
70
1974
.................................................... 60
66 72
68
.................................................... 68
77 83
81
1975
........................................ 79
...........
79 86
84
1976 .................................................... 66
1977
73 77
74
.................................................... 69
75 80
80
1978 .................................................... 69
72
' Based on preliminary data.
approximately 63 cents. In this case, advanced liftings in October, November, and
December would be profitable for the companies.
In addition to stock increases for hedging purposes, the United States plans to add
about 20 million and 35 million barrels to its inventory as part of the strategic storage
program in the third and fourth quarters, and Tokyo plans to import about 15 million
barrels for stockpiling in idle, tankers in each ' of the third and fourth quarters.
Stocks Trends
Since 1973, Free World countries have reduced their vulnerability to another
supply interruption. Oil inventory levels and storage capacity have increased consider-
ably. Although stocks have exhibited unseasonable fluctuations in recent years because
of temporary supply-demand imbalances, oil inventory levels measured in days of
consumption have generally moved upward since 1973. Members of the International
Energy Agency (IEA), comprised of most major developed countries, have agreed to
raise stock levels to 90 days of supply by 1980.
Stocks measured in terms of days of supply differ, of course, among major
developed countries. At the end of first quarter 1978, this indicator varied from a low
6 September 1978 SECRET
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Selected Free World Countries: Oil Stocks, Consumption, and Net Imports'
Oil Con- Days of Consumption
is 2nd 3rd 4th sumption
Qtr Qtr Qtr Qtr (Million 1st 2nd 3rd 4th
(Million barrels) b/d) Qtr Qtr Qtr Qtr
1976
United States .............. 1,060.5 1,193.5 1,191.4 1,111.8 17.02
Japan 290.0 325.0 365.0 359.0 5.2
Canada ........................ 121.5 132.2 138.2 125.9 1.7
Western Europe ........ 1,008.8 1,078.0 1,185.1 1,176.4 13.9
Of which:
France 191.2 202.7 239.3 231.1 2.4
Italy 117.3 132.9 141.5 140.8 2.0
United Kingdom 145.6 156.4 163.3 163.1 1.8
West Germany 165.8 172.2 190.0 204.8 2.8
United States .............. 1,086.8 1,195.1 1,303.4 1,311.2 17.8'
Japan 327.0 362.0 376.0 383.0 5.4
Western Europe 1,124.1 1,185.3 1,253.6 1,239.6 13.6
Of which:
France 209.9 201.1 225.6 234.6 2.3
Italy 135.7 162.4 164.0 160.0 1.9
United Kingdom 146.5 155.9 157.8 146.0 1.9
West Germany .. 203.3 201.7 217.0 222.1 2.7
Net Days of Net Imports
Imports
(Million 1st 2nd 3rd 4th
b/d) Qtr Qtr Qtr Qtr
62 70 70 65 7.0 152 170 170 159
56 62 70 69 5.2 56 62 70 69
71 78 81 74 0.1 1,215 1,322 1,382 1,259
73 78 85 85 11.5 88 94 103 102
80 84 100 96 2.3 83 88 104 100
59 66 71 70 2.0 59 66 71 70
81 87 91 91 1.7 86 92 96 96
59 62 68 73 2.7 61 64 71 76
61 67 73 74 8.5
61 67 70 71 5.4
83 87 92 91 11.3
128 141 153 154
60 67 70 71
99 105 111 110
91 87 98 102 2.2 95 91 103 107
71 85 86 84 1.9 71 85 86 84
77 82 83 77 1.1 133 142 143 133
75 75 80 82 2.6 78 78 83 85
United States .............. 1,167.7 1,201-83
353.0 363
Japan ..........................
Canada ........................ 128.5 NA'
Western Europe 1,097.5 NA
Of which:
France ................ 195.6 NA
Italy .................... 132.2 NA
United Kingdom 136.0 NA
West Germany 203.7 NA
18.4' 63 65
5.4 65 67
1.8 71 NA
14.1 78 NA
2.4 82 NA
2.0 66 NA
1.9 72 NA
2.8 73 NA
' Prior to 1976 oil stock reporting was incomplete.
2 Excluding refinery gain.
' Including 29.5 million barrels in the united States held in Strategic Petroleum Reserve in June 1978.
Not available.
8.3 141 145
5.4 65 67
0.3 428 NA
11.2 98 NA
2.3 85 NA
2.0 66 NA
0.7 194 NA
2.7 75 NA
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of 63 days in the United States to a high of 82 days in France. Measured in terms of
net imports, however, the US held 141 days' supply compared with 98 days in West
European countries combined and 65 days in Japan. Only about half of current oil
stocks would be available in an emergency, however. The oil companies must hold
about 30 to 40 days of stocks to keep the processing and distribution system operating
smoothly and to allow for normal seasonal changes in consumption patterns.
One company estimates current Free World oil storage capacity at about 4.5
billion barrels. Although comparable estimates of storage capacity for prior years are
not available, capacity clearly has increased. Additional storage capacity since 1973
mainly reflects compulsory government storage programs and the startup of new
operations, for example, production from the North Slope, North Sea, and Mexico; the
Suez-Mediterranean and Iraq-Turkey pipelines; and refinery expansions.
Slower than expected consumption growth has resulted in widespread excess
refining capacity and the largest tanker surplus in history. Foreign refineries are
operating at only about 70 percent of capacity compared with 80 to 85 percent prior
to 1973. Tanker tonnage use is expected to average around two-thirds in 1978,
compared with almost full use in 1973. The tanker surplus is mainly in the large crude
carriers; smaller vessels, used for shorter crude hauls between shallow ports, are
beginning to approach a normal level of utilization.
The glut in the supertanker market is expected to last through 1980 and probably
means that the practice of slow steaming is likely to continue. About 33 percent more
oil is now on the water than would be the case if previously normal operating speeds
were maintained.
This excess offshore storage amounted to about 250 million barrels, or five days of
supply, at midyear. Tankers currently are operating at about 12 knots; the normal rate
is 16 knots. In contrast, floating storage in idle tankers at midyear was insignificant.
Idled tankers are usually used for storage on a temporary basis during periods when
storage on shore is not available for an extended period of time. (Confidential)
6 September 1978 SECRET
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MAJOR DEVELOPED COUNTRIES: OIL PRODUCT CONSUMPTION
CONTINUES SLOW GROWTH
Oil product consumption in the seven major developed countries * in first quarter
1978 increased by only 2.5 percent over first quarter 1977. Partial second quarter data
indicate similar growth over 1977. Last year the Big Seven also posted a slow-3.3-
percent-rise in oil product use over 1976. During 1969-73, on the other hand,
product consumption grew at an average annual rate of 7 percent. The slowdown this
year stems mainly from the increasing availability of natural gas and nuclear power
and from conservation.
The four major West European countries combined registered a 5-percent
increase in oil product consumption in first quarter 1978 over the same period a year
earlier. Last year consumption in these countries fell 1 percent from 1976. Rising
industrial production and cold weather were mainly responsible for the first quarter
1978 surge. In addition, the amount of rainfall dropped from abnormally high 1977
levels and led to reduced hydroelectric production. West Germany and France
registered the sharpest increases in first quarter 1978-9 percent and 7 percent
respectively. Smaller increases were posted in Italy and the United Kingdom.
In contrast, Japan reduced oil product use by 1 percent in the first quarter.
Improved operating performance by nuclear power plants and an increase in nuclear
capacity led to a 70-percent increase in nuclear-generated electricity in January-May
1978. As a result, heavy fuel oil use in Japan dropped by 5 percent during the first
quarter.
Product consumption in both the United States and Canada increased by 2.5
percent in first quarter 1978. Colder weather east of the Rockies (13 percent colder
than last year and 17 percent colder than normal) and the coal strike were responsible
for the increase in the United States.
The consumption pattern for major oil products exhibited wide differences:
? Use of light fuel oil in the Big Seven showed the sharpest first quarter
increase-about 6 percent- with cold weather in West Europe driving light
fuel oil sales there up 14 percent.
? Gasoline sales rose 3 percent, about the same as in the past two years. The
US increase was about 2.5 percent. In the six major foreign countries gasoline
sales were up 5 percent. The cold weather and record snow storms slowed
gasoline consumption in the United States.
* The United States, Japan, West Germany, France, the United Kingdom, Italy, arid. Canada.
8 SECRET 6 September 1978
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Oil Consumption Trends'
Percent change from comparable quarter of the previous year
United States Big Six Foreign Countries
West Germany
r
15 United Kingdom
I II III IV I II III IV I II III IV t
1975 76 77 78
Italy 2
III 1111V I 111111V I IIIIIIV I
1975 76 77 78
I Except for the US, excluding bunkers, refinery fuel, and losses.
2 Principle products.
577200 9.78
6 September 1978
II III IV I IIIII IV 111111 IV 1
1975 76 77 78
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Major Developed Countries: Oil Product Consumption,' First Quarter 1978
Percent Change From 1st Qtr 1977
' Including bunkers, refinery fuel, and losses, except for the United States.
c Principal products.
3 Jet fuel.
? Heavy fuel oil use registered the smallest gain-1 percent-among the
major products. A 2-percent drop in the six major foreign countries largely
offset a 6-percent rise in the United States. The coal strike in the United
States spurred substitution of fuel oil for coal.
The pattern of oil product demand since the 1973/74 oil crisis is, as expected,
tilting toward the lighter products. During 1974-77, gasoline and diesel fuel demand
rose at an average annual rate of 2 percent compared to a 2-percent average annual
decline in heavy fuel oil demand. Nuclear power and natural gas have been replacing
heavy oil in electric power plants and heavy industry, a trend that is expected to
continue and to lead to a widening of price differentials between heavy and lighter
crudes. It will also lead to the continued installation of cracking facilities at refineries,
even though overall refinery capacity is not expanding. (Unclassified).
OPEC: PRODUCTION FALLS IN FIRST HALF
OPEC production of crude oil in first half 1978 averaged 28.3 million b/d-a
two-and-a-half-year low. Output fell by over 3.0 million b/d, or almost 10 percent,
from first half 1977. For the first time since first half 1969, OPEC accounted for less
than 50 percent of total world crude production. Non-OPEC production, on the other
hand, was up more than 7 percent in first half 1978 over first half 1977-to 29.9
million b/d. World crude output was down 2 percent, averaging 58.2 million b/d,
with increased demand met by stock drawdowns. The current president of OPEC,
Kuwait's Oil Minister Al-Sabah, has projected second half OPEC output at 30.5 to 31.0
Total
Gasoline
Diesel
Light
Fuel Oil
Heavy
Fuel Oil
Other
France ........................................
6.6
5.6
6.1
10.7
5.6
5
-3
-1.4
4
1
West Germany ..........................
9.4
6.0
-2.0
22.6
.
2
-4
.
-0.5
Italy 8 ..........................................
1.8
7.8
8.5
11.9
4
0
.
4
0
2.3
........
dom
d Ki
i
1.2
4.2
-1.3
.
-
.
..............
ng
te
Un
Japan ..........................................
-1.1
4.0
6.3
3.4
0
6
-4.7
6
2
-3.0
12.3
.............
d
C
2.5
3.0
0.2
-
.
.
a .........................
ana
Big Six foreign countries ..........
2.6
4.7
3.2
'
92
-1.9
6
5
-0.7
1
1
............................
United States
2.5
2.5
-6.2
2.0
.
3
1
.
0
....................
Big Seven
2.5
3.1
5.5
.
.
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OPEC: Crude Oil Production'
Million b/d
Saudi Arabia
Iran
1st half 1977
^5.57
^ 5.60
African OPEC Members
Other Persian Gulf
6,30
0
6.58
Other OPEC
4.14
million b/d, which would bring total output for 1978 to some 29.5 million b/d-down
4 to 5 percent from 1977.
The continued glut of crude oil on world markets, combined with new production
restrictions in Saudi Arabia and Abu Dhabi, was largely responsible for the decline in
OPEC output. An increase in production of 1.4 million b/d from Alaska, the British
sector of the North Sea, and Mexico combined caused a reduction in liftings in OPEC
nations. Some OPEC countries reacted by adjusting differentials * in order to bring
prices more into line with market conditions.
First half 1978 production in Saudi Arabia accounted for half the OPEC cutback,
declining 1.6 million b/d (17 percent) to 7.8 million b/d, from a record 9.4 million
* Differentials are the amounts by which the price of crudes differ from the price of the OPEC benchmark-Saudi
Arab Light (34?)-now fixed at $12.70 per barrel. Theoretically they reflect only differences in quality and
transportation costs; in practice they are also a device for discounting prices when market circumstances make this
desirable.
6 September 1978 SECRET
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b/d in first half 1977. In early 1977, Riyadh was expanding output rapidly in an
attempt-unsuccessful, as it turned out-to prevent 11 other OPEC nations from
adopting price increases of more than 5 percent.
OPEC: Crude Oil Production,' First Half 1978
Percent Change in
1st
Qtr
2nd
Qtr
1st
Half
First Half 1978
Over First Half 1977
Total _ ....................................
28,000
28,610
28,320
-9.6
Algeria ....................................
1,000
1,000
1,000
-6.5
Ecuador ..................................
180
210
200
5.3
Gabon ......................................
220
220
220
0
Indonesia ................................
1,700
1,670
1,680
-0.6
Iran ..........................................
5,470
5,650
5,570
-0.5
Iraq ........................................
2,130
2,130
2,130
-6.6
Kuwait ...................................
1,860
1,910
1,890
2.2
KOC t ..._ .............................
1,670
1,720
1,700
1.8
Neutral Zone ..................
190
190
190
5.6
Libya ......................................
1,820
1,930
1,880
-12.2
Nigeria ....................................
1,580
1,770
1,670
-25.1
Qatar
450
450
450
9.8
Saudi Arabia ..........................
7,940
7,590
7,760
-17.0
......... .............. ....
Arainco ...
7,750
7,750
7,400
7,400
7,570
7,570
-17.5
-17.5
Neutral Zone ......................
190
190
190
11.8
UAE ........................................
1,820
1,820
1,830
-10.3
Abu Dhabi ..........................
1,440
1,430
1,440
-14.8
Dubai ..................................
350
370
360
12.5
Sharjah ................................
30
20
30
0
Venezuela
1,830
2,260
2,040
-9.7
' Excluding natural gas liquids.
8 Excluding ex-Aminoil production which is included in Kuwait's share of Neutral Zone output.
In turn, reduced Arab Light output accounted for virtually all of the Saudi
reduction. This was because of new production restrictions which limit Arab Light to
no more than 65 percent of total Aramco production on an annual basis. Arab Light
output averaged 5.3 million b/d-down 1.2 million b/d. Nevertheless, Arab Light still
accounted for more than 69 percent of Aramco production, and overliftings will have
to be compensated for by reduced output levels in the second half. Indeed, in June
Aramco already had reduced production of Arab Light to 4.3 million b/d, or 59
percent of total output.
Meanwhile, production of Arab Heavy and Medium has expanded from 1.4
million b/d in first quarter 1978 to 2.0 million b/d in the second quarter. By June,
these two heavier grades were being produced at close to capacity levels-2.3 million
b/d.
12 SECRET 6 September 1978
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Saudi Arabia and Iran: Distribution of Crude Oil Production"!
Million b/d
i st quarter i via
Production of Arab Light Production of Arab Heavy__\ //Neutral Zone Production
Saudi
Arabia
xports of Iranian / Joint Venture Production
Heavy LDeliverles to Refineries
Saudi
Arabia
I Excluding natural gas liquids. For Iran, deliveries to refineries cannot be Identified by type.
SECRET
577247 9.78 CIA
Iranian crude oil production at 5.6 million b/d declined less than 1 percent in
first half 1978 from first half 1977. Production from the southern oilfields operated by
the Oil Service Company of Iran (OSCO) declined 190,000 b/d during this period,
averaging 4.9 million b/d. Increased output from the four joint-venture companies
operating offshore, however, about offset the decline in OSCO production, The non-
OSCO fields produced 680,000 b/d.
The pattern of crude exports from the OSCO fields in Iran reflected the shift in
Saudi output. In the first quarter, exports of Iranian Heavy averaged 2.2 million b/d,
140,000 b/d above the level reached in first quarter 1977. In the second quarter,
however, as production restrictions in Saudi Arabia increased supplies of Arab Heavy
and Medium, exports of Iranian Heavy fell to 1.9 million b/d, the same as in second
quarter 1977. On the other hand, first quarter exports of Iranian Light had been
running nearly a half million b/d below first quarter 1977 levels; but with the large
drop in the availability of Arab Light in the second quarter, Iranian Light exports rose
300,000 b/d, to an average 2.3 million b/d.
