The proven oil reserves in Venezuela are claimed to be the largest in the world, according to an announcement in early 2011 by President Hugo Chavez and the Venezuelan government. The reported proven reserves reach 297 billion barrels (4.72×1010 m3), surpassing that of the previous long-term world leader, Saudi Arabia.[1] OPEC said that Saudi Arabia's reserves stood at 265 billion barrels (4.21×1010 m3) in 2009.[2]
Venezuela's development of its oil reserves has been affected by political unrest in recent years. In late 2002 nearly half of the workers at the state oil company PDVSA went on strike, after which the company fired 18,000 of them. The crude oil that Venezuela has is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries. Venezuela continues to be one of the largest suppliers of oil to the United States, sending about 1.4 million barrels per day (220×103 m3/d) to the U.S. Venezuela is also a major oil refiner and the owner of the Citgo gasoline chain.[3]
In October 2007, the Venezuelan government said its proven oil reserves had risen to 100 billion barrels (16×109 m3). The energy and oil ministry said it had certified an additional 12.4 billion barrels (2.0×109 m3) of proven reserves in the country's Faja del Orinoco region.[4] In February 2008, Venezuelan proven oil reserves were 172 billion barrels (27×109 m3).[5]
By 2009, Venezuela reported 211.17 billion barrels (3.3573×1010 m3) of conventional oil reserves, the largest of any country in South America.[6] In 2008, it had net oil exports of 1.189 Mbbl/d (189,000 m3/d) to the United States.[7] As a result of the lack of transparency in the country's accounting, Venezuela's true level of oil production is difficult to determine, but OPEC analysts estimate that it produced around 2.47 Mbbl/d (393,000 m3/d) of oil in 2009. This would give it 234 years of remaining production at current rates.
3. C o n t e n t s
Foreword
Tables
5
Page
Section 1: Summary
Table 1.1 OPEC crude oil production allocations
1.2 OPEC Members’ facts and figures
7
8
11
Section 2: Macro-economics
Table 2.1 OPEC Members’ mid-year population
2.2 OPEC Members’ GDP at current market prices
2.3 OPEC Members’ values of exports
2.4 OPEC Members’ values of petroleum exports
2.5 OPEC Members’ values of imports
2.6 Estimated current account balances in OPEC Members
2.7 Annual average exchange rates for OPEC Members
13
14
15
16
17
18
19
20
Section 3: Oil and gas data
Table 3.1 World proven crude oil reserves by country
3.2 World proven natural gas reserves by country
3.3 Active rigs in OPEC Members and in world
3.4 Wells completed in OPEC Members
3.5 Producing wells in OPEC Members
3.6 Daily and cumulative crude oil production in OPEC Members
3.7 World crude oil production by country
3.8 Natural gas production in OPEC Members
3.9 World marketed production of natural gas by country
3.10 Refinery capacity in OPEC Members by type and location
3.11 World refinery capacity by country
3.12 Charge refinery capacity in OPEC Members
3.13 Output of petroleum products by type in OPEC Members
3.14 World output of petroleum products by country
3.15 Oil demand by main petroleum products in OPEC Members
3.16 World oil demand by country
3.17 OPEC Members’ crude oil exports by destination
3.18 World crude oil exports by country
3.19 OPEC Members’ petroleum products exports by destination
3.20 World exports of petroleum products by country
3.21 World exports of crude oil and petroleum products by country
3.22 World natural gas exports by country
3.23 World imports of crude oil by country
3.24 World imports of petroleum products by country
3.25 World imports of natural gas by country
21
22
23
25
26
27
28
30
31
33
36
38
39
40
42
44
46
47
49
53
54
55
56
57
59
60
Section 4: Transportation
Table 4.1 Tanker fleet development in OPEC Members
4.2 World tanker fleet by age
4.3 World liquid gas carrier fleet by size and type
4.4 Liquid gas carrier fleet in OPEC Members
4.5 World combined carrier fleet by size
4.6 Average spot freight rates for all routes
4.7 Freight costs in the spot market
4.8 Spot tanker freight rates for all sizes
4.9 Crude oil pipelines in OPEC Members
4.10 Gas pipelines in OPEC Members
4.11 Petroleum product pipelines in OPEC Members
63
64
64
66
66
67
68
69
70
71
75
78
1
