Government revenues per barrel in the OPEC-countries 1957-1973

Abstract

This paper covers the evolution of government-revenues per barrel of exported crude oil in the OPEC-countries from 1957, when the major oil-companies lowered their posted prices and thus the government revenues, through September 1973, when the ¡elation between the oil-companies and the governments had so drastically changed that the recent enormous posted-price-increases could virtually be decreed by the OPEC-governments without any recognizable influence from the company-side. Also an indication will be given of the evolution of the realized prices of crude oil over that period. In appendices, tables and figures government revenues per barrel of exported crude, volumes of exported crude and total government revenues will be given for three representative OPEC-countries (Saudi Arabia, Libya and Venezuela) and for the total Middle-East, both in current dollars and in constant dollars (1957 $).