Kuwait was one of the few OPEC countries to record an increase in production in
first half 1978, output rising slightly more than 2 percent and averaging 1.9 million
6 September 1978 SECRET
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b/d. The Kuwaitis managed to increase their sales of heavy crude by lowering prices
through readjusted differentials.
Production in the United Arab Emirates fell more than 10 percent in first half
1978, to 1.8 million b/d, as a result of new output ceilings imposed in Abu Dhabi. Abu
Dhabi produced 1.4 million b/d in the first half, down nearly 15 percent from first
half 1977 and just under the self-imposed 1.46 million b/d ceiling. Production in
Dubai increased by 12 percent, to 360,000 b/d.
Iraqi production fell to 2.1 million b/d from 2.3 million b/d in first half 1977.
The decline stems primarily from the cessation of deliveries to Turkey in January
because of Ankara's inability to meet a $320-million payment to Baghdad for past
shipments through the Iraq-Turkey pipeline. An agreement has apparently been
reached on terms of payment, and deliveries are expected to begin again shortly.
Qatar's average output was up 10 percent, at 450,000 b/d. Production fluctuated
between 380,000 b/d and 510,000 b/d, however, as a result of the temporary
shutdown of some offshore facilities to allow for pipeline tie-ins for the Qatari gas-
gathering network.
African Producers
Output of the African members of OPEC fell 890,000 b/d in first half 1978
compared to first half 1977, accounting for nearly 30 percent of the total OPEC
reduction. Operators chose to lift increased quantities of light crude from North Sea
fields rather than purchase relatively overpriced African crudes.
Nigerian production fell more than 25 percent in first half 1978 and averaged
only 1.7 million b/d. Lagos adjusted the differentials on its crudes twice in the first
half of the year, thereby lowering prices up to 70 cents per barrel, and offered
additional incentive discounts of 10 to 17 cents per barrel for companies meeting
specified offtake levels before liftings-and production-increased in the second
quarter. Additional discounts of 3 to 8 cents per barrel are being offered in the third
quarter in an attempt to further increase output.
Production in Libya and Algeria was off 12 and 7 percent, respectively, despite
price reductions in both the first and second quarters.
Other OPEC Producers
Production in Venezuela declined early in the year, as Caracas worked off
inventories built up in late 1977. Production has rebounded strongly in the second
quarter, averaging nearly 2.3 million b/d.
14 SECRET
6 September 1978
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Indonesia managed to maintain output at 1.7 million b/d, or near 1977 levels,
through May. In June, production declined to 1.6 million b/d, and, with preliminary
data indicating that output is continuing at this level in the third quarter, Jakarta is
apparently considering a $1.00-per-barrel discount on its Minas crude.
Ecuadorean production increased slightly in first half 1978, averaging 200,000
b/d, as a result of a 20-cent-per-barrel price reduction. (Secret)
OPEC COUNTRIES: NET BORROWING POSITION IN FIRST QUARTER 1978
For the first time since the 1973/74 oil price hike, OPEC governments as a group
became net borrowers of funds in first quarter 1978. While member countries added
$2.5 billion to official investment portfolios, they were arranging a total of $4.5 billion
in loans. Most OPEC borrowing was either government guaranteed or was carried out
in the government's name.* The first quarter addition to official foreign assets brought
total holdings to $166.8 billion as of 31 March 1978. Preliminary information suggests
that the trend toward net borrowing continued in the second quarter.
* Recent OPEC borrowing activity is detailed in a 27 July 1978 Economic Intelligence Weekly Review article,
"OPEC: Record-Level Borrowing."
OPEC Countries: Official Foreign Assets, First Quarter 1978
Change in Assets
Held in the US
Change in Total
Assets
Total Assets
31 March
1978
Total ................................................................
1,150
2,530
168,850
Algeria ..........................................................
50
-220
2,410
Ecuador ........................................................
110
20
740
Gabon ..........................................................
Negl
Negl
20
Indonesia ......................................................
10
-200
2,370
Iran ..............................................................
480
120
18,890
Iraq ..............................................................
-150
300
8,170
Kuwait ..........................................................
530
1,500
26,610
Libya ...........................................................
180
10
6,060
Nigeria. , ........................................................
-10
-330
4,010
Qatar ..........................................................
Negl
190
4,130
Saudi Arabia ................................................
-780
-230
63,340
United Arab Emirates ..............................
140
1,210
19,650
Venezuela ....................................................
590
160
10,450
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In contrast, in 1977 the $34.2 billion rise in OPEC official assets dwarfed
borrowing by cartel members, which amounted to $6.8 billion. Several individual
members--Algeria, Gabon, and Venezuela-have been net borrowers for the past two
years. This year, Saudi Arabia, traditionally the OPEC member with the largest
current account surpluses, unexpectedly has been drawing down its asset holdings.
Cash-flow problems caused disinvestment totaling $230 million in the first quarter and
perhaps even more in the second.
A marked shrinking in current account surpluses lies behind the abatement in
OPEC official investment and the simultaneous upswing in borrowing. Oil exports in
first quarter 1978 were only 89 percent of first quarter 1977 levels, dropping
members' oil revenues by $3.3 billion. At the same time, depreciation of the dollar and
inflation in industrialized nations have reduced the purchasing power of OPEC
petrodollars by 4 percent during first quarter 1978.
Dollar Investment Down, Share in United States Up
The dollar's decline spurred a shift in OPEC official investment away from dollar
instruments in January-March 1978 for the third consecutive quarter. Only one-fifth
of new OPEC investment went into dollar-denominated assets, compared with three-
fourths during 1975 to midyear 1977 and 35 percent in the third and fourth quarters
of 1977.
In the first three months of 1978, OPEC countries invested a net $1.2 billion in
the United States, compared with $1.0 billion in fourth quarter 1977. A drawdown of
dollar-denominated assets outside the United States by the smaller OPEC states
accounts for the low total dollar investment and the simultaneous rise in the US
component. In the United States, higher investment by Ecuador, Libya, and
Venezuela offset Saudi disinvestment of $780 million.
The pattern of OPEC investment in the United States changed markedly in the
first quarter because of the reduced Saudi Arabian role. Saudi preference for long-
term US Government securities had helped these instruments capture 60 percent of
OPEC funds flowing into the United States during 1974-77; in first quarter 1978,
OPEC holdings of these particular assets dipped slightly. Three-fourths of official
OPEC funds entering the United States during January-March were placed in short-
term bank deposits.
Saudi Arabia, long OPEC's most active overseas investor, on balance liquidated
$230 million of its yearend 1977 official assets holdings of $63.6 billion in first quarter
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OPEC Countries: Distribution of Official Foreign Investment,
First Quarter 1978 1
Total
Gold,
SDRs, and
IMF
Position
Govern-
Bank ment
Deposits Securities
Nonreserve
Assets
Total ....................................................................
2,530
730
1,220
580
United States
US dollars ....................................................
980
0
740
280
-50
Other currencies ..........................................
170
170
0
0
0
United Kingdom
US dollars ....................................................
580
0
960
Negl
-390
Sterling ..........................................................
-20
0
110
-220
90
Other currencies ..........................................
590
0
-50
0
650
Continental Europe, Japan, and Canada
US dollars ....................................................
-290
0
- 200
-10
- 80
Other currencies ..........................................
720
0
-110
380
440
IMF ..................................................................
100
40
0
70
0
World Bank ......................................................
10
0
0
20
-10
Other
US dollars ....................................................
230
0
-190
60
260
Other currences ..........................................
720
0
340
120
260
Unlocated
US dollars ....................................................
-980
0
-980
0
Other currencies ..........................................
-300
510
-110
-700
1978 because of temporary cash-flow problems. Saudi officials were jolted by the
discovery that spending was outstripping revenues; they quickly decided to cover
these deficits by drawing down asset holdings. Borrowing funds on international
capital markets-the only alternative in the short run to liquidating official assets-re-
mains unpalatable to Saudi money managers.
Anticipating further cash-flow difficulties, the Saudis converted investments
worth $90 million from long-term to short-term in the first quarter to build a cushion
of liquidity. This move signaled a temporary halt in the drive apparent since 1975 to
boost the rate of return earned on the Saudi official portfolio by placing almost all new
funds in long-term instruments.
The concern about the heavy concentration of its portfolio in dollar-denominated
assets and the need to liquidate assets to cover government expenditures contributed to
the Saudi decision to reduce asset holdings located in the United States by $780 million
in first quarter 1978. In comparison, official Saudi capital inflows into the United
States had averaged $1.4 billion quarterly during the previous three years. Postponed
6 September 1978 SECRET
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Saudi Arabia: Official Investment Flows
Billion US $
7
-1 1 1 1 I 1 I 1 1 1 I I 1 1
II III IV I II III IV I II III IV I
1975 1976 1977 1978
reinvestment of maturing government securities totaling $460 million and net sales of
$210 million of US corporate securities accounted for the bulk of the first quarter
disinvestment. Worldwide Saudi dollar-denominated asset holdings did not decline as
precipitously as Saudi holdings in the United States because of an increase in their
Eurodollar bank deposits during January-March.
Saudi official disinvestment appears to have accelerated in the second quarter. If,
however, oil exports rise moderately as expected in the third and fourth quarters, net
additions to the Saudi portfolio would likely resume. It is still too early to predict
whether yearend 1978 official Saudi asset holdings will be below their yearend 1977
level. A small Saudi current account surplus in 1978-$3 to $4 billion-would not
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necessarily be incompatible with net liquidation of foreign assets. Private capital
outflows, prepayments for imports, and nationalization compensation payments could
offset such a surplus. We recently estimated that the Saudi Arabian current account
surplus in 1978 would decline to $7.3 billion, from $15.4 billion in 1977; the new
preliminary information on investment suggests that this estimate may have to be
reduced further. (Secret Noforn)
INDONESIA: LNG PAINS
Jakarta is becoming increasingly upset by Washington's failure to reach a decision
on prices for proposed imports of Indonesian liquefied natural gas (LNG). Since 1973,
Indonesia has been contractually committed to supplying gas firms in California with
500 million cubic feet per day of gas over a 20-year period. Five years of negotiations
with federal and state agencies, however, have not resolved price and environmental
bottlenecks, and no deliveries have been made.
At an initial price of more than $3.50 per million BTU delivered to US pipelines,
Indonesian LNG will be expensive. This base price is not at issue, however; the
problem is agreement on a price escalator for determining future prices. A new
escalator based equally on the price of Indonesian crude oil and the US wholesale
price index has recently been submitted to US regulatory authorities.
High Indonesian, officials, most likely with President Suharto's backing, have said
that, in October, they will cancel their commitment to supply LNG to the United
States and will, instead, sell the LNG allocation to Japan. Jakarta, however, probably
still hopes that some agreement can be reached with the United States.
The Indonesians are more upset over the lack of any decision on prices than by
the possibility of a negative ruling. Jakarta is especially put out because Vice President
Mondale, on his visit to Indonesia last May, indicated that Washington had reached a
decision on prices.
Tension between Jakarta and Washington over the gas issue is likely to increase
and possibly will spill over into other bilateral matters. In the past year, Indonesia has
been increasingly frustrated by US actions on human rights, PL-480 rice sales, and
military aid as well as by a decline in sales of crude oil to the US West Coast and the
threat of Alaskan oil sales to Japan, Indonesia's major crude market. Even if the
United States approves a price formula soon, LNG exports could still be held up for
some time over environmental opposition in the United States to the receiving
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terminal site. The site-Port Concepcion-has been only conditionally approved by
US agencies.
Alternative Markets
Indonesia is anxious to diversify markets for its rapidly expanding LNG
production, now sold exclusively to Japan. Japan is the world's largest importer of
LNG, and by the early 1980s Indonesia will supply one-third of Tokyo's projected
consumption of 21 million to 22 million tons per day. The Japanese government and
private Japanese leaders have provided most of the $1.6 billion financing for
Indonesia's two existing LNG plants.
The LNG Industry
Indonesia entered the LNG export trade in mid-1977 , with start-up of a two-
train,* 3.2-million-ton-per-year plant near Badak in East Kalimantan. The plant is
jointly operated by Pertamina (the national oil company) and a consortium of US and
foreign firms. The entire output is sold under a 20-year contract to the Japan
Indonesia LNG Company (JILCO), a consortium of five Japanese electric power, steel,
and gas distribution firms.
Discussions are underway between Jakarta and Tokyo on a proposed $500-million
doubling of the plant's capacity. Three of the five Japanese customers so far have
signed letters of intent for purchase of the added gas supply. Uncertainty, however,
over the size of gas reserves in the Badak field has slowed approval of the expansion.
As matters now stand, the project may require expensive pipeline systems to augment
reserves with associated gas from nearby oil wells.
Technical problems have delayed the planned mid-1978 startup of Indonesia's
second LNG plant at Arun, North Sumatra, until mid-September or later. * * This
three-train plant will provide 4.3 million tons of LNG a year to JILCO. The Arun
plant is operated by Pertamina and Mobil Oil. Three additional trains are also
planned, but construction is conditioned on long term sales contracts with the United
States or other purchasers. With the plant drawing from a large reservoir with reserves
of 13-trillion cubic feet, reserves are not a factor in boosting output.
Economic Potential
Jakarta is banking on rising LNG earnings to help offset expected declines in
* Each LNG-processing train consists of a series of compressors and coolers that reduce the natural gas to one-six
hundredth of its original volume and lower the gas temperature to -126?C.
** The technical difficulties involve the plant itself, not a gas well fire that has been burning out of control in the Arun
Field since 4 June 1978.
20 SECRET
6 September 1978
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Indonesia: Arun and Badak Gasfields
THAILAND *BANG
YOK
AMBODIA
PENHPHNM ~]
* VIETN M
;1 ~Mrrih
hi Minh Clly)
tfA1 AYSIA
KU A LUMPUR
South
China
Sea
BANDAR
SERI BEGAWAN
BRUNE
(U.K.
Kalimantan
Badak.
Name. and boundary representation
are not necessarily autharilatiue
crude oil exports in the 1980s. The government will receive some $8 billion in net
earnings over the 20-year life of the existing contracts with Japan. If new contracts
warrant plant expansion, revenues would be further boosted.
Crude oil production on the other hand, is not expected to grow to much beyond
the 2.0-million-b/d level in the near term despite a recent upturn in exploration
activity. Moreover, domestic consumption is rising 13 percent to 15 percent annually
and eating into crude available for export. Oil production is currently holding at 1.6
million b/d, about 100,000 b/d below last year's average, because of marketing
problems on the oil-glutted US West Coast. (Confidential)
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25X6 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Next 4 Page(s) In Document Exempt
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Foreign
Assessment
Center
International Energy
Statistical Review
6 September 1978
ER IESR 78-012
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This publication is prepared for the use of U.S. Government
officials. The format, coverage and contents of the publication are
designed to meet the specific requirements of those users. U.S.
Government officials may obtain additional copies of this document
directly or through liaison channels from the Central Intelligence
Agency.