4. C o n t e n t s
Section 5: Prices
5.1 OPEC Reference Basket and corresponding spot components prices
5.2 Selected spot crude oil prices
5.3 OPEC Reference Basket in nominal and real terms
5.4 Spot prices of petroleum products in major markets
5.5 Retail prices of petroleum products in OPEC Members (national currency/b)
5.6 Retail prices of petroleum products in OPEC Members ($/b)
5.7 Composite barrel and its components in major consuming countries
81
82
83
87
88
89
90
91
Section 6: Major oil companies
6.1 Principal operations of the major oil companies
6.2 Revenues, operating costs, deductions, taxation and net income of the major oil companies
6.3 Costs, deductions, taxation and net income as percentage of revenues of the major oil companies
6.4 Capital and exploratory expenditure of the major oil companies
93
94
95
96
97
G ra p h s
Section 2: Macro-economics
Graph 2.1: OPEC Members’ mid-year population
Graph 2.2: Population as a share of total OPEC
Graph 2.3: OPEC Members’ GDP at current market prices
Graph 2.4: GDP at current market prices as a share of total OPEC
Graph 2.5: OPEC Members’ values of exports
Graph 2.6: Values of exports as a share of total OPEC
Graph 2.7: OPEC Members’ values of petroleum exports
Graph 2.8: Values of petroleum exports as a share of total OPEC
Graph 2.9: OPEC Members’ values of imports
Graph 2.10: Values of imports as a share of total OPEC
Graph 2.11: Estimated current account balances in total OPEC
Graph 2.12: Estimated current account balances in OPEC Members
14
14
15
15
16
16
17
17
18
18
19
19
Section 3: Oil and gas data
Graph 3.1: World proven crude oil reserves
Graph 3.2: World proven natural gas reserves
Graph 3.3: OPEC Members’ proven crude oil reserves
Graph 3.4: OPEC Members’ proven natural gas reserves
Graph 3.5: World crude oil production
Graph 3.6: World marketed production of natural gas
Graph 3.7: OPEC Members’ crude oil production
Graph 3.8: OPEC Members’ marketed production of natural gas
Graph 3.9: World refinery capacity
Graph 3.10: World output of petroleum products
Graph 3.11: OPEC output of petroleum products
Graph 3.12: OPEC Members’ crude oil exports by destination
Graph 3.13: World crude oil exports by destination
Graph 3.14: World oil demand by country
Graph 3.15: World crude oil exports
Graph 3.16: OPEC Members’ oil demand
Graph 3.17: OPEC Members’ crude oil exports
Graph 3.18: OPEC Members’ petroleum products by destination
Graph 3.19: Percentage share of OPEC crude oil exports
Graph 3.20: OPEC oil export revenues vs total exports
Graph 3.21: OPEC Members’ exports of crude and petroleum products
Graph 3.22: OPEC Members’ exports of petroleum products
24
24
24
24
35
35
35
35
43
43
43
48
50
51
51
51
51
52
58
58
58
58
2
5. C o n t e n t s
Section 4: Transportation
Graph 4.1: World tanker fleet by age and categories
Graph 4.2: World tanker fleet by age and categories
Graph 4.3: Spot freight rates for AFRA sizes
Graph 4.4: Spot freight rates costs for major routes
Graph 4.5: Spot tanker freight rates
Graph 4.6: Spot tanker freight costs
65
65
68
69
70
70
Section 5: Prices
Graph 5.1: OPEC Reference Basket
Graph 5.2: Differentials of selected spot crude oil prices to OPEC Reference Basket
Graph 5.3: Differentials of selected spot crude oil prices to OPEC Reference Basket
Graph 5.4: Differentials of selected spot crude oil prices to OPEC Reference Basket
Graph 5.5: Differentials of selected spot crude oil prices to OPEC Reference Basket
Graph 5.6: OPEC Reference Basket in nominal and real terms: base 1973=100
Graph 5.7: Spot petroleum product prices — US Gulf
Graph 5.8: Spot petroleum product prices — Singapore
Graph 5.9: Spot petroleum product prices — Rotterdam
Graph 5.10: Composite barrel and its components
Graph 5.11: Composite barrel and its components
82
83
84
85
86
87
88
88
88
92
92
Section 6: Major oil companies
Graph 6.1: Major oil companies’ revenues
Graph 6.2: Major oil companies’ net income
Graph 6.3: Major oil companies’ crude oil and NGL reserves
Graph 6.4: Major oil companies’ crude oil and NGL production
98
98
98
98
General notes
Definitions
Country groupings
Economic organizations
Abbreviations
Oil companies
Sources
Conversion factors
Map
Major OPEC flows of crude and refined oil
99
100
101
102
102
102
103
104
inside back cover
3
6.
