Foreing Reserves of OPEC Countries
as of December 31, 1975
(millions of dollars)
Algeria
$ 1,353
Ecuador
286
Gabon
146
Indonesia
586
Iran
8,697
Iraq
2,727
Kuwait
14,000 these are estimetes as reported in New York times of May 30, 1976
Libya
2,195
Nigeria
5,795
Qatar
2,000
saudi Arabia
23,319
United Arab Emirates
2,000 These are estimates as reportes in Financial Times of March 29, 1976
Venezuela
8,861
Total
$71,965
Source : International Financial Statistics.
Foreign Assets of OPEC Countries
December 31, 1972 Figures are not available for the U.A.E.
(millions of dollars)
Algeria
$ 493
Ecuador
143
Gabon
23
Indonesia
574
Iran
960
Iraq
780
Kuwait
2,781
Libya
2,925
Nigeria
376
Qatar
190
Saudi Arabia
2,500
Venezuela
1,732
Total
$13,478
Source : International Financial Statistics.
Assets Non-Arab OPEC Members
as of December 31, 1975
(millions of dollars)
Ecuador
$ 286
Gabon
146
Indonesia
586
Iran
8,697
Nigeria
5,795
Venezuela
8,861
Total
$24,371
Assets of Arab OPEC Members
as of December 31, 1975
(millions of dollars>
Algeria
$ 1,353
Iraq
2,727
Kuwair
14,000
Libya
2,195
Qatar
2,000
Saudi Arabia
23,319
U.A.E.
2,000
___________
Total
$47,594
Oil-Exporting Countries : Estimated deployment of Investible Surpluses
(millions of dollars.)
In the U.S.
1974
1975
Government and Agency Securities
6
3.4
Bank Deposits
4
0.5
Other Includes holdings of equities and property, etc.
1
___________
2.6
___________
Sub Total
11
6.5
In the U.K.
British Government Stocks
.9
.4
Treasury Bills
2.7
.9
Sterling Deposits
1.7
.2
Other Sterling Investments Includes holdings of equities and property, etc.
.7
.3
Other Foreign Currency Borowing
1.2
.2
Sub Total
7.2
2.0
In Eurocurrency Markets
In Unitd Kingdom (London)
13.8
4.1
In Other Countries
9
5
Internationnal Organizations
3.5
4
Special Bilateral Facilities
and Other Investments Includes loans to developing countries
11.9
__________
12.4
__________
Total
56.4
32.2
Source : Bank of England Quarterly Bulletin 16, N°. 2, June, 1976.
Oil-Exporting Countries Deposits in U.S. Banks
as of December 31, 1975
(million dollars).
Short-Term Deposits
Midle East Oil Exporting Countries Comprises Bahrain, Iran, Iraq, Qatar, Saudi Arabia and Unated Arab Emirates.
$ 6,440
African Oil exporting Countries Comprises Algeria, Gabon, Libya, and Nigeria.
2,238
Indonesia
369
venezuela
3,290
Ecuador
157 As of April, 1975.
$12,494
Long-Term Deposits
Middle East Oil Exportiong Countries Comprises Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
913
________
Total
$13,407
=========
Source : federal Reserve Bulletin , June, 1976
Claims on OPEC Countries by Banks in the U.S.
and their Offices Abroad
as of December 31, 1975
(millions of dollars>
Middle East Oil Producers
$2,348
Afican Oil producers
768
Indonesia
1,563
Venezuela
2,3339
$7,018
Source : The Department of the Treasury, Outlook for International Lending by U.S. Banks, 1976, August 3, 1976, Table 2.
External Claims in Domestic and Foreign Currency of Banks in Western
Countries, Japan and the Foreign Branches of U.S. Banks in the
Carribean Area and Far East on OPEC The countries included are : Belgium-Lux, France, Germany, Italy, The Netherlands, Sweden, Switzerland, United Kingdom, Canada, Japan and United States.
as of December 31, 1975
(millions of dollars)
Algeria
$ 1,383
Ecuador
262
Gabon
144
Indonesia
2,478
Nigeria
270
venezuela
2,964
Oil Exporting Countries
a - Low Absorbers
Kuwait, Qatar, Saudi Arabia and the U.A.E
$ 1,163
Oil Exporting Countries
b - High Absorbers
Bahrain, Iran, Iraq, Libya and Oman
$ 3,176
Total
$11,840
=========
Source : Bank for International Settlements.
U.S. Direct Investment Position in OPEC
as ef December "&, 1974
(millions of dollars).
Middle East
$2,129
Oil Investment
1,618
Non-oil Investment
511
Indonesia
$ 705
Oil Investment
408
Non-oil Investment
297
Libya
$ 542
Oil Investment
534
Non-oil Investment
8
Nigeria
$ 238
Oil Ivestment
209
Non-oil Investment
29
Venezuela
$1,772
Oil Investment
659
Non-oil Investment
1,113
Total
$5,386
Total Oil
$3,428
Total Non-oil
$1,958
Source : Survey of current Business, October 1975
