FACTBOX: The oil price needs of OPEC members

(Reuters) - The oil price slide from a record of $147.27 in July to less than $80 last week has very different implications for different members of the Organization of the Petroleum Exporting Countries.

Saudi Arabia and other Gulf producers can balance their external accounts with relatively low oil prices and can also draw on funds accrued during the price boom, while Venezuela needs a much higher figure to balance its books.

The following are estimates from Washington-based consultancy PFC and Germany's Deutsche Bank of how much various OPEC countries and non-OPEC Russia need on average.

PFC

2000 2007 2008 2009

Venzuela 34 91 94 97

Nigeria 32 63 68 71

Iran 18 49 55 58

Saudi Arabia 23 49 55 62

Kuwait 11 45 45 48

UAE 5 34 42 51

Algeria 22 26 31 35

Qatar 18 11 4 -8

Deutsche Bank

Oil price figure to balance budgets

Iran/Venezuela 95

Saudi Arabia 55

Russia 70