Figures with the continuing decline in oil prices, how much of the oil reserves of the countries foreign exchange?
Figures with the continuing decline in oil prices, how much of the oil reserves of the countries foreign exchange?
02-11-2014 07:50 AM
Continued erosion of oil prices, which began four months ago, came down as the price of Brent crude up to $ 84.60 a barrel.
And dependent members of the Organization of Petroleum Exporting Countries Countries, OPEC, is highly dependent on the price of crude in maintaining balance their budgets, although they retain large reserves of foreign exchange and gold to guard against the effects of such price fluctuations.
Varies the amount of vulnerability to oil prices greatly among the members of OPEC, Qatar is needed to reach the oil price of $ 58 a barrel just to balance its budget, compared to $ 136 in Iran.
Also vary precautions varies widely, Saudi Arabia has reserves of foreign exchange and gold valued at 730.5 billion dollars, while Venezuela has reserves worth $ 21.2 billion only.
This statement reserves of each member state in the ‘OPEC’ of gold and foreign exchange at the end of 2013, published by the agency ‘Reuters’, along with its oil production during the same year, and net revenue, crude price needed to balance the 2013 budget.
Saudi Arabia
Foreign exchange and gold reserves: 739.5 billion dollars.
Net oil revenues: $ 274 billion.
Oil production: 9.65 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 92.
Country
Foreign exchange and gold reserves: 40.1 billion dollars.
Net oil revenues: $ 42 billion.
Oil production: 0.73 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 58.
United Arab Emirates
Foreign exchange and gold reserves: 58.1 billion dollars.
Net oil revenues: $ 53 billion.
Oil production: 2.7 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 90.
Kuwait
Foreign exchange and gold reserves: 34.4 billion dollars.
Net oil revenues: $ 92 billion.
Oil production: 2.6 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 59.
Iraq
Foreign exchange and gold reserves: 71.2 billion dollars.
Net oil revenues: $ 86 billion.
Oil production: 3.03 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 116.
Libya
Foreign exchange and gold reserves: $ 120.9 billion.
Net oil revenues: $ 34 billion.
Oil production: 0.92 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 111.
Algeria
Foreign exchange and gold reserves: 192.5 billion dollars.
Net oil revenues: $ 60 billion.
Oil production: 1.19 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 119.
Iran
Foreign exchange and gold reserves: 68.1 billion dollars.
Net oil revenues: $ 61.9 billion.
Oil production: 2.68 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 136.
Nigeria
Foreign exchange and gold reserves: 47.7 billion dollars.
Net oil revenues: $ 84 billion.
Oil production: 1.95 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 124.
Angola
Foreign exchange and gold reserves: 37.9 billion dollars.
Net oil revenues: $ 27 billion.
Oil production: 1.74 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 94.
Ecuador
Reserves of foreign exchange and gold: $ 2.63 billion (undated).
Net oil revenues: $ 11 billion.
Oil production: 0.53 million barrels per day.
Crude price necessary to balance the budget in 2013: US $ 122.
Venezuela
Foreign exchange and gold reserves: 21.2 billion dollars.
Net oil revenues: $ 62 billion.
Oil production: 2.7 million barrels per day.
Crude price necessary to balance the budget in 2013: $ 117.
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