7. F o r e w o r d
HE Abdalla Salem El-Badri, OPEC Secretary General
This is the 48th edition of the Annual Statistical Bulletin (ASB), one of OPEC’s principal publications and an
increasingly important source of data for the oil industry.
The aim of the ASB is to make available reliable and timely historical data on the global oil and gas industry. Since
the first edition was published in 1965, the ASB has become a useful and frequently cited reference tool for those
working in the energy industry.
OPEC’s 12 Member Countries — namely Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya,
Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela — are the central focus of the ASB. However, as
in previous editions, the ASB also provides information and statistical data about non-OPEC oil producing countries,
bringing together data on exports, imports, pipelines and shipping, as well as the petroleum industry in general.
For the past five decades, in addition to its primary work to ensure stability in the world’s oil markets, OPEC has
made many efforts to gather data about different aspects of the oil industry. It has collected statistical information
about exploration and production, as well as transportation and refining, and has made this available to other
energy stakeholders. The publication of the ASB every year illustrates the Organization’s ongoing commitment to
transparency and data-sharing as key elements of oil market stability.
In addition to the print edition, which includes a CD-ROM version inside the front cover, the 2013 ASB is available in
two other formats: an electronic PDF file and an interactive electronic version (both available on the OPEC Website).
The OPEC Secretariat works very closely with our Member Countries. It is this close collaboration that has made the
publication of this year’s ASB possible. I would, therefore, like to extend my appreciation to the many people in
our Member Countries and at the Secretariat for their valuable input and for once again, through this publication,
ensuring the fulfillment of the Organization’s commitment to data transparency and market stability.
Abdalla Salem El-Badri
Secretary General
5
10. Table
1.1
S
a
u
m
m
r
y
OPEC crude oil production allocations (1,000 b/d)
Algeria
Ecuador
IR Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
OPEC
OPEC excl Iraq
Algeria
Ecuador
IR Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
OPEC
Apr 82–
Mar 83
1/
650
200
1,200
1,200
800
750
1,300
300
7,150
1,000
1,500
16,050
Apr 83–
Oct 84
2/
725
200
2,400
1,200
1,050
1,100
1,300
300
5,000
1,100
1,675
16,050
Nov 84–
Aug 86
3/
663
183
2,300
1,200
900
990
1,300
280
4,353
950
1,555
14,674
Sep 86–
Oct 86
4/
663
183
2,300
1,200
900
990
1,300
280
4,353
950
1,555
14,674
Jan 90–
Jul 90
13/
827
273
3,140
3,140
1,500
1,233
1,611
371
5,380
1,095
1,945
20,515
Aug 90
14/
827
273
3,140
3,140
1,500
1,233
1,611
371
5,380
1,500
1,945
20,920
Apr 91–
Sep 91
15/
827
273
3,217
–
–
1,425
1,840
399
8,034
2,320
2,235
20,570#
Dec 86
6/
669
221
2,317
–
999
999
1,304
300
4,353
950
1,574
13,608
Oct 89–
Dec 89
12/
771
254
2,926
2,926
1,149
1,149
1,501
346
5,014
1,094
1,812
18,942
Nov 86
5/
669
221
2,317
–
921
999
1,304
300
4,353
950
1,574
Feb 92–
Sep 92
17/
760
273
3,184
505
812
1,395
1,751
377
7,887
2,244
2,147
21,335
Jul 87–
Dec 87
8/
667
221
2,369
1,540
996
996
1,301
299
4,343
948
1,571
15,251
13,686
Oct 91–
Jan 92
16/
na
na
na
na
na
na
na
na
na
na
na
23,650*
Jan 87–
Jun 87
7/
635
210
2,255
1,466
948
948
1,238
285
4,133
902
1,495
14,515
Jan 88–
Dec 88
9/
667
221
2,369
–
996
996
1,301
299
4,343
948
1,571
Jan 89–
Jun 89
10/
695
230
2,640
2,640
1,037
1,037
1,355
312
4,524
988
1,636
17,094
Jul 89–
Sep 89
11/
733
242
2,783
2,783
1,093
1,093
1,428
329
4,769
1,041
1,724
18,018
Oct 93–
Jun 96
21/
750
–
3,600
400
2,000
1,390
1,865
378
8,000
2,161
2,359
22,903
Jul 96–
Dec 97
22/
750
–
3,600
1,200
2,000
1,390
1,865
378
8,000
2,161
2,359
23,703
13,711
Oct 92–
Dec 92
18/
na
na
na
na
na
na
na
na
na
na
na
24,200*
Jan 93–
Feb 93
19/
764
–
3,490
500
1,500
1,409
1,857
380
8,395
2,260
2,360
22,915
Mar 93–
Sep 93
20/
732
–
3,340
400
1,600
1,350
1,780
364
8,000
2,161
2,257
21,984
Notes: Totals may not add up due to independent rounding. Angola joined OPEC in January 2007; Ecuador suspended its membership from December 1992 to October
2007.