Non-U.S. Government users may obtain this along with similar
CIA publications on a subscription basis by addressing inquiries to:
Document Expediting (DOCEX) Project
Exchange and Gift Division
Library of Congress
Washington, D.C. 20540
Non-U.S. Government users not interested in the DOCEX
Project subscription service may purchase reproductions of specific
publications on an individual basis from:
Photoduplication Service
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Washington, D.C. 20540
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STATISTICAL REVIEW
Total Free World Oil Production (Chart)
OAPEC Oil Production (Chart)
Non-Arab OPEC Oil Production (Chart)
Free World and USSR Oil Production (Chart)
Inland Oil Consumption (Chart)
Net Oil Imports (Chart)
World Crude Oil Production, Excluding Natural Gas Liquids .............................. 1
Free World Crude Oil Production, Including Natural Gas Liquids ...................... 2
World Natural Gas Liquid (NGL) Production ........................................................ 2
OAPEC and OPEC Countries: Crude Oil Production ............................................ 3
OPEC: Crude Oil Productive Capacity .................................................................... 3
Estimated Proved and Probable Petroleum Reserves .............................................. 4
Estimated Imports of Crude Oil and Refined Products, 1977 .................................. 5
Selected Developed Countries: Crude Oil Imports, by Source ................................ 6
Selected Developed Countries: Trends in Oil Trade ................................................ 10
Developed Countries: Exports to OPEC .................................................................. 13
Developed Countries: Imports from OPEC ............................................................ 15
Selected OECD Countries: Trends in Inland Oil Consumption .............................. 17
Selected OECD Countries: Oil Stocks ...................................................................... 21
Estimated OECD Oil Consumption .......................................................................... 22
Western Europe: Oil Spot Market Prices .................................................................. 22
Selected Developed Countries: Retail Petroleum Product Prices .......................... 23
OPEC Countries: Crude Oil Prices .......................................................................... 24
USSR: Crude Oil Production ................................................................................... 25
USSR: Regional Production of Crude Oil ............................................................... 25
USSR: Imports of Oil ................................................................................................. 25
USSR: Exports of Oil .................................................................................................. 26
USSR: Oil Consumption .............................................................................................. 26
USSR: Natural Gas Production .................................................................................. 27
USSR: Regional Production of Natural Gas .............................................................. 27
USSR: Natural Gas Trade .......................................................................................... 27
USSR: Consumption of Natural Gas .......................................................................... 28
Eastern Europe: Oil Production and Consumption ................................................ 28
Eastern Europe: Oil Trade ........................................................................................ 29
Eastern Europe: Natural Gas Production and Consumption .................................... 29
Eastern Europe: Natural Gas Trade .......................................................................... 30
PRC: Oil Production, Consumption, and Exports .................................................... 30
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FREE?`Wef EDP se bU TOW7 if 9F31N1O 006-8
Semilogarithmic Scale
TOTAL
Non-Arab OPEC
JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT
1Data include natural gas liquids.
if194 978
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OAR vGt r MRO3U 1TQNA-RUR8iLTMMMa1100050006-8
Saudi Arabia
Including about one-half of Neutral Zone production.
Kuwait
Including about one-half of Neutral Zone production.
3.5
Libya
Iraq
Abu Dhabi
JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT
1974 1975 1976 1977 1978
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NON-ARAB OPEC OIL PRODUCTIO' MILLION B/D
'.` 3.5
30
Nigeria
1Major producers. Data include natural gas liquids.
577197 9-78
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FREE WORLD AND
USSR OIL PRODUCTION1 MILLION B/D
1Data include natural gas liquids.
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INLAND OIL CONSUMPTION' MILLION B/D
3 United Kingdom
West Germany
-- 1978
-1977
--1975
1973
Canada
3
1
JAN APR JUL OCT
577199 9.78
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NET OIL IMPORTS MILLION B/D
Big Seven
United States
12
Bureau of the Mines data
through Jun 1977, thereafter
DOE and API.
Japan
4 West Germany 4 France
3 Italy
1 -1
JAN APR JUL OCT JAN APR JUL OCT
Canada
1
3 United Kingdom
0
JAN APR JUL OCT
-1978
-1977
- 1975
1973
577195 9-78
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World
55,745
52,990
57,290
59,480
Free World
45,840
41,470
45,050
46,570
Western hemisphere
16,130
14,135
13,780
14,010
United States
9,210
8,375
8,130
8,180
Venezuela
3,365
2,345
2,295
2,240
Canada
1,800
1,460
1,300
1,320
Mexico
450
715
800
980
Argentina
420
390
390
430
Ecuador
210
160
185
180
Other
675
690
680
680
Eastern hemisphere
29,710
27,335
31,270
32,560
Western Europe
370
550
855
1,370
Norway
30
190
280
280
United Kingdom
Negl.
20
245
770
Other
340
340
330
320
Middle East
21,220
19,590
22,135
22,230
Saudi Arabia
7,595
7,075
8,575
9,200
Iran
5,860
5,350
5,885
5,660
Kuwait'
3,020
2,085
2,145
1,970
Iraq
2,020
2,260
2,415
2,330
United Arab Emirates
1,535
1,665
1,935
2,010
Abu Dhabi
1,305
1,370
1,585
1,660
Dubai
230
255
310
320
Sharjah
...
40
40
30
Qatar
570
440
495
430
Oman
295
340
365
340
Syria
105
185
190
180
Other
220
190
130
110
Africa
5,900
4,980
5,800
6,190
Nigeria
2,055
1,785
2,070
2,100
Libya
2,175
1,480
1,935
2,080
Algeria
1,070
960
990
1,040
Gabon
150
225
225
230
Egypt
165
250
330
420
Angola/Cabinda
160
140
110
170
Other
125
140
140
150
Asia-Pacific
2,220
2,215
2,480
2,770
Australia
370
410
425
430
Indonesia
1,340
1,305
1,505
1,690
Malaysia-Brunei
320
300
330
400
Other
190
200
220
250
Communist Countries
9,905
11,520
12,240
12,910
USSR
8,420
9,630
10,170
10,700
China
1,090
1,490
1,670
1,810
Romania
285
290
290
290
Other
110
110
110
110
57,620
59,020
58,020
59,310
44,240
45,530
44,490
45,800
14,080
14,620
14,560
15,350
8,510
8,700
8,590
8,920
8,900
1,830
2,230
2,220
2,320
1,290
1,100
1,160
1,500
1,110
1,140
1,150
1,170
430
450
460
440
180
230
200
200
730
770
780
800
30,160
30,910
29,930
30,450
1,590
1,660
1,760
1,690
380
370
340
270
370
900
980
1,110
1,110
310
310
310
310
20,280
20,810
19,620
20,020
7,940
8,050
7,250
7,480
5,470
5,610
5,720
5,630
1,860
1,990
1,810
1,930
2,130
2,300
2,000
2,100
1,820
1,750
1,870
1,840
1,440
1,370
1,480
1,450
1,450
350
360
370
370
30
20
20
20
450
510
380
450
490
330
320
310
310
170
170
170
170
110
110
110
110
5,450
5,620
5,710
5,950
1,580
1,690
1,720
1,890
1,820
1,870
1,930
2,000
1,000
1,000
1,000
1,000
220
220
220
220
460
480
480
480
200
190
190
190
170
170
170
170
2,840
2,820
2,840
2,790
450
420
420
450
1,700
1,680
1,700
1,620
420
440
440
440
270
280
280
280
13,380
13,490
13,530
13,510
10,990
11,100
11,140
11,120
1,990
1,990
1,990
1,990
290
290
290
290
110
110
110
110
' Including the share of Neutral Zone crude oil production which amounted to about 190,000 b/d for Saudi Arabia and 190,000 b/d for Kuwait in
Jun 1978.
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Free World Crude Oil Production, Including Natural Gas Liquids
Free World
48,465
44,075
47,725
49,385
47,240
48,530
47,490
48,800
Non-OPEC Producers
17,155
16,535
16,570
17,640
18,490
18,650
18,720
19,370
United States
10,950
10,010
9,735
9,800
10,090
10,280
10,170
10,500
10,480
Canada
2,120
1,770
1,585
1,610
1,580
1,390
1,450
1,790
United Kingdom
5
30
260
800
940
1,020
1,150
1,150
Norway
30
195
300
300
415
405
375
305
405
Mexico
525
805
895
1,085
1,245
1,275
1,285
1,305
Other
3,525
3,725
3,795
4,045
4,220
4,280
4,290
4,320
OPEC
31,310
27,540
31,155
31,725
28,750
29,880
28,770
.29,430
Saudi Arabia'
7,685
7,215
8,760
9,415
8,240
8,350
7,550
7,780
Kuwait '
3,080
2,135
2,195
2,025
1,960
2,090
1,910
2,030
Libya
2,210
1,505
1,975
2,120
1,860
1,910
1,970
2,040
Iraq
2,020
2,260
2,415
2,335
2,135
2,305
2,005
2,105
United Arab Emirates
1,535
1,665
1,935
2,025
1,850
1,780
11900
1,870
Abu Dhabi
1,305
1,370
1,585
1,675
1,460
1,390
1,500
1,470
1,470
Dubai
230
255
310
320
360
370
380
380
Sharjah
...
40
40
30
30
20
20
20
Algeria
1,100
1,020
1,075
1,140
1,115
1,115
1,115
1,115
Qatar
570
450
505
435
455
515
385
455
495
Iran
5,900
5,395
5,930
5,700
5,515
5,655
5,765
5,675
Venezuela
3,455
2,420
2,370
2,320
1,910
2,310
2,300
2,400
Nigeria
2,055
1,785
2,070
2,100
1,580
1,690
1,720
1,890
Indonesia
1,340
1,305
1,515
1,700
1,730
1,710
1,730
1,650
Gabon
150
225
225
230
220
220
220
220
Ecuador
210
160
185
180
180
230
200
200
World Natural Gas Liquids (NGL) Production'
1973
1975
1976
1977
1978
World
2,795
2,810
2,890
3,030
Free World
2,625
2,605
2,675
2,795
3,000
OPEC
345
405
500
565
750
Non-OPEC
2,280
2,200
2,175
2,230
2,250
Western Hemisphere
2,270
2,155
2,105
2,140
2,130
United States
1,740
1,635
1,605
1,620
1,580
Venezuela
90
75
75
80
80
Canada
320
310
285
290
290
Mexico
75
90
95
105
135
Other
45
45
45
45
45
Eastern Hemisphere
355
450
570
655
870
Western Europe
40
50
70
85
110
Norway
5
20
20
35
United Kingdom
5
10
15
30
40
Other
35
35
35
35
35
Middle East
Saudi Arabia
Iran
Kuwait
Qatar
Abu Dhabi
Dubai
Iraq
Africa
Libya
Algeria
Asia-Pacific
Australia
Indonesia
Other
Communist Countries
USSR
China
Other
190
245
290
335
485
90
140
185
215
300
40
45
45
40
45
60
50
50
55
100
...
10
10
5
5
...
...
...
15
20
...
...
...
...
10
...
...
...
5
5
65
85
125
140
155
35
25
40
40
40
30
60
85
100
115
60
70
85
95
120
50
50
50
55
60
...
...
10
10
30
10
20
25
30
30
170
205
215
235
160
190
200
220
N.A.
10
N.A.
15
N.A.
15
N.A.
15
2
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
OAPEC' and OPEC' Countries: Crude Oil Production, Excluding Natural Gas Liquids
Thousand b/d
Total OAPEC (thousand b/d)
18,095
16,165
18,720
19,370
17,330
17,790
16,550
17,110
% change from Sep 1973'
-19
-7
-3
-14
-11
-17
-15
% change from Dec 1976'
-8
-18
-16
-21
-19
Total OPEC (thousand b/d)
30,965
27,135
30,655
31,160
28,000
29,130
28,020
28,680
% change from Sep 1973'
-18
-7
-5
-15
-12
-15
-13
% change from Dec 1976'
-9
-18
-14
-18
-16
' The members of the Organization of Arab Petroleum Exporting Countries are Abu Dhabi, Algeria, Bahrain, Egypt, Iraq,
Kuwait, Libya, Qatar, Saudi Arabia, and Syria.
2 The membership of the Organization of Petroleum Exporting Countries consists of OAPEC members (excluding Bahrain,
Egypt, and Syria), plus Dubai, Ecuador, Gabon, Indonesia, Iran, Nigeria, Sharjah, and Venezuela.
' In Sep 1973, the pre-crisis level of output, OAPEC countries produced 20,038 b/d and OPEC countries 32,956 b/d.
In Dec 1976, the post-crisis peak of output, OAPEC countries produced 21,060 b/d and OPEC countries 34,070 b/d.
Maximum
Installed' Sustainable' Available'
Latest
Post-Embargo
Peak
Current
Total
40,815
36,605
33,200
Algeria
1,200
1,080
1,080
1,080 (Jan 77)
1,000 (Jun 78)
Ecuador
250
225
225
260 (May 74)
200 (Jun 78)
Gabon
250
225
225
230 (Dec 77)
225 (Jun 78)
Indonesia
1,800
1,700
1,700
1,740 (Mar 77)
1,620 (Jun 78)
Iran
7,000
6,500
6,500
6,680 (Nov 76)
5,630 (Jun 78)
Iraq
3,150
3,000
3,000
2,900 (Dec 77)
2,100 (Jun 78)
Kuwait'
3,200
3,000
2,000
2,990 (Dec 76)
1,740 (Jun 78)
Libya
2,500
2,300
2,300
2,210 (Mar 77)
2,000 (Jun 78)
Neutral Zone'
680
600
600
670 (Dec 76)
380 (Jun 78)
Nigeria
2,400
2,300
2,300
2,330 (Oct 74)
1,890 (Jun 78)
Qatar
650
600
600
610 (Dec 75)
490 (Jul 78)
Saudi Arabia'
12,500
10,100
8,500
9,990 (Apr 77)
7,290 (Jun 78)
United Arab Emirates
2,535
2,375
1,870
Abu Dhabi
2,100
1,965
1,460
1,830 (Jul 75)
1,450 (Jul 78)
Dubai
380
360
360
370 (Jun 78)
370 (Jun 78)
Sharjah
55
50
50
60 (Dec 74)
20 (Jun 78)
Venezuela
2,700
2,600
2,300
2,950 (Jun 74)
2,320 (Jun 78)
' Installed capacity, also called nameplate or design capacity, includes all aspects of crude oil production,
processing, transportation, and storage. Installed capacity is generally the highest capacity estimate.
' Maximum sustainable or operational capacity is the maximum production rate that can be sustained for
several months; it considers the experience of operating the total system and is generally some 90-95 percent
of installed capacity. This capacity concept does not necessarily reflect the maximum production rate
sustainable without damage to the fields.
' Available or allowable capacity reflects production ceilings applied by Abu Dhabi, Kuwait, Saudi
Arabia, and Venezuela. These ceilings usually represent a constraint only on annual average output, and
thus production may exceed the ceilings in a given month.
Excluding share of capacity in the Neutral Zone, shown separately.
' Capacity and production is shared about equally between Kuwait and Saudi Arabia.
' In Saudi Arabia, the concept of "facility," rather than "installed" capacity, is used. Facility capacity
refers to the total installed capacity of gas-oil separating plants, main trunk pipelines, and oil-load terminals;
it does not include the capacity of salt water-oil separators or flow lines.
3
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2A02/01/3P0 : C.jIA-RP80T00702A001100050006-8
A ote on etro eum
Any estimate of oil and natural gas reserves must be treated as a rough
approximation. Few countries publish official reserve estimates, and there is no
consistent rigorous definition of reserves. Moreover, the volume of oil and/or gas in
place, even in a well-delineated field, can never be precisely accurate; estimates of
commercially recoverable oil and natural gas are usually made not by reference to
existing technology but by reference to the production system currently in use, and
even this can provide only an approximation. Assessments of proved reserves therefore
do not mean absolute world availability; they are only an indication of the quantity of
oil that is technically and economically feasible to extract with current techniques at
current prices.
CIA's reserve figures are for proved and probable reserves and are based on the
best available published information; where there are conflicting data, we use our own
judgmental analysis. CIA uses the restrictive definition of probable reserves (as
differentiated from possible reserves) common in the industry. Our proved and
probable figure does not differ greatly from the proved figure in many cases, such as
Venezuela, Iran, and Libya. In these countries, extensive exploration has taken place
and extensions of known fields are considered unlikely. In other cases-such as Saudi
Arabia, Mexico, and the United Kingdom-differences between proved and proved
and probable reserves are considerably larger.
Area and Country
Crude Oil
Billion
Barrels
Natural Gas
Trillion
Cubic
Feet
Area and Country
Crude Oil
Billion
Barrels
Natural Gas
Trillion
Cubic
Feet
World
657
2,626'
Africa
59
211
Free World
592
1,764
Libya
25
25
Western Hemisphere
96
426
Nigeria
19
46
United States ?
39
219
Algeria
7
127
Mexico
25
43
Egypt
4
3
Venezuela
14
43
Gabon
1
Negl.
Canada c
8
71
Angola-Cabinda
1
Negl.
Ecuador
2
11
Tunisia
1
7
Argentina
2
11
Other
1
3
Brazil
1
7
Western Europe
31
177
Colombia
1
7
United Kingdom
20
46
Peru
2
7
Norway
8
25
Trinidad and Tobago
2
7
Netherlands
Negl.
71
Eastern Hemisphere
496
1,338
Spain
1
Negl.
