USSR: TRADE IN OIL AND NATURAL GAS, 1973-74

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001900030164-4
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 9
• Document Creation Date: December 19, 2016
• Document Release Date: August 19, 2005
• Sequence Number: 164
• Publication Date: October 25, 1974
• Content Type: MEMO

STAT
Approved For Release 2005/12/14 :CIA-RDP85T00875R001900030164 4
 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030164-4
fly 'rr
25 October 1974
USSR: Trade in Oil and Natural Gas, 1973-74
Trade in Oil
In 1973 the USSR exF=rted 2.4 million barrels per
day (bpd) of oil, equivalent to about one-fourth of total
Soviet crude oil production. Oil sales to the industrial-
ized West amounted to about 700,000 bpd in 1973 and provided
hard currency earnings of $1.25 billion.
Because of the sharp escalation in world oil prices
Soviet hard currency earnings from oil sales in 1974 could
reach $3 billion if oil exports to the West remain at 1973
levels. Fragmentary data on Soviet oil exports to the West
in the first half of 1974, however, indicate that deliveries
may not rea^h the vclumes attained last year. First-half
deliveries to major buyers of Soviet oil -- France, Italy,
Japan -- were at only half'the annual rate reached in
1973 as a result of conservation programs in the importing
countries. On the other hand, preliminary reports indicate
that the USSR is supplying more oil to Eastern Europe than
originally planned, probably because of Eastern Europe's
inability to pay high Arab prices.
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The average price of Soviet oil delivered to industri-
alized Western countries in 1973 was about $4.60 per barrel,
compared with $2.50 per
crude oil is being sold
price to Eastern Europe
raised toward the world
Trade in Natural Gas
barrel in 1972.. In 1974, Soviet
at $10-$12 per barrel. The Soviet
almost certainly
level by 1976.
In 1973 the USSR was
cubic feet of natural gas.
a net importer of about 160 billion
But a new gas pipeline was
completed to West Germany in late 1973 and to Italy in
early 1974, so exports of gas to Western Europe should
increase sharply in 1975-80. Imports of gas from Afghanistan
and Iran are likely to level off in the late 1970s. Thus
the USSR will become a sizable net gas exporter.
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USSR: Oil Trade, 1973
(Thousand barrels day)
1973 a/
Exports
Crude oil
1,710
Petroleum products
670
Total
2,380
Imports
Crude oil
270
Petroleum products
30
Total
300
Net exports
2,080
Exports of crude oil and petroleum products b/
To Eastern Europe:
1,110
Bulgaria
190
Czechoslovakia
290
East Germany
260
Hungary
120
Poland
250
Romania
0
To Other Communist Countries:
250
Cuba
Yugoslavia
Mongolia
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USSR: Oil Trade, 1973
't'housand barrels/day)
(continued)
1973 a/
North Korea
North Vietnam
To Western Europe:
Austria
Belgium
Denmark
Finland
France
Iceland
Ireland
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
West Berlin
West Germany
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USSR: Oil Tradc, 1973
T ousand barrels day)
(continued)
To Middle and Near East:
Cyprus
Egypt
1973 a/
Greece
Syria
Turkey
To Africa:
Ghana
Guinez.
Ivory Coast
Morocco
Nigeria
Senegal
Sierra Leone
Somalia
To Asia:
Afghanistan
Bangladash
India
Japan
1
Negl.
34
12
2
Ner; l .
19
Negi.
Negl.
Negl.
1
41 c/
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USSR: Oil Trade, 1973
T'1' Zousan els ayj
(continued)
,,o North America:
United States
Imports of crude oil
Iraq
Libya
Syria
Egypt
Imports of petroleum products
Romania
Poland
Cuba
West Germany
United Kingdom
United States
Netherlands
Yemen
Others (unaccounted for)
1973 a/
25 V
25 d/
?70
2
Negl.
Neg1.
Negl.
Negl.
Negl.
a. Data obtained from Vneshanaya tor_Qovlya SSSR za 1973 gody
(USSR Foreign Trade, 1973) , Moscow.
b. Sum of exports to individual countries is 10,000 b/d less
than estimated total.
c. Does not include 20,000 barrels per day obtained from
Abu Dhabi on Soviet account.
d. Not included in Soviet statistics.
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USSR: Trade in Natural Gas,
X973 and First :alt: o: 1974
Million CUID1C Z002 ay)
First Half
3.973
1974
Exports
660
1 , 1 4 0
Imports
1,100
1,180
Net Imports
40
t
660
1,140
s
Expor
Austria
155
160
Finland
0
50
Italy
0
80
West Germany
40
240
Czechoslovakia
230
250
East Germany
70
190
Poland
165
170
ts
I
1,100
1,180
m or
Afghanistan
270
270
Iran
830
910
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Distribution: (S-6561)
Orig. & 1 - Addressee
(25 Oct 74)
STAT
Approved For Release 2005/12/14: CIA-RDP85T00875R001900030164-4