BACKGROUN-FIGURES ON BRITISH OIL

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP79R00890A000700030003-4
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 2
• Document Creation Date: December 21, 2016
• Document Release Date: July 2, 2008
• Sequence Number: 3
• Publication Date: March 7, 1956
• Content Type: BRIEF

Approved For Release 2008/07/02 : CIA-RDP79R00890A000700030003-4
NSC BRIEFING
7 March 1956
In 1955 approximately 5, or nearly million dollars
worth, of total British impo
gallons valued at about $630
East.
of crude oil (9.5 billion
on) came from the Middle
Supporting Table
Area OX Origin
Quantity
+ Xlllion )
Eddie East
5,877.2
n Hemisphere
5,343.3
Europe
537.0
Far East)
Others )
741.0
9,498.5
Approx. Value Percent of Tntnl
(mullion $) Cr. o
$827
7.8
100.0
11. Crude oil, measured by value, accounted for about 51 of
Britain's total annual 1955 impart bill of $10.9 billion.
A. Crude Oil from the Middle last alone, valued at about
$484 million, accounted for about 4% of the total import
For comparison, the alternative energy sources of coal
and coke accounted for less than 2% of the total import
bill.
of value, Kuwait supplies the largest share
of British oil imports (38%) and Iratg, Bahrain and Quatar, and
Venezuela supply the next largest shares (about 9% each).
Approved For Release 2008/07/02 : CIA-RDP79R00890A000700030003-4
25X1
1
 Approved For Release 2008/07/02 : CIA-RDP79R0089OA000700030003-4
(Because of price dif
slightly different.,,,,,
see table below)
A. E.
Country of 4
tree would be
based on quantity instead of value)--
Kuwait
Iraq
Venezuela
Nett.. Antilles
Bahrain & Qatar
Netherlands
Trinidad
U.S.
Other
by quantity Percent by Value
44.3
10.5
8.8
7.9
6.0
4.4
8,9
8.7
10.5
Total 190.0
8.9
9.5
6.8
5.1
IV. ZxWrts of petroleum and petroleum products from the IK are
relatively small and go primarily to Scandinavia, Africa,
and Commonwealth countries.
A. In 1955 these exports were only about $218 milli
about 2% of the total export bill of 8.4 billion.
In order of importance, measured by value exported,
principal destinations of petroleum and petroleum products
exported and re-exported from the are Denmark
Italy, South Africa,
Apa n, India, West Germany, France, and Australia.
Approved For Release 2008/07/02 : CIA-RDP79R0089OA000700030003-4