Middle East
384
845
Other
2
35
Saudi Arabia
150
106
Asia-Pacific
22
105
Kuwait
71
35
Indonesia
14
21
Iran'
60
600
Brunei
2
11
Iraq
36
35
Malaysia
2
14
United Arab Emirates
34
35
Australia
2
35
Neutral Zone
17
7
India
2
3
Qatar
7
18
Pakistan
Negl.
21
Oman
6
3
Communist Countries
65
862
Syria
2
3
USSR
40
812
Other
1
3
China
20
25
Other
5
25
Equivalent to 470 billion barrels of oil.
Including Arctic gas deposits and natural gas liquids.
? Including recent discoveries.
4
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Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Estimated Imports of Crude Oil and Refined Products
1977
West
Other
US'
Japan
Canada
Western
Europe
Ger-
many
France
UK
Italy
Nether-
lands Spain
Western
Europe
Algeria
559
3
...
407
199
98
7
30
6
23
44
Bahrain
10
38
...
2
...
...
2
...
...
...
...
Egypt
38
...
...
25
2
5
18
...
...
...
...
Iraq
96
151
18
1,221
22
365
110
274
69
111
270
Kuwait
55
518
4
656
29
72
184
152
123
24
72
Libya
837
20
...
1,039
394
55
44
296
23
83
144
Qatar
97
38
...
160
19
63
33
17
11
...
17
Saudi Arabia
1,515
1,772
156
3,299
402
870
369
629
345
317
367
Syria
2
...
...
70
26
44
...
...
..
...
...
United Arab Emirates
424
546
6
798
171
234
84
56
82
83
88
OAPEC
3,633
3,086
184
7,677
1,264
1,806
851
1,454
659
641
1,002
Ecuador
58
...
...
...
...
...
...
...
...
...
...
Gabon
59
...
...
59
8
38
...
2
...
5
6
Indonesia
568
721
...
20
14
...
...
...
2
...
4
Iran
786
870
118
1,885
315
189
259
293
273
245
311
Nigeria
1,229
...
4
619
180
157
27
7
183
...
65
Venezuela
905
7
287
153
20
17
21
29
4
20
42
OPEC'
7,188
4,646
593
10,316
1,773
2,158
1,138
1,785
1,121
911
1,430
Canada
516
...
...
2
...
...
...
...
...
...
2
Mexico
180
...
...
...
...
...
...
...
...
..
...
Others
810
770
120
2,693
967
307
533
505
240
103
2,313
Total
8,744
5,454
713
13,108
2,768
2,514
1,691
2,290
1,361
1,014
3,745
Products traced to source of crude.
s OAPEC members excluding Bahrain, Egypt, and Syria plus other countries shown.
Includes unknown.
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Thousand b/d
Sep 1973
1978
Percent of Total
(Pre-
Crisis
1st
Sep
May
Level)
1975
1978
1977
Qtr
Apr
May
1973
1978
United States
Algeria
124
264
408
538
670
577
643
3.6
11.5
Egypt
...
5
17
36
15
...
...
...
...
Iraq
17
2
26
76
49
20
32
0.5
0.6
Kuwait
44
4
1
42
19
...
1.3
...
Libya
153
223
444
696
557
570
489
4.4
8.8
Qatar
41
18
24
67
69
92
8
1.2
0.1
Saudi Arabia
599
701
1,222
1,369
1,102
987
786
17.3
14.1
United Arab Emirates'
88
117
254
331
373
435
404
2.5
7.2
Other'
...
...
Total OAPEC
1,068
1,334
2,396
3,157
2,854
2,681
2,362
30.7
42.3
Ecuador
33
57
51
54
57
24
15
0.9
0.3
Gabon
...
27
26
35
36
67
15
...
0.3
Indonesia
249
379
537
502
442
468
497
7.2
8.9
Iran
205
278
298
525
583
409
730
5.9
13.1
Nigeria
409
746
1,014
1,123
833
580
786
11.8
14.1
Venezuela
405
395
241
249
129
104
175
11.7
3.1
Total OPEC
2,387
3,211
4,548
5,607
4,919
4,333
4,580
88.2
82.0
Canada
998
600
371
278
253
229
208
28.8
3.7
Mexico
8
70
87
177
228
226
258
0.2
4.6
UK
...
Negl.
13
96
167
...
...
...
...
Norway
...
12
35
48
89
...
...
...
...
Other1
98
207
218
324
292
651
539
2.8
9.7
Total
3,471
4,105
5,287
8,568
5,963
5,439
5,585
100.0
100.0
Sep 1973
1978
Percent of Total
(Pre-
Crisis
Sep
Apr
Level)
1975
1978
1977
Jan
Feb
Mar
Apr
1973
1978
Canada
Algeria
...
Negl.
...
...
Egypt
...
...
...
...
Iraq
23
31
29
19
45
31
30
34
2.4
6.0
Kuwait
...
29
2
4
...
...
...
...
...
...
Libya
56
9
20
...
...
...
...
...
6.0
...
Qatar
...
2
...
...
...
...
Saudi Arabia
82
165
109
157
106
147
136
80
8.7
14.0
United Arab Emirates'
49
46
57
6
...
...
...
...
5.2
...
Other'
...
...
...
...
Total OAPEC
210
282
217
186
151
178
168
114
22.3
20.0
Ecuador
13
1
...
...
...
...
...
...
1.4
...
Gabon
...
3
Indonesia
...
...
...
...
Iran
149
202
157
121
97
245
152
124
15.9
21.8
Nigeria
39
17
28
5
...
...
...
...
4.1
...
Venezuela
485
265
269
258
236
162
210
190
51.6
33.3
Total OPEC'
898
770
871
570
484
585
528
428
95.3
75.1
Other'
44
54
49
99
113
114
108
142
4.7
24.9
Total
940
824
720
869
597
699
636
570
100.0
100.0
6
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Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Crude Oil Imports, by Source
(Continued)
Sep 1973
1978
Percent of Total
(Pre-
Crisis
1st
Sep
Apr
Level)
1975 .
1976
1977
Qtr
Apr
1973
1978
Japan
Algeria
...
6
...
3
8
...
...
Egypt
...
...
Negi.
Iraq
...
92
127
151
171
184
...
3.9
Kuwait
488
416
342
398
452
367
10.0
7.8
Libya
31
59
41
20
5
...
0.6
...
Qatar
...
3
2
36
113
148
...
3.2
Saudi Arabia
1,148
1,355
1,572
1,622
1,647
1,418
23.5
30.2
United Arab Emirates'
511
408
530
545
497
346
10.5
7.4
Other2
...
Total OAPEC
2,181
2,339
2,614
2,775
2,893
2,463
44.7
52.4
Ecuador
...
Gabon
Indonesia
638
518
553
651
677
669
13.1
14.2
Iran
1,554
1,147
928
812
853
1,028
31.9
21.9
Nigeria
101
71
17
...
...
...
2.1
...
Venezuela
7
5
6
6
7
7
0.1
0.1
Total OPEC'
4,481
4,080
4,118
4,244
4,430
4,167
91.9
88.7
Other'
397
459
483
547
550
529
8.1
11.3
Total
4,878
4,539
4,601
4,791
4,980
4,696
100.0
100.0
Sep 1973
1978
Percent of Total
(Pre-
Crisis
1st
Sep
Jun
Level)
1975
1976
1977
Qtr
Apr
May
Jun
1973
1978
United Kingdom
Abu Dhabi
28
47
29
43
54
23
29
75
1.5
7.0
Algeria
46
29
18
7
...
...
...
...
2.4
...
Egypt
...
16
3
14
10
33
9
...
...
Iraq
67
52
105
110
153
98
192
171
3.5
16.1
Kuwait
293
218
229
184
277
185
272
173
15.3
16.3
Libya
98
53
45
40
38
81
45
...
5.1
Qatar
73
77
94
33
8
...
...
...
3.8
. , .
Saudi Arabia
530
444
370
369
354
93
93
178
27.6
16.7
Other'
...
16
3
...
...
...
Total OAPEC
1,135
952
896
800
894
513
640
597
59.2
56.1
Dubai
48
30
45
41
42
86
37
25
2.5
2.3
Ecuador
...
...
...
...
14
Gabon
...
Indonesia
...
...
Iran
317
351
398
259
244
77
151
146
16.5
13.7
Nigeria
188
117
76
27
17
72
45
105
9.8
9.9
Sharjah
...
Venezuela
66
64
29
21
20
29
18
27
3.4
2.5
Total OPEC'
1,754
1,482
1,438
1,134
1,207
744
905
900
91.5
84.6
Other4
163
261
326
257
248
241
205
164
8.5
15.4
Total
1,917
1,775
1,770
1,405
1,485
1,018
1,110
1,064
100.0
100.0
7
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Crude Oil Imports, by Source
(Continued)
.Thousand b/d
Sep 1973
(Pre-
Crisis
Level) 1975 1976 1977
West Germany
Algeria 239 204 210 197
Egypt ... 4 ... ...
Iraq 43 28 35 22
Kuwait 102 54 25 15
Libya 418 296 421 383
Qatar 18 25 24 19
Saudi Arabia 710 371 378 401
United Arab Emirates' 162 158 125 171
Other S 26 16 25 26
Total OAPEC 1,718 1,158 1,243 1,234
Ecuador ... ... ... ...
Gabon 32 21 11 7
Indonesia ... ... 4 14
Iran 248 284 380 315
Nigeria 168 202 181 180
Venezuela 42 43 28 19
Total OPEC' 2,182 1,686 1,822 1,743
UK ... ... 14 70
Norway Negl. 12 23 32
Other' 89 89 95 80
Total 2,297 1,807 1,979 1,951
1978
Percent of Total
1st
Sep
May
Qtr
Apr
May
1973
1978
209
207
187
10.4
9.7
3
6
...
...
...
33
60
...
1.9
...
12
29
45
4.4
2.3
327
272
324
18.2
16.8
29
...
29
0.8
1.5
239
303
268
30.9
13.9
159
102
139
7.1
7.2
14
20
31
1.1
1.6
1,025
999
1,023
74.8
53.1
...
...
...
...
...
8
5
20
1.4
1.0
11
13
21
...
1.1
341
309
394
10.8
20.5
150
193
146
7.3
7.6
12
14
26
1.8
1.3
1,530
1,507
1,599
95.0
83.0
103
60
170
...
8.8
50
56
42
...
2.2
86
69
84
3.9
4.4
1,786
1,718
1,926
100.0
100.0
Thousand b/d
Sep 1973
1978
Percent of Total
(Pre-
Crisis
1st
Sep
May
Level)
1975
1976
1977
Qtr
Apr
May
1973
1978
France
Abu Dhabi
249
210
202
193
80
300
70
9.0
3.1
Algeria
227
118
95
98
95
92
70
8.2
3.1
Egypt
1
4
13
5
13
15
...
Negl.
...
Iraq
375
240
335
365
435
369
392
13.6
17.6
Kuwait
316
134
86
72
39
82
40
11.4
1.8
Libya
131
44
62
55
66
83
68
4.7
3.1
Qatar
69
47
58
63
56
74
145
2.5
6.5
Saudi Arabia
623
669
870
870
897
900
802
22.5
36.1
Other #
12
41
60
44
63
20
35
0.4
1.6
Total OAPEC
2,003
1,507
1,781
1,765
1,744
1,935
1,622
72.5
72.9
Dubai
27
43
33
41
52
43
51
1.0
2.3
Ecuador
...
...
...
...
...
...
Gabon
33
27
29
38
19
36
26
1.2
1.2
Indonesia
Iran
216
266
294
189
208
129
178
7.8
8.0
Nigeria
253
175
150
157
167
129
180
9.2
8.1
Sharjah
Venezuela
36
15
16
17
15
9
16
1.3
0.7
Total OPEC'
2,555
1,988
2,230
2,158
2,129
2,317
2,038
92.4
91.6
UK
...
...
7
33
34
22
33
...
1.5
Norway
...
18
46
26
29
17
49
...
2.2
Other'
196
69
61
84
78
63
69
7.1
3.1
Total
2,764'
2,120
2,417
2,350
2,346
2,454
2,224
100.0
100.0
8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Crude Oil Imports, by Source
(Continued)
4th Qtr
1977
1978
Percent of Total
1973 (Pre-
Crisis
1st
3d
4th
1st
4th Qtr
1st Qtr
Level)
1975
1976
Half
Qtr
Qtr
Qtr
1973
1978
Italy
Algeria
61
77
51
21
39
35
68
2.4
3.3
Egypt
...
...
...
Iraq
383
374
312
331
174
310
356
15.2
17.4
Kuwait
212
82
47
143
142
159
201
8.4
9.8
Libya
597
260
340
301
241
269
262
23.7
12.8
Qatar
21
26
26
24
15
15
7
0.8
0.3
Saudi Arabia
692
527
545
653
601
593
443
27.5
21.7
United Arab Emirates'
...
33
50
68
37
106
140
...
6.8
OtherI
...
...
...
...
Total OAPEC
1,968
1,379
1,371
1,541
1,249
1,487
1,477
78.2
72.2
Ecuador
...
...
...
Gabon
3
6
1
5
...
...
4
0.1
0.2
Indonesia
...
...
...
...
...
Iran
277
258
292
273
266
347
278
11.0
13.6
Nigeria
9
7
7
14
...
4
5
0.4
0.2
Venezuela
18
20
16
11
19
14
14
0.7
0.7
Total OPEC'
2,273
1,670
1,687
1,844
1,534
1,852
1,778
90.4
86.9
UK
...
...
13
4
...
...
...
Norway
...
...
...
...
4
...
...
...
...
Other'
241
271
371
339
373
351
268
9.6
13.1
Total
2,514
1,941
2,071
2,187
1,911
2,203
2,046
100.0
100.0
' Including oil imports from Abu Dhabi and possibly from Dubai and Sharjah, which are not members of OAPEC.
2 Including, when applicable, Bahrain and Syria.
8 Consisting of OAPEC members (excluding Bahrain, Egypt, and Syria) plus the other countries shown.
' Including data that cannot be distributed by area of origin.
