INTERNATIONAL ENERGY BIWEEKLY REVIEW

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CIA-RDP80T00702A001100050006-8
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RIPPUB
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S
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67
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December 12, 2016
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January 2, 2002
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6
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Publication Date: 
September 6, 1978
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REPORT
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ApprovecjFor Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 ise-i~43 X01 're A V, i ~ s~-ca~n Irztr Secret ER IEBR 78-6,18 Approved For Release 2002/01/30 : CIA-RDP80T00702AO011000500O 8v"Z r 11178 Copy 287 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01130 : CIA-RDP80T00702A001100050006-8 National Secret Foreign NOFORN Assessment Center Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 SECRET Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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- Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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) Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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. Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 . . SECRET 6 September 1978 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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) Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 25X6 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Next 4 Page(s) In Document Exempt Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 CIA-RDP80T00702A001100050006-8 pr& 6dibr Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Foreign Assessment Center International Energy Statistical Review 6 September 1978 ER IESR 78-012 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100086UM-I8r 1978 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Library of Congress Washington, D.C. 20540 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO0110005000657~ 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 Approved For Release 2002/01/30 : CIA-RDP80T00702A001100050006-8 Algeria Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 NON-ARAB OPEC OIL PRODUCTIO' MILLION B/D '.` 3.5 30 Nigeria 1Major producers. Data include natural gas liquids. 577197 9-78 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 FREE WORLD AND USSR OIL PRODUCTION1 MILLION B/D 1Data include natural gas liquids. Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 Approved For Release 2002/01/30 : CIA-RDP80T00702AO01100050006-8 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 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) 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