Oil and Gas Exports a Major Part of Soviet Trade Balance
L. D. Barney, THE JOURNAL RECORD
The Soviet Union ordinarily doesn't pop into mind as a major oil and gas power, but it is the world's largest oil producer a nd has more crude oil reserves than any nation except Saudi Arabia and more natural gas reserves than any nation.
In addition to being self-sufficient in energy, the Soviet Union is a major exporter and there is speculation it has been trying to prop up prices of the Organization of Petroleum Exporting Countries by raising the price of its own crude.
In the past month the Soviet Union has raised the price of Urals crude three times, totaling more than $1.50 a barrel.
Oil and gas exports are a major portion of the Soviet Union's foreign …
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Publication information: Article title: Oil and Gas Exports a Major Part of Soviet Trade Balance. Contributors: L. D. Barney - Author. Newspaper title: THE JOURNAL RECORD. Publication date: September 27, 1985. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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