9
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Trends in Oil Trade
AIWo-ved-For Release 2002/01/30 _CIA-RDP80T00702A001100050006-8Thousand b/d
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Annual
Dec Average
United States
1973
Crude imports
2,732
2,873
3,162
3,049
3,215
3,220
3,501
3,593
3,471
3,740
3,452
2,891
3,244
Product imports
3,079
3,501
3,413
2,551
2,603
2,659
2,671
2,913
2,903
2,785
3,412
3,055
3,012
Total imports
5,811
6,374
6,575
5,600
5,818
5,879
6,172
6,506
6,374
6,525
6,864
5,946
6,256
Exports
210
260
224
275
237
215
240
217
242
221
202
227
231
Net imports
5,601
6,114
6,351
5,325
5,581
5,664
5,932
6,289
6,132
6,304
6,662
5,719
6,025
1975
Crude imports
4,029
3,828
3,656
3,378
3,486
3,905
4,192
4,581
4,689
4,389
4,623
4,476
4,105
Product imports
2,832
2,348
2,074
1,662
1,728
1,502
1,767
1,717
2,115
1,940
1,796
1,949
1,951
Total imports
6,861
6,176
5,730
5,040
5,214
5,407
5,959
6,298
6,804
6,329
6,419
6,425
6,056
Exports
228
248
213
190
202
224
186
203
205
187
166
262
209
Net imports
6,633
5,928
5,517
4,850
5,012
5,183
5,773
6,095
6,599
6,142
6,253
6,163
5,847
1976
Crude imports
4,594
4,208
4,738
4,790
4,669
5,621
5,792
5,556
5,875
5,689
5,946
5,925
5,287
Product imports
2,016
2,423
1,946
1,805
1,654
1,858
2,099
1,826
2,049
1,847
2,114
2,353
2,008
Total imports
6,610
6,631
6,684
6,595
6,323
7,479
7,891
7,382
7,924
7,536
8,060
8,278
7,295
Exports
156
241
185
222
180
213
242
220
196
198
348
309
223
Net imports
6,454
6,390
6,499
6,373
6,143
7,266
7,649
7,162
7,728
7,338
7,712
7,969
7,072
1977
Crude imports
6,288
6,652
6,633
6,785
6,821
6,997
7,021
6,416
6,429
6,363
6,303
6,128
6,568
Product imports
2,594
3,278
2,610
1,886
1,753
1,872
2,021
2,175
2,136
1,862
1,814
2,183
2,176
Total imports
8,882
9,930
9,243
8,671
8,574
8,869
9,042
8,591
8,565
8,225
8,117
8,311
8,744
Exports
192
234
207
223
288
225
253
230
294
208
235
274
243
Net imports
8,690
9,696
9,036
8,448
8,286
8,644
8,789
8,361
8,271
8,017
7,882
8,037
8,501
1978
Crude imports
6,088
5,660
6,113
5,439
5,585
6,255
6,212
Product imports
2,066
2,337
2,323
2,102
1,879
1,640
1,664
Total imports
8,154
7,997
8,436
7,541
7,464
7,895
7,876
Exports
256
208
269
219
244
230
252
Net Imports
7,898
7,789
8,167
7,322
7,220
7,665
7,624
Canada
1973
Crude imports
945
975
932
772
930
741
1,058
937
940
799
934
802
897
Product imports
163
93
55
37
119
121
122
153
105
132
140
149
130
Total imports
1,108
1,068
987
809
1,049
862
1,180
1,090
1,045
931
1,074
951
1,027
Exports
1,357
1,500
1,364
1,472
1,495
1,446
1,162
1,298
1,300
1,363
1,357
1,237
1,364
Net imports
-249
-432
-377
-663
-446
-584
18
-208
-255
-432
-283
-322
-337
1975
Crude imports
1,052
915
849
804
1,067
850
678
946
716
516
562
929
824
Product imports
48
68
27
46
56
56
48
50
40
57
26
27
41
Total imports
1,100
983
876
850
1,123
906
726
996
756
573
588
956
865
Exports
1,122
1,068
834
815
745
702
893
903
936
921
1,017
848
899
Net imports
- 22
- 85
42
35
378
204
-167
93
-180
-348
-429
108
- 34
1976
Crude imports
738
783
870
802
793
832
825
728
409
565
690
596
720
Product imports
21
26
30
16
45
45
43
54
23
60
50
20
36
Total imports
759
809
900
818
838
877
868
782
432
625
740
616
756
Exports
1,029
669
569
636
650
676
815
571
603
605
625
612
646
Net imports
-270
140
331
182
188
201
53
211
-171
20
115
4
110
1977
Crude imports
729
645
752
585
679
802
614
767
515
590
584
743
669
Product imports
28
25
27
19
49
60
37
57
91
47
57
49
45
Total imports
757
670
779
604
728
862
651
824
606
637
641
792
714
Exports
611
568
522
526
515
506
523
487
500
517
517
517
526
Net imports
146
102
257
78
213
356
128
337
106
120
124
275
188
1978
Crude Imports
597
699
636
570
Product Imports
50
32
19
21
Total imports
647
731
655
591
Exports
559
515
468
485
Net Imports
88
216
187
106
Japan
1973
Crude imports
4,662
4,775
4,830
4,864
4,918
5,043
4,697
5,550
4,878
5,483
5,029
5,139
4,992
Product imports
640
803
650
542
664
640
523
507
443
592
533
486
584
Total imports
5,302
5,578
5,480
5,406
5,582
5,683
5,220
6,057
5,321
6,075
5,562
5,625
5,576
Exports
11
33
23
28
19
13
39
31
21
25
13
25
24
Net imports
5,291
5,545
5,457
5,378
5,563
5,670
5,181
6,026
5,300
6,050
5,549
5,600
5,552
Approved For Release 2002/01/30 1OCIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Trends in Oil Trade
Approved For Release 2002/O1tt~n615 -RDP8OTOO7O2AOO11OOO5OOO6-8.Fhousand b/d
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Annual
Dec Average
Japan (Continued)
1975
Crude imports
4,581
4,502
4,773
4,304
4,765
3,956
4,401
4,120
4,637
4,928
4,611
4,880
4,539
Product imports
471
367
466
445
439
361
487
489
461
518
545
574
469
Total imports
5,052
4,869
5,239
4,749
5,204
4,317
4,888
4,609
5,098
5,446
5,156
5,454
5,008
Exports
80
52
40
38
61
40
42
17
5
7
5
6
32
Net imports
4,972
4,817
5,199
4,711
5,143
4,277
4,846
4,592
5,093
5,439
5,151
5,448
4,976
1976
Crude imports
3,901
4,683
4,586
4,989
4,217
4,469
4,690
4,391
4,492,
4,642
5,165
5,019
4,601
Product imports
699
649
704
563
593
637
669
651
747
504
615
634
634
Total imports
4,600
5,332
5,290
5,552
4,810
5,106
5,359
5,042
5,239
5,146
5,780
5,653
5,235
Exports
3
5
9
4
4
5
5
6
9
4
9
6
6
Net imports
4,597
5,327
5,281
5,548
4,806
5,101
5,354
5,036
5,230
5,142
5,771
5,647
5,229
1977
Crude imports
5,023
4,857
5,671
4,210
4,955
4,234
4,398
4,940
4,450
4,528
5,041
5,152
4,791
Product imports
584
686
665
632
682
729
561
644
705
739
630
705
663
Total imports
5,607
5,543
6,336
4,842
5,637
4,963
4,959
5,584
5,155
5,267
5,671
5,857
5,454
Exports
7
8
8
6
4
11
8
5
7
13
9
12
8
Net imports
5,600
5,535
6,328
4,836
5,633
4,952
4,951
5,579
5,148
5,254
5,662
5,845
5,446
1978
Crude imports
4,954
5,130
4,871
4,696
Product imports
624
655
709
555
Total imports
5,578
5,785
5,580
5251
Exports
7
27
38
18
Net imports
5,571
5,758
5,542
5,233
France
1973
Crude imports
2,897
2,699
2,955
2,728
2,540
2,676
2,288
2,791
2,764
2,797
3,053
2,549
2,728
Product imports
137
174
148
142
176
128
138
169
139
171
126
117
147
Total imports
3,034
2,873
3,103
2,870
2,716
2,804
2,426
2,960
2,903
2,968
3,179
2,666
2,875
Exports
255
260
232
226
317
290
246
307
307
261
253
279
269
Net imports
2,779
2,613
2,871
2,644
2,399
2,514
2,180
2,653
2,596
2,707
2,926
2,387
2,606
1975
Crude imports
2,234
2,056
2,095
2,047
1,952
1,989
2,130
2,201
2,136
2,199
2,203
2,462
2,120
Product imports
213
266
203
165
127
162
180
100
118
113
131
131
158
Total imports
2,447
2,322
2,298
2,212
2,079
2,151
2,310
2,301
2,254
2,312
2,334
2,593
2,278
Exports
209
221
175
217
190
230
182
302
264
214
267
259
227
Net imports
2,238
2,101
2,123
1,995
1,889
1,921
2,128
1,999
1,990
2,098
2,067
2,334
2,051
1976
Crude imports
2,175
2,447
2,600
2,500
2,188
2,039
2,456
2,370
2,517
2,180
2,767
2,704
2,417
Product imports
134
143
158
158
128
233
266
218
199
223
170
151
181
Total imports
2,309
2,590
2,758
2,658
2,316
2,272
2,722
2,588
2,716
2,403
2,937
2,855
2,598
Exports
276
325
395
316
272
324
244
288
274
207
268
288
249
Net imports
2,033
2,265
2,363
2,342
2,044
1,948
2,478
2,300
2,442
2,196
2,669
2,567
2,349
1977
Crude imports
2,711
2,508
2,198
2,537
1,944
2,079
2,289
2,360
1,810
2,646
2,592
2,523
2,350
Product imports
123
117
169
166
145
183
171
216
147
179
211
138
164
Total imports
2,834
2,625
2,367
2,703
2,089
2,262
2,460
2,576
1,957
2,825
2,803
2,661
2,514
Exports
277
266
286
356
366
276
278
351
279
260
251
295
295
Net imports
2,557
2,359
2,081
2,347
1,723
1,986
2,182
2,225
1,678
2,565
2,552
2,366
2,219
1978
Crude imports
2,099
2,632
2,335
2,454
2,224
Product imports
207
186
196
133
215
Total imports
2,306
2,818
2,531
2,587
2,439
Exports
268
297
302
331
262
Net imports
2,038
2,521
2,229
2,256
2,177
Italy
1973
Crude imports
2,308
2,448
2,600
2,598
2,498
2,996
2,779
2,784
2,606
2,548
1,844
N.A.
2,567
Product imports
76
133
97
98
154
98
109
137
232
29
65
N.A.
102
Total imports
2,384
2,581
2,697
2,696
2,652
3,094
2,888
2,921
2,838
2,577
1,909
N. A.
2,669
Exports
604
628
513
595
678
671
775
725
586
630
515
N.A.
579
Net imports
1,780
1,953
2,184
2,101
1,974
2,423
2,113
2,196
2,252
1,947
1,394
N. A.
2,090
1975
Crude imports
1,858
1,688
1,724
1,841
1,659
1,949
1,706
1,918
2,236
2,117
1,752
1,990
1,941
Product imports
172
229
246
246
319
181
219
142
138
202
191
229
180
Total imports
2,030
1,917
1,970
2,087
1,978
2,130
1,925
2,060
2,374
2,319
1,943
2,219
2,121
Exports
240
264
212
240
246
308
285
413
394
324
252
236
291
Net imports
1,790
1,653
1,758
1,847
1,732
1,822
1,640
1,647
1,980
1,995
1,691
1,983
1,830
Approved For Release 2002/01/30 : C A-RDP8OT00702AO01100050006-8
Selected Developed Countries: Trends in Oil Trade
(Continued)
Approve- - --Ar-Release--2002/0-tt3(1 -CIA-RDPWT-00702AOO I N05G 0 -$ Thousand b/d
Annual
Italy (Continued)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec Average
1976
Crude imports
2,024
2,024
2,024
2,014
2,014
2,014
2
115
115
2
2
115
131
2
2
131
2
131
2
071
Product imports 160
160
160
216
216
216
,
219
,
219
,
219
,
194
,
194
,
194
,
197
Total imports 2,184
2,184
2,184
2,230
2,230
2,230
2,334
2,334
2,334
2,325
2,325
2,325
2,268
Exports 271
271
271
337
337
337
322
322
322
289
289
289
305
Net imports 1,913
1,913
1,913
1,893
1,893
1,893
2,012
2,012
2
012
2
036
2
036
2
036
1
963
1977
,
,
,
,
,
Crude imports 2,185
2,185
2,185
2,189
2,189
2,189
1,957
1,957
1,957
2,154
2,154
2,154
2,109
Product imports 229
229
229
209
209
209
143
143
143
135
135
135
181
Total imports 2,414
2,414
2,414
2,398
2,398
2,398
2,100
2,100
2,100
2,289
2,289
2,289
2,290
Exports 374
374
374
380
380
380
364
364
364
393
393
393
376
Net imports 2,040
2,040
2,040
2,018
2,018
2,018
1,736
1,736
1,736
1
896
1
896
1
896
1
914
1978
,
,
,
,
Crude imports 2,046
2,046
2,046
Product imports 165
165
165
Total imports
2,211
2,211
2,211
Exports
371
371
371
Net imorts
1,840
1,840
1,840
United Kingdom
1973
Crude imports
2,276
2,090
2,273
2,248
2,402
2,535
2,175
2,818
1,917
2
892
2
415
2
004
2
329
Product imports 615
533
457
359
488
439
323
417
361
,
416
,
326
,
208
,
409
Total imports
2,891
2,623
2,730
2,607
2,890
2,974
2,498
3,235
2,278
3,308
2,741
2,212
2,738
Exports
464
311
323
329
332
257
430
555
496
464
488
293
396
Net imports
2,427
2,312
2,407
2,278
2,558
2,717
2,068
2,680
1,782
2,844
2,253
1,919
2,342
1975
Crude imports
2,216
2,030
1,491
1,849
1,802
1,926
1,748
1,776
1
687
2
032
1
429
1
599
1
775
Product imports 442
329
267
290
231
257
262
247
,
240
,
303
,
348
,
344
,
292
Total imports
2,658
2,359
1,758
2,139
2,033
2,183
2,010
2,023
1,927
2,335
1,777
1,943
2,067
Exports
310
343
224
226
262
303
317
308
357
423
299
261
300
Net imports
2,348
2,016
1,534
1,913
1,771
1,880
1,693
1,715
1,570
1,912
1,478
1,683
1,767
1976
Crude imports
1,888
1,986
1,762
1,938
1,698
1,814
1,688
1,615
1,779
1,474
2,112
1,724
1,770
Product imports
302
314
421
301
318
267
297
220
221
200
251
283
282
Total imports
2,190
2,300
2,183
2,239
2,016
2,081
1,985
1,835
2,000
1,674
2,363
2,007
2,052
Exports
333
264
384
332
349
328
407
399
488
464
522
447
392
Net imports
1,857
2,036
11799
1,907
1,667
1,753
1,578
1,436
1,512
1,210
1,841
1,560
1,660
1977
Crude imports
1,756
1,511
1,672
1,347
1,701
1,449
1,147
1,263
1,358
1,311
932
1,420
1,405
Product imports
253
238
261
272
312
286
261
313
249
257
317
343
286
Total imports
2,009
1,749
1,933
1,619
2,013
1,735
1,408
1,576
1,607
1,568
1,249
1,763
1,691
Exports
546
575
589
538
539
732
597
747
752
528
537
487
598
Net imports
1,463
1,174
1,344
1,081
1,474
1,003
811
829
855
1,040
712
1,276
1,093
1978
Crude imports
1,597
1,489
1,312
1,018
1,110
1,064
Product imports
326
319
377
227
235
245
Total imports
1,923
1,808
1,689
1,245
1,345
1,309
Exports
579
645
624
587
740
641
Net imports
1,344
1,163
1,065
658
605
668
West Germany
1973
Crude imports
2,177
2,217
21226
2,201
2,173
2,306
2,091
2,140
2,297
2,359
2,274
2,067
2,210
Product imports
776
788
690
831
870
748
789
710
828
904
859
709
