ESTIMATED AND PROJECTED CONSUMER OIL BILLS AND PRODUCER EARNINGS: 1973-1977
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP85T00875R002000010049-2
Release Decision:
RIPPUB
Original Classification:
K
Document Page Count:
4
Document Creation Date:
December 12, 2016
Document Release Date:
May 15, 2000
Sequence Number:
49
Case Number:
Publication Date:
December 10, 1974
Content Type:
MFR
File:
Attachment | Size |
---|---|
CIA-RDP85T00875R002000010049-2.pdf | 176 KB |
Body:
"ESTIMATED`& PROJECTED ,CONSUMER UIL
1'977 DEC 74 UN CL
- ipprov--eW r'fe"fease =170972B : (;i7 - -
c,lt/oE,e/s-~16G7y- 7 y
10 December 1974
SUBJECT: Estimated and Projected Consumer Oil Bills
and Producer Earnings: 1973 - 1977
DIA.
The attached tables were passed to Mr.
DIA, on 5 December for use in briefing the Director of
. Acting Chief
Trade and Monetary Analysis Branch
Office of Economic Research
Attachments:
As stated
Distribution: (S-6674)
1 - D/OER, SA/ER
1 - St/P
2 - I/T11
OER/I/TM/ /ka/7717 (10 December 1974)
o1i.Y
- ,... roved For Release 2001/09/28_ CIA-RDP85T00875R002000010049-2
._. Approved For Release 2001/09/28: CIA-RDP85T00875R002000010049-2
OPEC OIL EARNINGS
1973 - 1977
(billion $)
.1973
1974
1975
1976
1977
ALGERIA
1.0
4.1
3.6
3.6
3.6
ECUADOR
.1
.5
.5
.5
INDONESIA
1.2
3.5
4.4
4.7
4.7
IRAN
4.5
20:3
21.7
21.7
21.7
IRAQ
1.7
5.8
7.5
6.7
6.7
KUWAIT
1.9
8.6
8.2
7.4
7.4
)z
LIBYA
2.3
6.7
7.9
7.1
7.1
NIGERIA
2.4
8.7
9.2
9.2
9.2
QATAR
.4
1.9
2.0
2.4
2.4
SAUDI ARABIA
5.5
29.9
32.2
32.9
32.9
UNITED ARAB EMIRATES
1.2
6.6
8.1
8.1
8.1
VENEZUELA
3.0
8.7
8.7
=9
7
2
.
TOTAL
25.2
105.3
114.0
112.2
111.5
1 OPEC's actual receipts for oil exports will roughly equal a-.c
earnings except in 1974. While OPEC earned $105 billion this year,
.t will only receive about $94 billion in actual payments. The dif-
ference results from an average two-month lag in payments by conces-
sionaires to producers which delayed the full impact of the 1 January
1974 price increase. As a result of this a
national ownership, payments lag and increased
p, which was applied to earnings retroactively, the
bulk of 1974's OPEC receipts were concentrated in the second half of
this year. With the impact of higher oil prices now being fully felt
and most retroactive payments now completed, OPEC's annual accrued
earnings should correspond closely to receipts during the next three
years.
CIA/OER
10 December 1974
Approved For Release 2001/09/28 : CIA-RDP85T00875R002000010049-2
Approved For Release 2001/09/28 : CIA-RDP85T00875R002000010049-2
DEVELOPED COUNTRIES: OIL BILLS, TRADE BALANCES AND
CURRENT ACCOUNT BALANCES
CURRENT ACCOUNT TRADE BALANCE
(millions of US dollars)
Estimated Estimated
1973 1974 1974
UNITED STATES 407
WEST GERMANY 4,935
FRANCE -255
ITALY -2,531
UNITED KINGDOM -3,702
CANADA -425
JAPAN -113
-608
-3,908
9,817
24,378
-6,530
-4,180
-7,685
-5,576
-9,737
-12,396
-966
1,636
-6,526
-1,069
1974
CANADA 3.4
JAPAN 19.4
UNITED KINGDOM 10.2
ITALY 8.4
FRANCE 12.3
WEST GERMANY 9.4
UNITED STATES 22.4
1/ Does not includeintra-European oil trade.
CIA/OER
10 December 1974
Approved For Release 2001/09/28 : CIA-RDP85T00875R002000010049-2