Which Oil Producers Are Making Money?

Photo: AP Following OPEC's emergency production meeting that took place on the morning of October 24, CNBC reveals various oil producing countries' break-even oil prices. The following is a list of oil prices needed for the nations to avoid having a budget deficit in 2008 and 2009 (as compiled by the IMF).

Photo: AP Bahrain has proven oil reserves of 125 million barrels, all in one field, Awali

Oil was struck in Kuwait in June 1932

Oman's oil fields are generally smaller, more widely scattered, less productive, and pose higher production costs than in other Persian Gulf countries

Photo: AP Qatar is ranked third in terms of world natural gas reserves.

Photo: AP Saudi Arabia is the world's largest exporter of oil and has the largest economy in the Middle East.

Photo: AP The UAE's fiscal balance of oil is low because certain Gulf states have smaller populations and lower government spending.

Algeria's oil minister, Chakib Khelil is the president of the Organization of Petroleum Exporting Countries (OPEC).

Photo: AP Azerbaijan is the oldest known oil producing region in the world.

Iranian Oil Minister Gholamhossein Nozari is calling for OPEC to cut output by 2 million barrels per day.

Iraq's oil type is classified as Basra Light.

Photo: AP There are more than 200 oil and gas fields in the Republic of Kazakhstan.

Photo: AP On October 9 2008, Libyan oil firm Tamoil halted oil shipments to Switzerland.>> Replay Slideshow