836
Total imports
2,953
3,005
2,916
3,032
3,043
3,054
2,889
2,850
3,125
3,263
3,133
2,776
3,046
Exports
153
177
164
135
184
174
177
185
155
239
235
141
177
Net imports
2,800
2,828
2,752
2,897
2,859
2,880
2,712
2,665
2,970
3,024
2,898
2,635
2,869
1975
Crude imports
1,684
1,614
1,453
1,798
1,754
1,911
1,676
1,839
1,810
2,051
2,075
1,935
1,807
Product imports
583
766
606
824
575
920
794
767
873
789
667
718
709
Total imports
2,267
2,380
2,059
2,622
2,329
2,831
2,470
2,606
2,683
2,840
2,742
2,653
2,509
Exports
158
120
113
132
100
121
137
120
133
125
161
126
129
Net imports
2,109
2,260
1,946
2,490
2,229
2,710
2,333
2,486
2,550
2,715
2,581
2,527
2,380
1976
Crude imports
1,669
1,836
1,717
1,823
1,830
1,847
2,050
2,168
2,220
2,068
2,233
2,273
1,979
Product imports
761
978
792
808
833
871
850
991
811
645
690
899
830
Total imports
2,430
2,814
2,509
2,631
2,663
2,718
2,900
3,159
3,031
2,713
2,923
3,172
2,809
Exports
113
115
148
115
131
101
176
128
168
116
132
160
134
Net imports
2,317
2,699
2,361
2,516
2,532
2,617
2,724
3,031
2,863
2,597
2,791
3,012
2,675
1977
Crude imports
2,140
2,020
1,894
1,774
1,871
1,920
2,042
2,097
1,897
1,849
1,927
1,983
1,951
Product imports
705
615
680
813
751
921
969
835
730
812
959
1,000
817
Total imports
2,845
2,635
2,574
2,587
2,622
2,841
3,011
2,932
2,627
2,661
2,886
2,983
2,768
Exports
78
155
128
113
152
147
117
129
129
145
128
130
129
Net imports
2,767
2,480
2,446
2,474
2,470
2,694
2,894
2,803
2,498
2,516
2,758
2,853
2,639
1978
Crude imports
1,808
1,705
1,837
1,718
1,926
Product imports
882
972
895
887
882
Total imports
2,690
2,677
2,732
2,605
2,808
Exports
102
128
132
124
113
Net imports
2,588
2,549
2,600
2,481
2,695
Bureau of the
r e0~(aPfd
-2002/01130: eIA=RDP OT007O2 01160050006
Algeria
dor Gabon
nesia
Iran
Iraq Kuwait Libya Nigeria Qatar Arabia
UAE
zuela
TotalI
United States
1975
632
414
59
810
3,242
310
368
232
536
50
1,502
372
2,243
10,768
1976
487
416
46
1,036
2,776
382
472
277
770
79
2,774
425
2,628
12,568
1977
527
565
30
764
2,731
211
548
313
959
113
3,575
515
3,171
14,022
1st Qtr
116
99
9
189
626
54
152
69
204
25
777
147
669
3,136
2d Qtr
146
134
10
199
809
49
157
90
240
19
929
134
771
3,687
3d Qtr
117
175
6
171
609
65
102
88
279
41
900
125
902
3,580
4th Qtr
148
157
5
205
687
43
137
66
236
28
969
109
829
3,619
1978
1st Qtr
76
154
13
219
867
61
110
99
273
19
949
115
808
3,763
Apr
30
44
1
58
351
36
52
30
99
8
332
40
302
1,382
Japan
1975
261
178
14
1,848
1,853
819
367
240
585
123
1,350
421
360
8,418
1976
205
134
17
1,842
1,709
628
720
327
575
230
1,892
637
584
9,274
1977
473
246
19
1,813
1,941
878
942
280
1,018
278
2,364
852
923
12,027
1st Qtr
52
38
6
390
427
131
239
68
211
73
425
224
174
2,459
2d Qtr
145
60
5
404
417
233
242
68
225
80
567
222
240
2,906
3d Qtr
110
73
5
460
433
217
260
67
262
58
642
196
267
3,049
4th Qtr
166
75
3
559
664
297
201
77
320
67
730
210
242
3,613
1978
1st Qtr
177
56
5
521
718
202
173
70
278
41
729
200
179
3,349
Apr
44
15
1
164
246
90
63
19
81
14
303
74
67
1,186
West Germany
1975
611
77
23
394
2,107
1,048
203
537
852
47
566
148
372
8,783
1976
741
94
27
479
2,295
886
304
522
867
68
1,192
234
540
8,249
1977
1,079
176
34
501
2,741
778
371
650
1,293
90
1,713
367
985
10,778
1st Qtr
313
35
9
98
609
205
79
136
260
25
298
81
158
2,306
2d Qtr
235
20
13
104
672
206
83
211
293
18
472
103
257
2,687
3d Qtr
204
45
7
123
775
174
108
135
361
29
420
92
242
2,715
4th Qtr
327
76
5
176
685
193
101
168
379
18
523
91
328
3,069
1978
1st Qtr
307
39
4
133
655
204
81
171
400
12
453
96
210
2,764
France
1975
1,889
18
338
122
833
412
98
405
464
15
200
135
178
4,897
1978
1,478
18
393
219
855
474
227
349
534
32
340
192
171
5,080
1977
1,799
22
411
189
682
444
160
399
749
62
619
184
248
5,968
1st Qtr
364
6
121
56
154
128
36
99
185
21
114
52
56
1,392
2d Qtr
498
4
135
48
171
106
42
91
195
11
164
50
55
1,569
3d Qtr
392
4
85
46
157
94
34
92
144
14
159
39
61
1,321
4th Qtr
545
6
70
39
200
116
48
117
225
16
182
43
76
1,681
1978
1st Qtr
371
5
62
52
298
92
42
126
221
16
188
40
60
1,573
Apr
114
2
23
12
63
37
63
46
78
6
67
21
24
555
United Kingdom
1975
175
39
7
134
1,102
303
218
237
1,128
122
442
442
201
4,548
1978
184
41
8
144
922
273
258
242
1,388
155
710
578
230
5,130
1977
173
104
10
152
1,144
292
425
304
1,868
204
1,010
793
306
6,784
1st Qtr
39
22
2
43
274
67
79
62
407
43
210
209
60
1,516
2d Qtr
34
26
3
30
283
70
114
78
483
57
251
195
64
1,688
3d Qtr
46
29
3
31
278
74
127
76
466
50
264
206
98
1,748
4th Qtr
54
27
2
48
309
81
105
88
512
54
285
183
84
1,832
1978
1st Qtr
71
15
5
45
340
100
154
95
535
44
346
188
92
2,028
Apr
20
6
1
14
120
36
62
33
216
15
118
70
26
737
Italy
1975
555
31
14
86
565
261
118
1,038
299
23
320
87
321
3,717
1976
429
25
19
56
788
248
180
996
329
27
658
138
385
4,233
1977
1st Qtr
128
7
7
12
202
54
54
277
123
9
218
46
126
1,263
2d Qtr
159
9
9
10
221
52
70
345
165
10
259
58
140
1,506
3d Qtr
164
11
4
17
221
58
63
286
142
8
257
40
137
1,408
4th Qtr
203
13
4
16
261
64
73
307
162
15
342
52
153
1,665
1978
1st Qtr
146
14
3
11
244
52
46
285
133
6
283
41
101
1,366
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Developed Countries: Exports to OPEC
(Continued)
Algeria
Ecua-
dor Gabon
Indo-
nesia
Iran
Iraq
Kuwait Libya Nigeria
Saudi
Qatar Arabia
UAE
Vene-
zuela
Total'
Canada
1975
99
21
...
68
144
66
18
22
38
1
35
5
198
712
1976
96
28
2
78
153
36
23
10
33
5
108
13
230
813
1977
165
19
1
63
138
55
35
18
31
4
101
19
291
940
1st
Qtr
30
3
1
25
35
22
13
2
10
1
29
3
58
232
2d
Qtr
31
5
...
11
32
12
9
6
7
1
23
5
99
240
3d
Qtr
52
7
...
16
34
10
7
6
7
1
26
5
58
229
4th
Qtr
52
4
...
11
37
11
6
4
7
1
23
6
76
238
1978
1st Qtr 34
7
0
11
16
2
3
7
8
1
52
2
85
226
Apr 12
3
0
3
9
1
3
0
1
0
12
1
29
74
14
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80TOO702AO01100050006-8
Developed Countries: Imports From OPEC
Ecua-
Indo-
Saudi
Vene-
Algeria dor Gabon
nesia
Iran
Iraq Kuwait Libya Nigeria
Qatar Arabia
UAE
zuela
Total
United States
1975
1,448
515
215
2,447
1,579
23
126
1,120
3,525
64
2,987
781
3,869
18,699
1976
2,344
595
206
3,277
1,631
123
41
2,406
5,251
133
5,847
1,532
3,782
27,168
1977
3,228
661
240
3,756
3,032
420
239
4,021
6,440
315
7,012
1,810
4,273
35,447
1st Qtr
736
169
62
984
712
50
74
885
1,746
45
1,783
453
1,274
8,973
2d Qtr
783
185
67
996
762
138
81
1,139
1,688
81
1,896
485
1,006
9,307
3d Qtr
830
172
71
979
890
94
38
952
1,525
98
1,768
402
1,103
8,922
4th Qtr
879
135
40
797
668
138
46
1,045
1,481
91
1,565
470
890
8,245
1978
1st Qtr
901
214
55
876
897
42
26
911
1,182
89
1,404
550
1,003
8,150
Apr
338
51
22
363
212
17
2
333
362
43
476
149
361
2,729
Japan
1975
36
14
12
3,430
4,979
396
2,010
280
279
28
6,132
1,774
34
19,402
1976
11
22
18
4,095
4,454
580
2,017
206
109
30
7,835
2,472
34
21,885
1977
25
30
7
5,033
4,270
740
2,502
112
21
200
8,570
2,769
50
24,329
1st Qtr
2
5
3
1,251
1,180
187
514
14
4
45
2,326
698
11
6,240
2d Qtr
7
9
..
1,256
1,040
199
648
28
9
46
1,880
607
12
5,741
3d Qtr
7
7
2
1,271
988
213
623
30
5
28
2,021
673
15
5,882
4th Qtr
9
9
2
1,255
1,062
141
717
40
3
81
2,343
791
12
6,462
1978
1st Qtr
12
6
1
1,344
1,100
214
680
6
1
146
2,250
692
12
6,462
Apr
0
3
0
447
442
79
174
0
0
63
644
155
4
2,011
West Germany
1975
1,025
63
107
154
1,469
127
228
1,391
981
125
1,623
735
230
8,236
1978
1,146
69
70
214
1,988
155
182
2,103
974
125
1,799
693
209
9,727
1977
1,175
78
61
328
1,888
126
159
2,162
1,103
103
1,924
913
119
10,119
1st Qtr
329
21
17
98
497
39
45
624
232
17
436
197
30
2,582
2d Qtr
246
17
18
68
468
31
40
502
284
34
492
205
28
2,433
3d Qtr
303
16
6
77
420
32
21
541
267
31
542
252
28
2,536
4th Qtr
297
24
20
85
483
24
53
495
320
21
454
259
33
2,568
1978
1st Qtr
307
25
25
75
530
20
46
464
217
41
311
213
44
2,316
France
1975
741
15
245
55
1,285
1,082
619
189
849
207
2,986
1,096
85
9,435
1976
894
14
294
97
1,440
1,595
410
321
751
328
4,087
1,238
95
11,360
1977
789
48
370
157
1,099
1,831
353
309
945
316
4,315
1,191
98
11,821
1st Qtr
197
6
88
31
449
471
126
66
209
100
1,034
264
20
3,057
2d Qtr
204
14
102
40
299
349
75
51
249
63
907
276
19
2,648
3d Qtr
200
17
105
41
132
470
75
86
208
58
1,146
304
31
2,872
4th Qtr
188
11
75
45
219
541
77
106
279
95
1,228
347
28
3,237
1978
1st Qtr
206
12
75
48
312
565
64
99
232
108
1,126
186
22
3,054
Apr
92
3
28
8
85
142
29
42
78
19
348
121
6
1,001
United Kingdom
1975
190
5
10
33
1,553
225
936
289
887
347
1,917
358
366
8,914
1976
147
4
16
41
1,880
492
1,043
296
575
459
1,762
363
216
7,290
1977
87
8
5
50
1,380
581
944
246
382
174
1,903
454
117
6,311
1st Qtr
27
1
2
9
482
139
224
30
159
99
499
92
20
1,783
2d Qtr
21
2
1
11
359
146
283
81
69
33
559
102
35
1,701
3d Qtr
24
3
1
16
256
141
211
86
75
25
424
142
31
1,436
4th Qtr
15
2
1
14
263
155
226
49
79
17
421
118
31
1,391
1978
1st Qtr
10
2
4
14
335
202
359
54
123
13
514
133
35
1,797
Apr
1
1
0
5
40
41
82
41
51
0
69
48
12
391
15
Approved For Release 2002/01/30 : CIA-RDP80TOO702AO01100050006-8
Italy Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
1975 403
34
44
54
1,140
1,664
361
1,240
68
129
2,351
201
161
7,846
1976 308
26
16
119
1,270
1,354
208
1,645
58
145
2,512
248
211
8,120
1977
1st Qtr 41
8
13
34
343
373
169
357
31
26
649
97
38
2,177
2d Qtr 45
13
7
35
365
452
174
409
37
34
837
43
48
2,498
3d Qtr 51
9
5
25
392
224
128
337
15
11
794
59
55
2,105
4th Qtr 59
8
2
43
392
343
232
404
22
31
628
52
34
2
250
1978
,
1st Qtr 71
10
7
47
346
456
182
288
14
1
647
70
46
2,184
Canada
1975
2
22
28
15
819
144
120
39
84
7
809
153
1,189
3,430
1976
73
35
67
21
745
149
25
117
175
...
569
69
1,445
3,485
1977
49
68
19
25
552
114
20
...
39
...
721
14
1,426
3,047
1st
Qtr 10
24
16
4
140
25
..
...
15
...
210
...
373
816
2d
Qtr 12
17
...
7
145
...
...
...
...
...
184
...
374
739
3d
Qtr 22
11
3
9
148
41
...
...
18
...
194
7
365
818
4th
Qtr 5
16
...
5
119
48
20
...
6
...
133
7
314
673
1978
1st Qtr 7
23
21
7
156
39
0
0
0
0
189
0
333
773
Apr 0
13
0
2
41
10
0
0
0
0
31
0
95
191
Because o rounding, components may not add to totals shown.
Approved For Release 2002/01/30 :CIA-RDP80T00702AO01100050006-8
Approved F5dfc t6i8?9V g'OtJ ?O 1/dig' ~I -' tY ~ '~ ~`b11000500 &cand b/d
United States'
Annual
Average
16,367
17,308
16,853
18,322
17,461 18,418
Jan
16,735
18,713
17,286
18,004
18,598 20,481 19,691
Feb
17,861
19,094
17,366
17,084
17,429 20,427 20,874
Mar
16,870
17,216
16,104
16,315
17,299 18,056 19,627
Apr
15,529
15,921
15,929
16,048
16,671 17,570 (est) 18,041
May
14,801
16,626
15,726
15,155
15,977 16,960 (est) 18,598
Jun
15,615
16,481
16,117
15,610
16,836 18,048 (est) 17,915
Jul
14,821
16,372
16,349
15,740
16,613 17,549 (est) 18,292
Aug
15,936
17,499
16,550
15,806
16,642 18,009
Sep
15,489
16,656
16,024
15,768
16,825 17,733
Oct
16,455
17,202
17,050
16,377
17,052 17,831
Nov
17,610
18,492
17,351
15,777
18,847 18,440
Dec
18,738
17,538
18,013
18,185
20,560 20,046
Canada
Annual
Average
1,511
1,597
1,630
1,595
1,647 1,666
Jan
1,536
1,667
1,823
1,691
1,785 1,793 1,797
Feb
1,793
1,747
1,863
1,872
1,754 1,912 1,976
Mar
1,612
1,584
1,659
1,558
1,747 1,660 1,730
Apr
1,367
1,431
1,560
1,592
1,508 1,523 1,564
May
1,374
1,486
1,577
1,471
1,512 1,520
Jun
1,334
1,474
1,455
1,550
1,551 1,598
Jul
1,294
1,490
1,534
1,493
1,514 1,499
Aug
1,394
1,557
1,463
1,449
1,575 1,689
Sep
1,402
1,427
1,415
1,469
1,512 1,522
Oct
1,577
1,680
1,680
1,555
1,554 1,628
Nov
1,685
1,801
1,714
1,577
1,820 1,720
Dec
1,782
1,828
1,831
1,880
2,000 1,943
Japan
Annual
Average
4,311
5,000
4,872
4,568
4,786 5,015
Jan
N.A.
5,036
5,103
4,729
4,941 5,433 5,245
Feb
N.A.
5,352
5,664
5,191
5,246 6,025 6,180
Mar
N.A.
5,306
5,407
4,918
5,165 5,539 5,622
Apr
N.A.
4,737
4,706
4,202
4,526 4,714 4,805
May
N.A.
4,597
4,568
4,041
4,218 4,314 4,432
Jun
N.A.
4,776
4,520
4,135
4,429 4,484
Jul
N.A.
4,586
4,385
4,265
4,416 4,716
Aug
N.A.
4,684
4,576
4,234
4,461 4,709
Sep
N.A.
4,778
4,720
4,543
4,517 4,742
Oct
N.A.
5,093
4,614
4,409
4,523 4,664
Nov
N.A.
5,559
4,925
4,747
5,160 5,093
Dec
N.A.
5,526
5,330
5,447
5,846 5,800
Austria
Annual
Average
203
227
203
199
215 206
Jan
189
220
236
183
207 200 216
Feb
221
225
220
190
208 208 235
Mar
212
224
160
172
209 182 218
Apr
183
204
169
184
156 197
May
174
210
172
156
169 166
Jun
181
200
169
186
189 208
Jul
179
221
214
210
219 192
Aug
187
222
218
223
229 213
Sep
213
227
222
232
246 221
Oct
227
253
243
226
233 202
Nov
246
276
215
201
252 236
Dec
230
234
203
229
261 245
Belgium/Luxembourg
Annual
Average
485
505
440
418
449 442
Jan
535
543
512
550
498 552 595
Feb
591
589
528
558
547 507 592
Mar
546
570
392
410
469 517 520
Apr
470
565
383
465
460 483
17
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected OECD Countries: Trends in Inland Oil Consumption
Approved For Release 2002/01 /30ont4I DP80T00702AO01100050006-8
Thousand b/d
1972 1973 1974 1975 1976 1977 1978
Belgium/Luxembourg
(Continued) May 454 483 419 363 357 397
Jun 464 463 376 366 383 414
Jul 346 359 339 288 308 253
Aug 367 389 352 331 361 335
Sep 479 465 478 372 425 428
Oct 484 556 534 442 424 414
Nov 563 558 427 439 532 504
Dec 530 503 542 508 628 505
Annual
Denmark Average 301 307 309
Jan N.A. N.A. N.A. 332 358 370 338
Feb N.A. N.A. N.A. 380 398 405 407
Mar N.A. N.A. N.A. 317 367 362 358
Apr N.A. N.A. N.A. 354 307 340
May N.A. N.A. N.A. 258 242 241
Jun N.A. N.A. N.A. 257 250 236
Jul N.A. N.A. N.A. 218 184 192
Aug N.A. N.A. N.A. 264 261 293
Sep N.A. N.A. N.A. 262 274 326
Oct N.A. N.A. N.A. 302 280 246
Nov N.A. N.A. N.A. 324 356 323
Dec N.A. N. A. N.A. 353 414 376
Annual
France Average 1,985 2,219 2,094 1,925 2,075 1,973
Jan 2,276 2,743 2,523 2,190 2,436 2,519 2,646
Feb 2,450 2,687 2,389 2,243 2,486 2,386 2,601
Mar 2,100 2,528 2,249 1,952 2,381 2,109 2,237
Apr 1,848 2,296 1,970 2,202 2,100 2,043 2,045
May 1,743 1,890 1,915 1,640 1,796 1,846 2,134
Jun 1,597 1,685 2,103 1,642 1,593 1,715 1,678
Jul 1,444 1,566 1,703 1,491 1,629 1,349
Aug 1,441 1,495 1,506 1,300 1,668 1,390
Sep 1,950 1,932 1,996 1,785 1,974 1,783
Oct 2,106 2,482 2,045 1,917 1,904 1,882
Nov 2,332 2,593 2,260 2,077 2,236 2,181
Dec 2,574 2,768 2,492 2,658 2,712 2,512
Annual
Italy 2 Average 1,435 1,525 1,521 1,468 1,503 1,478
Jan 1,720 1,781 1,755 1,792 1,775 1,696 1,755
Feb 1,756 1,866 1,760 1,767 1,743 1,823 1,859
Mar 1,450 1,710 1,579 1,558 1,641 1,573 1,570
Apr 1,169 1,420 1,421 1,530 1,423 1,326 1,328
May 1,138 1,285 1,349 1,174 1,253 1,268 1,303
Jun 1,101 1,255 1,314 1,289 1,236 1,340
Jul 1,175 1,303 1,368 1,234 1,355 1,251
Aug 1,129 1,255 1,287 1,105 1,372 1,140
Sep 1,450 1,462 1,527 1,465 1,604 1,502
Oct 1,650 1,610 1,569 1,679 1,464 1,405
Nov 1,702 1,551 1,580 1,448 1,393 1,605
Dec 1,899 1,698 1,753 1,600 1,779 1,817
Annual
Netherlands Average 496 507 444 412 487 457
Jan 509 584 468 399 480 494 390
Feb 591 586 522 430 542 502
Mar 557 542 438 379 543 494
Apr 512 541 530 474 443 424
May 453 475 432 390 453 393
Jun 430 436 427 403 462 456
Jul 374 408 415 354 426 388
Aug 435 437 414 364 446 414
Sep 440 485 440 412 493 447
1
Approved For Release 2002/01/308 CIA-RDP80T00702AO01100050006-8
Approved For ~telea?seCO~?~'fr~y?htb~WbY80~di~6?x`100050006-8
Thousand b/d
Netherlands (Continued)
Oct
515
594
472
440
469
459
Nov
581
503
440
419
517
511
Dec
567
505
433
484
576
504
Norway
Annual
Average
N.A.
N.A.
143
150
163
170
Jan
N.A.
N.A.
155
142
161
177
171
Feb
N.A.
N.A.
154
171
180
202
193
Mar
N.A.
N.A.
124
137
181
189
171
Apr
N.A.
N.A.
126
149
145
162
155
May
N.A.
N.A.
118
145
147
150
160
Jun
N.A.
N.A.
141
130
153
159
Jul
N.A.
N.A.
113
120
130
131
Aug
N.A.
N.A.
125
140
146
156
Sep
N.A.
N.A.
151
161
168
189
Oct
N.A.
N.A.
161
162
167
161
Nov
N.A.
N.A.
174
181
175
179
Dec
N.A.
N.A.
180
162
197
192
Spain
Annual
Average
471
581
628
867
744
693
Jan
483
539
610
720
758
740
747
Feb
508
568
639
682
785
727
771
Mar
461
564
571
625
769
660
719
Apr
447
537
595
688
742
634
685
May
444
523
620
622
685
670
660
Jun
472
530
608
610
714
672
Jul
457
466
630
624
755
677
Aug
462
667
617
584
685
612
Sep
477
576
636
667
734
700
Oct
459
669
677
713
742
682
Nov
500
646
653
706
780
743
Dec
515
681
650
735
782
804
Sweden
Annual
Average
N.A.
533
490
478
529
512
Jan
N.A.
603
521
511
565
606
481
Feb
N.A.
555
415
547
530
600
569
Mar
N.A.
540
427
479
539
545
508
Apr
N.A.
506
441
532
450
499
May
N.A.
524
495
392
395
466
Jun
N.A.
420
464
511
410
410
Jul
N.A.
387
423
362
382
388
Aug
N.A.
455
463
459
483
456
Sep
N.A.
492
516
503
571
497
Oct
N.A.
656
553
462
585
492
Nov
N.A.
645
568
446
697
546
Dec
N.A.
618
581
538
740
590
United Kingdom
Annual
Average
1,954
1,974
1,857
1,633
1,627
1,865
Jan
2,121
2,315
2,045
1,981
1,679
1,860
1,852
Feb
2,401
2,313
2,127
1,907
1,865
1,874
1,929
Mar
2,249
2,271
2,133
1,731
1,879
1,848
1,870
Apr
2,027
2,038
1,899
1,826
1,716
1,670
1,819
May
1,851
1,939
1,704
1,482
1,417
1,545
1,644
Jun
1,745
1,697
1,545
1,416
1,416
1,477
Jul
1,519
1,637
1,531
1,322
1,346
1,321
Aug
1,527
1,615
1,513
1,208
1,296
1,371
Sep
1,703
1,727
1,663
1,501
1,501
1,580
Oct
1,959
2,150
2,049
1,707
1,568
1,570
Nov
2,194
2,258
2,108
1,723
1,778
1,925
Dec
2,132
1,906
1,983
1,821
1,899
1,903
Approved For Release 2002/01/30 : & 1A-RDP80T00702A001100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8
Selected OECD Countries: Trends in Inland Oil Consumption
(Continued)
Thousand b/d
West Germany
Annual
Average
2,521
2,693
2,408
2,319
2,507
2,478
Jan
2,545
2,868
2,556
2,183
2,464
2,393
2,461
Feb
2,803
2,850
1,969
2,455
2,497
2,446
3,013
Mar
2,525
2,707
2,173
2,234
2,747
2,523
2,610
Apr
2,347
2,809
2,539
2,431
2,339
2,431
2,577
May
2,335
2,546
2,403
2,253
2,320
2,364
(est) 2,354
Jun
2,632
2,674
2,414
2,106
2,393
2,475
Jul
2,188
2,196
2,548
2,319
2,624
2,382
Aug
2,444
2,738
2,476
2,360
2,515
2,469
Sep
2,487
2,618
2,473
2,309
2,521
2,567
Oct
2,522
2,969
2,613
2,328
2,391
2,324
Nov
2,667
2,883
2,432
2,361
2,700
2,649
Dec
2,783
2,481
2,261
2,502
2,571
2,719
Australia
Annual
Average
...
...
...
...
483
510
Jan
...
...
...
...
411
447
436
Feb
...
...
...
...
459
491
494
Mar
...
...
...
...
463
476
495
Apr
...
...
...
467
462
465
May
...
...
...
...
479
547
Jun
...
...
...
...
526
575
Jul
...
...
...
...
503
502
Aug
...
...
...
...
516
550
Sep
...
...
...
...
530
583
Oct
...
...
...
...
459
470
Nov
...
...
...
...
484
512
Dec
...
...
...
...
510
511
'Including bunkers, refinery fuel, and losses.
'Principal products only.
20
Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected OECD Countries: Oil Stocks
United
States
Japan Canada
Belgium
Denmark
France
Ireland
Italy
1973 Sep
1,057,911'
300,000 113,193
N.A.
N.A.
N. A.
N.A.
N.A.
1974 Mar
995,365'
257,000 116,060
N.A.
N.A.
A.
N.A.
N.A.
Jun
1,102,467'
325,000 N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Sep
1,156,105'
359,000 148,305
N.A.
N.A.
N.A.
N.A.
N.A.
Dec
1,115,916
334,000 142,233
N.A.
N.A.
N. A.
N.A.
N.A.
1975 Mar
1,076,360
296,000 133,805
45,968
34,770
N. A.
7,636
136,890
Jun
1,071,150
314,000 140,617
44,983
34,887
N.A.
7,899
142,335
Sep
1,147,338
330,000 147,939
51,644
44,333
254,296
7,716
152,490
Dec
1,111,810
325,000 138,462
51,538
43,836
222,051
6,293
142,153
1976E Mar
1,060,489
290,000 121,490
42,340
36,281
191,245
5,913
117,260
Jun
1,108,703
325,000 132,174
47,187
35,033
202,684
6,563
132,882
Sep
1,191,450
365,000 138,211
48,165
42,033
239,265
6,570
141,496
Dec
1,111,810
359,000 125,934
40,077
41,296
231,133
6,008
140,773
1977 Mar
1,086,822
327,000 125,757
41,508
36,354
209,868
5,840
135,692
Jun
1,195,088
362,000 138,808
49,589
39,456
201,130
7,066
162,381
Sep
1,303,369
376,000 142,660
57,371
46,340
225,592
6,979
163,958
Dec
1,311,217
383,000 143,545
51,618
46,107
234,629
7,023
159,972
1978 Mar
1,167,740
360,000 128,476
N.A.
39,259
195,640
6,869
132,218
Apr
1,158,200
353,000 125,454
N.A.
N.A.
N.A.
N.A.
N.A.
May
1,156,400
404,000 N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Jun
1,201,800
365,000 N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Jul
1,173,200
N.A. N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Luxem-
Nether-
Switzer-
United
West
bourg
lands
Norway Portugal
Spain
land
Turkey
Kingdom
Germany
1973 Sep
N.A.
N.A. N.A. N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
1974 Mar
N.A.
N.A. N.A. N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Jun
N.A.
N.A. N.A. N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Sep
N.A.
N.A. N.A. N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Dec
N.A.
N.A. N.A. N.A.
N.A.
N. A.
N.A.
N.A.
N.A.
1975 Mar
569
82,724 12,534 N.A.
61,393
27,638
9,636
N.A.
148,832
Jun
504
82,738 11,921 N.A.
58,845
28,368
10,957
N.A.
151,424
Sep
548
83,614 13,563 6,541
61,743
30,332
1.1,271
N.A.
170,083
Dec
511
80,059 13,702 5,876
59,181
30,565
6,979
N.A.
184,004
1976 Mar
438
71,336 16,958 8,556
57,874
28,360
10,424
145,555
165,783
Jun
584
71,744 18,980 7,680
66,211
29,375
1.0,103
156,417
172,244
Sep
584
84,315 17,162 7,008
68,240
30,580
9,870
163,323
190,858
Dec
606
80,190 17,454 9,176
66,897
32,230
1.1,680
163,111
204,787
1977 Mar
650
75,438 14,133 8,838
77,760
32,018
8,475
146,518
203,342
Jun
620
83,388 15,936 9,629
81,694
34,500
1.4,089
155,884
201,677
Sep
606
86,819 17,009 9,132
77,701
35,222
1.0,614
157,768
216,971
Dec
650
79,935 18,805 11,147
77,833
35,573
N. A.
145,985
222,110
1978 Mar
620
74,387 15,651 N.A.
74,175
34,522
N.A.
135,955
203,743
' Estimated.
E As of January 1977, US Bureau of Mines changed the reporting of crude oil stocks to include foreign crude oil not yet received at
refineries. Figures beginning in 1976 have been computed on the new basis.
Note: West European stock data have been revised to reflect a more comprehensive coverage of oil statistics by the OECD.
21
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Estimated OECD Oil Consumption'
Million b/d
1973
43.2
37.6
36.8
42.4
1974
39.6
35.9
36.3
39.0
1975
37.9
34.2
34.2
37.6
1976
39.9
35.7
36.2
41.1
1977
42.5
37.1
37.1
40.7
1978
43.8
' Excluding Australia and New Zealand, and including
US refinery gain.
Western Europe: Oil Spot Market Prices
US $ per Barrel
F.O.B. Rotterdam'
F.O.B. Italy
Heavy Fuel Oil
Heavy Fuel Oil
1%
Sulfur
3.5%
Sulfur
Gas Oil
Gasoline
(Premium)
1%
Sulfur
3.5%
Sulfur
Gas Oil
Gasoline
(Premium)
1974
1st Qtr
14.02
12.77
15.13
19.76
13.87
12.88
13.95
19.26
2d Qtr
10.15
9.70
11.77
19.61
9.90
9.35
10.93
18.77
3d Qtr
9.87
9.24
12.34
13.92
9.61
9.23
11.96
13.15
4th Qtr
11.09
10.11
12.33
13.26
10.29
9.96
11.68
12.08
1975
1st Qtr
11.97
10.49
11.18
14.20
10.57
10.24
11.10
13.23
2d Qtr
10.61
9.68
12.90
15.95
10.40
10.16
12.24
15.28
3d Qtr
9.33
8.62
14.40
15.02
8.81
8.30
13.87
14.64
4th Qtr
9.53
8.33
14.84
15.85
8.99
8.38
14.56
15.24
1976
1st Qtr
10.39
9.84
13.79
17.10
9.95
9.65
13.59
16.48
2d Qtr
10.40
9.56
14.08
19.24
10.18
9.73
13.90
18.30
3d Qtr
11.06
9.99
14.40
18.02
10.34
10.06
14.19
17.37
4th Qtr
12.07
10.76
14.57
17.44
11.64
10.85
14.48
16.83
1977
1st Qtr
13.25
11.71
15.80
16.82
13.53
12.06
15.89
16.56
2d Qtr
12.51
10.77
15.74
17.26
12.25
10.88
15.71
16.48
3d Qtr
12.47
11.33
15.67
16.60
12.42
11.29
15.70
15.87
4th Otr
12.76
11.68
15.94
16.44
12.21
11.63
15.71
15.44
1978
1st Qtr
12.89
11.44
16.15
16.87
12.05
11.38
16.18
15.73
2d Qtr
12.72
11.07
16.44
17.95
11.93
10.77
16.33
16.99
Jul
12.27
10.92
16.35
19.08
11.44
10.66
16.44
18.29
Aug
11.52
10.79
16.36
21.60
11.12
10.06
16.36
19.96
' Barge lot-minimum 3,500 barrels.
E Cargo lot-minimum 130,000 barrels.
22
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Selected Developed Countries: Retail Petroleum Product Prices
US Cents per US Gallon
Regular
Gasoline
Premium
Gasoline
Diesel Fuel
United States
1973 Oct
40
12
44
12
23
12
1974 Jun
55
12
59
12
36
12
1975 Jun
57
12
61
12
51
12
1976 Jun
59
12
64
12
52
12
1977 Jun
63
12
69
12
57
12
Dec
63
12
69
12
57
12
1978 Jan
62
12
68
12
NA
NA
Japan
1973 Oct
102
46
116
46
53
23
1974 Jun
159
55
181
55
82
23
1975 Jun
181
55
206
55
95
23
1976 Jun
183
55
208
55
101
23
1977 Jun
194
68
221
68
109
30
Dec
189
68
215
68
106
30
1978 Jan
186
68
212
68
106
30
West Germany
1973 Oct
133
96
148
98
134
91
1974 Jun
163
99
177
100
166
94
1975 Jun
157
100
170
100
162
91
1976 Jun
172
100
183
101
168
94
1977 Jun
168
100
178
102
167
94
Dec
167
100
177
102
167
94
1978 Jan
167
100
177
102
167
94
France s
1973 Oct
100
68
108
72
69
42
1974 Jun
129
72
140
77
83
44
1975 Jun
135
77
147
81
90
48
1976 Jun
146
80
157
85
101
50
1977 Jun
175
106
190
113
115
57
Dec
175
106
190
113
115
57
1978 Jan
175
106
190
113
115
57
United Kingdom
1973 Oct
57
36
60
36
57
36
1974 Jun
86
44
89
44
88
44
1975 Jun
113
44
117
44
88
44
1976 Jun
120
60
124
61
99
44
1977 Jun
134
72
137
72
136
67
Dec
121
62
124
62
136
67
1978 Jan
121
62
124
62
136
67
Italy 8
1973 Oct
78
59
82
61
42
27
1974 Jun
110
70
116
73
60
28
1975 Jun
128
87
134
90
63
29
1976 Jun
172
111
178
115
73
30
1977 Jun
214
154
223
159
69
20
Dec
214
154
223
159
69
20
1978 Jan
214
154
223
159
73
20
NOTE: Converted at 1 March 1978 exchange rates.
Including tax.
2 Government price ceilings in effect.
23
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Operating Direct
Company Sales
Cost' Price
OPEC average
Saudi Arabia
US $ per Barrel
2d Qtr 1977 3d Qtr 1977 4th Qtr 1977 1st Qtr 1978
Operating Direct Operating Direct Operating Direct Operating Direct
Company Sales Company Sales Company Sales Company Sales
Cost Price Cost Price Cost Price Cost Price
Light 34?
API 1.70% sulfur 11.84
12.09
11.84
12.09
12.45
12.70
12.45
12.70
12.50
12.70
Berri 39?
API 1.16% sulfur 12.22
12.48
12.22
12.48
12.95
13.22
12.95
13.22
13.02
13.22
Heavy 27?
API 2.85% sulfur 11.13
11.37
11.13
11.37
11.77
12.02
11.77
12.02
11:82
12.02
Medium 31? API 2.40% sulfur
11.44
11.69
11.44
11.69
12.07
12.32
12.07
12.32
12.12
12.32
Iran
Light 34? API 1.35% sulfur
12.59
12.81
12.59
12.81
12.59
12.81
12.59
12.81
12.59
12.81
Heavy 31? API 1.60% sulfur
12.27
12.49
12.27
12.49
12.27
12.49
12.27
12.49
12.27
12.49
Iraq 35? API 1.95% sulfur
12.62
12.62
12.60
12.60
12.60
12.60
12.60
12.60
12.60
12.60
Nigeria 34? API 0.16% sulfur
13.91
14.22
14.15
14.52
14.15
14.52
14.15
14.52
13.86
14.22
UAE 39? API 0.75% sulfur
12.08
12.50
12.08
12.50
12.73
1326
12.73
13.26
12.73
13.26
Kuwait 31? API 2.50% sulfur' 12.22
12.37
12.22
12.37
12.22
12.37
12.22
12.37
12.12
12.27
Libya 40? API 0.22% sulfur 13.68
13.92
13.68
13.92
14.01
14.20
14.01
14.20
13.75
14.00
Venezuela 26? API 1.52% sulfur
12.52
12.72
12.52
12.72
12.52
12.72
12.62
12.82
12.62
12.82
Indonesia 35? API 0.09% sulfur
12.15
13.55
12.15
13.55
12.15
13.55
12.15
13.55
12.25
13.55
Algeria 42? API 0.10% sulfur
14.29
14.29
14.29
14.29
14.45
14.45
14.45
14.45
14.25
14.25
Qatar 40? API 1.17% sulfur
12.88
13.19
12.88
13.19
12.88
13.19
12.88
13.19
12.88
13.19
Gabon 29? API 1.26% sulfur
11.79
12.80
11.79
12.80
11.79
12.80
11.79
12.80
11.79
12.80
Ecuador 28? API 0.93% sulfur
11.68
13.00
11.68
13.00
11.68
13.00
11.68
12.60
11.32
12.40
' Total average f.o.b. costs paid by present or former concessionaires.
2 F.o.b. prices set by the government for direct sales and, in most cases, for the producing company buy-back oil.
'Weighted by the volume of production.
4 A 10-cent-per-barrel discount will be offered to buyers provided they meet their minimum contractual lifting volumes for second half
1977. The discount will be credited to the lifting companies' accounts beginning in first quarter 1978.
24
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Million b/d
1970
1971
1972
1973
1974
1975
1976
1977
1978
1st Qtr
2d Qtr
Jul
7.06
7.54
8.01
8.58
9.18
9.82
10.39
10.92
11.19
11.35
11.44
Total
7.06
7.54
8.01
8.58
9.18
9.82
10.39
10.92
Urals-Volga
4.17
4.23
4.31
4.40
4.44
4.50
4.45
4.34
West Siberia
0.63
0.90
1.25
1.75
2.33
2.96
3.63
4.34
Central Asia
0.58
0.66
0.71
0.76
0.79
0.81
0.80
0.78
Azerbaydzhan SSR
0.40
0.38
0.37
0.36
0.36
0.34
0.33
0.32
North Caucasus
0.68
0.72
0.69
0.59
0.53
0.47
0.42
0.38
Ukrainian SSR
0.27
0.28
0.28
0.27
0.25
0.23
0.23
0.21
Komi ASSR
0.11
0.12
0.13
0.13
0.14
0.14
0.18
0.22
Belorussia SSR
0.08
0.11
0.12
0.14
0.16
0.16
0.17
0.18
Far East
0.05
0.05
0.05
0.05
0.05
0.04
0.04
0.04
Other
0.09
0.09
0.10
0.13
0.13
0.17
0.14
0.11
I Including natural gas liquids.
2 Preliminary.
Total
Middle East
Egypt
40
40
20
4
3
5
3
Iraq
80
220
78
108
116
Other
50
90
80
66
29
37
9
25
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Total
1,920
2,110
2,140
2,380
2,340
2,600
2,970
3,200
Other Communist countries
1,010
1,110
1,200
1,350
1,440
1,550
1,680
1,800
Eastern Europe
805
895
975
1,100
1,180
1,260
1,370
Asia
30
25
20
20
30
40
40
Cut*
120
130
140
150
155
160
175
Yugoslavia
55
60
65
80
75
90
95
Free World countries
910
1,000
940
1,030
900
1,050
1,290
1,400
North America
5
...
10
30
20
15
23
Canada
...
...
...
...
3
5
2
United States
5
...
10
30
17
10
21
Western Europe
760
830
815
880
750
880
1,102
Finland
155
170
170
200
180
175
190
France
50
90
60
105
30
70
117
Italy
205
180
170
175
135
135
240
Netherlands
30
35
50
65
60
60
53
Sweden
95
90
90
65
60
70
55
West Germany
125
120
125
115
125
150
145
Other
100
145
150
155
160
220
302
Near and Middle East
60
60
50
30
30
45
56
Egypt
30
32
30
7
4
5
5
Greece
20
20
18
16
20
38
40
Other
10
8
2
7
6
2
11
Africa
25
30
35
35
23
20
23
Ghana
10
12
13
12
6
3
5
Morocco
14
17
19
19
13
13
13
Other
1
1
3
4
4
4
5
Asia
60
80
30
55
52
60
65
India
5
10
8
10
20
25
22
Japan
54
66
20
41
25
26
35
Other
1
4
2
4
7
9
8
Latin America
...
...
..
...
25
30
21
Brazil
...
...
...
...
25
30
21
1970
5.15
1971
5.46
1972
5.92
1973
6.33
1974
6.79
1975
7.20
1976
7.55
19771
7.9
26
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
USSR: Natural Gas Production '
Billion ft3/d
1970
19.2
1971
20.5
1972
21.4
1973
22.9
1974
25.2
1975
28.0
1976
30.9
1977
33.5
1978
1st Qtr
36.5
2d Qtr
35.1
Jul
34.3
Total 19.2 20.5 21.4
22.9
25.2
28.0
30.9
33.5
Central Asia 4.7 5.2 5.7
6.9
8.0
9.2
10.2
10.6
Ukrainian SSR 5.9 6.3 6.5
6.6
6.6
6.6
6.5
6.3
North Caucasus 3.7 3.5 2.9
2.5
2.4
2.3
2.3
2.2
West Siberia 0.9 0.9 1.1
1.6
2.4
3.6
4.3
6.9
Komi ASSR 0.6 1.0 1.3
1.3
1.6
1..8
2.0
2.0
Azerbaydzhan SSR 0.5 0.6 0.7
0.8
0.9
1..0
1.1
1.2
Urals-Volga and other produc-
ing regions in the RSFSR 2.8 3.1 3.2
3.1
3.3
3.5
4.5
4.3
' To convert to m3/d multiply data by 0.028316847.
E Revised.
Preliminary.
Exports 0.3 0.4 0.5
0.7
1.4
1.9
2.5
2.9
Eastern Europe 0.2 0.3 0.3
0.5
0.8
1.1
1.5
1.5
Bulgaria ... ... ...
...
Negl.
0.1
0.2
0.3
Czechoslovakia 0.1 0.2 0.2
0.2
0.3
0.4
0.4
0.4
East Germany ... ... ...
0.1
0.3
0.3
0.3
0.4
Hungary ... ... ...
...
...
0.1
0.1
0.1
Poland 0.1 0.1 0.1
0.2
0.2
0.2
0.2
0.3
Western Europe 0.1 0.1 0.2
0.2
0.5
0.8
1.2
1.4
Austria 0.1 0.1 0.2
0.2
0.2
0.2
0.3
0.2
Finland
Negl.
0.1
0.1
0.1
France
...
...
0.1
0.1
Italy ... ... ...
...
0.1
0.2
0.4
0.5
West Germany ... ... ...
Negl.
0.2
0.3
0.4
0.5
Imports 0.3 0.8 1.1
1.1
1.2
1.2
1.1
1.3
Afghanistan 0.2 0.2 0.3
0.3
0.3
0.3
0.2
0.3
Iran 0.1 0.5 0.8
0.8
0.9
0.9
0.9
1.0
'To convert to m3/d multiply data by 0.028316847.
B Estimated.
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80TOO702AO01100050006-8
1970
19.2
1971
20.9
1972
21.9
1973
23.3
1974
25.0
1975
27.3
1976
29.6
1977
31.9
Eastern Europe: Oil Production and Consumption
Thousand b/d
1970
1971
1972
1973
1974
1975
1976
19772
Production
384
393
404
410
417
423
430
431
Bulgaria
7
6
5
4
3
2
2
2
Czechoslovakia
4
4
4
3
3
3
3
2
East Germany
1
1
1
1
1
1
1
1
Hungary
39
39
40
40
40
40
43
44
Poland
8
8
7
8
11
11
9
9
Romania
268
276
283
286
290
292
294
293
Yugoslavia
57
59
64
68
69
74
78
80
Consumption'
1,225
1,374
1,509
1,787
1,777
1,884
2,019
2,145
Bulgaria
184
212
222
248
268
248
256
265
Czechoslovakia
208
236
256
300
314
327
354
374
East Germany
182
202
259
277
269
282
311
330
Hungary
127
144
162
179
188
218
227
233
Poland
172
192
215
268
262
311
323
343
Romania
198
217
229
261
241
259
293
340
Yugoslavia
155
169
164
254
235
239
255
260
Crude oil equivalent. Because of rounding, components may not add to totals shown.
2 Estimated.
28
Approved For Release 2002/01/30 : CIA-RDP80TOO702AO01100050006-8
Crude Oil I
Imports
879
1,013
1,171
1,401
1,421
1,551
1,732
USSR
679
800
921
1,044
1,108
1,242
1,331
OPEC
102
117
107
233
295
260
326
Iraq
40
53
28
53
93
125
112
Iran
62
64
71
94
63
72
14
Algeria
...
6
..
5
14
7
Libya
...
Negl.
2
4
9
13
Kuwait
...
4
...
15
Other
...
...
...
821
1303
253
1791
Non-OPEC
98
96
143
124
18
49
75
Belgium
...
...
...
6
4
19
West Germany
...
...
6
4
...
11
Netherlands
...
...
...
...
2
11
1
Syria
Negi.
...
7
3
Negl.
...
France
...
7
1
Other
98
89
135
115
6
25
44
Petroleum products
Imports
168
153
159
177
180
160
164
Bulgaria
58
51
47
47
48
34
37
Czechoslovakia
22
20
21
25
27
21
25
East Germany
2
4
11
2
2
3
3
Hungary
19
16
14
20
21
19
21
Poland
48
45
47
61
60
63
64
Yugoslavia
17
17
19
22
22
20
14
Exports
201
182
220
204
236
243
298
Czechoslovakia
15
18
20
13
10
15
17
East Germany
26
20
47
48
58
57
55
Hungary
18
10
13
13
10
11
11
Poland
26
21
34
27
24
32
54
Romania
107
107
102
99
129
124
157
Yugoslavia
9
6
4
4
5
4
4
' Estimated.
a Crude oil exports are negligible.
3lncluding data that cannot be distributed by country of origin.
Production
3.5
3.9
4.3
4.7
4.8
5.1
5.8
5.7
Bulgaria
Negi.
Negl.
Negl.
Negl.
Negl.
Negl.
Negi.
Negl.
Czechoslovakia
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
East Germany
0.1
0.3
0.5
0.7
0.7
0.7
0.8
0.81
Hungary
0.3
0.4
0.4
0.5
0.5
0.5
0.6
0.6
Poland
0.5
0.5
0.5
0.6
0.5
0.6
0.6
0.7
Romania
2.3
2.5
2.6
2.7
2.8
3.1
3.3
3.2
Yugoslavia
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
Consumption
3.8
4.2
4.6
5.2
5.7
8.2
7.1
7.2
Bulgaria
Negl.
Negl.
Negl.
Negl.
Negl.
0.1
0.2
0.3
Czechoslovakia
0.2
0.3
0.3
0.3
0.4
0.5
0.5
0.5
East Germany
0.1
0.3
0.5
0.8
1.0
1.0
1.2
1.2
Hungary
0.4
0.4
0.4
0.5
0.5
0.6
0.8
0.8
Poland
0.6
0.7
0.7
0.7
0.8
0.8
0.9
1.0
Romania
2.3
2.5
2.5
2.7
2.8
3.0
3.3
3.2
Yugoslavia
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.2
'To convert to m9/d multiply data by 0.028316847.
2 Estimated.
Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8
Million ft'/d
1970
1971
1972
1973
1974
1975
1976
1977
Imports
259.7
332.9
353.8
486.8
841.0
1,113.7
1,350.4
1,503.3
Bulgaria
29.7
114.7
215.7
290.01
Czechoslovakia
131.3
160.6
189.3
230.8
315.0
369.7
447.9
450.0 2
East Germany
11.9
8.1
Ne9l.
71.3
272.1
308.5
323.3
380.02
Hungary
19.4
20.1
19.4
19.4
19.4
78.0
116.9
116.4
Poland
97.1
144.1
145.1
165.3
204.8
242.8
246.6
266.9
Exports
29.6
34.1
32.9
28.3
23.3
23.1
25.3
24.4 2
Czechoslovakia
8.4
11.9
11.4
9.5
3.5
3.7
5.9
5.0 2
Romania
19.4
19.4
19.4
18.7
19.8
19.4
19.4
19.41
Yugoslavia
1.8
2.8
2.1
Negl.
...
...
...
...
' To convert to m'/d, multiply by 0.028316847.
2 Estimated.
Thousand b/d
1973
1974
1975
1976
1977
Crude Oil Production
1,096
1,315
1,485
1,672
1,806
Crude Oil Consumption
920
1,030
1,300
1,500
1,600
Oil Exports 2
40
110
210
190
205
Japan
19.4
78.1
157.6
121.2
132.0
Philippines
...
2.1
8.3
11.3
10.0
Thailand
0.4
0.8
1.1
5.9
...
Hong Kong
0.8
6.6
13.1
12.3
14.0'
Other countries'
20
20
30
40
50
' Preliminary.
2 Exports include both crude oil and petroleum products. Data are rounded to the nearest five
thousand barrels.
' Rough estimate of sales to North Korea, Romania, and Vietnam. Sales to North Korea jumped
sharply beginning in 1975 when a pipeline between PRC and North Korea was completed.
30
Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8
Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8