– No production level allocated.
* Includes Indonesia and Gabon.
na No distribution made.
** Includes Indonesia.
# OPEC excluding Kuwait and Iraq.
## OPEC excluding IR Iran and Iraq.
Agreed at the:
1/ 63rd (Extraordinary) Meeting of the OPEC Conference, March 19–20, 1982.
2/ 67th (Extraordinary) Meeting of the OPEC Conference, March 14, 1983. No production level allocated to Saudi Arabia which acted as the swing producer. Venezuela:
1.7m b/d including condensates. Nigeria: At the 70th Meeting of the OPEC Conference, July 10–11, 1984, a temporary production rise to 1.4m b/d and 1.45m b/d in
August 1984 and September 1984, respectively, was decided.
3/ 71st (Extraordinary) Meeting of the OPEC Conference, October 29–31, 1984. Retained at the 75th (Extraordinary) Meeting of the OPEC Conference, October 4, 1985.
4/ 78th Meeting of the OPEC Conference, June 25–30, 1986, and July 28–August 5, 1986, with the exception of Iraq.
5/ 79th (Extraordinary) Meeting of the OPEC Conference, October 6–22, 1986, with the exception of Iraq.
6/ 79th (Extraordinary) Meeting of the OPEC Conference, October 6–22, 1986, with the exception of Iraq.
7/ 80th Meeting of the OPEC Conference, December 11–20, 1986.
8/ 81st Meeting of the OPEC Conference, June 25–27, 1987.
9/ 82nd Meeting of the OPEC Conference, December 9–14, 1987, with the exception of Iraq. Extended at the 83rd Meeting of the OPEC Conference, June 11–14, 1988,
with the exception of Iraq.
10/ 84th Meeting of the OPEC Conference, November 21–28, 1988.
11/ 85th Meeting of the OPEC Conference, June 5–7, 1989.
12/ 3rd Meeting of the Eight‑Minister Monitoring Committee, September 23–27, 1989.
13/ 86th Meeting of the OPEC Conference, November 25–28, 1989.
14/ 87th Meeting of the OPEC Conference, July 26–27, 1990. September 2000–March 2001: Oil Ministers’ informal consultations and 1st Ministerial Monitoring
Committee, August 26–29, 1990 (interim course of action: OPEC shall consequently increase production in accordance with need). Retained August 1990 agreement
at the 88th Meeting of the OPEC Conference, December 12–13, 1990.
15/ 3rd Meeting of the Ministerial Monitoring Committee, March 11–12, 1991. Reservations were made by Algeria and IR Iran as to the total OPEC production level.
Reiterated without reservations at the 89th Meeting of the OPEC Conference, June 4, 1991.
16/ 4th Meeting of the Ministerial Monitoring Committee, September 24–25, 1991. Retained at the 90th Meeting of the Conference, November 26–27, 1991.
17/ 6th Meeting of the Ministerial Monitoring Committee, February 12–15, 1992. Reservations were made by IR Iran as to the total OPEC production level and by Saudi
Arabia as to their allocated production level. Rollover (inclusive of reservations) at the 91st Meeting of the OPEC Conference, May 21–22, 1992. The Conference also
decided to allow any additional production from Kuwait.
18/ 9th Meeting of the Ministerial Monitoring Committee, September 16–17, 1992. Reaffirmed to allow for any additional production from Kuwait.
19/ 92nd Meeting of the OPEC Conference, November 25–27, 1992, with full support of Member Countries, except Iraq and the allowance of additional volumes to Kuwait
as they become available during the 1Q93.
20/ 10th Meeting of the Ministerial Monitoring Committee, February 13–16, 1993 with full support of Member Countries, except Iraq. Rollover of this agreement at the
93rd Meeting of the OPEC Conference, June 8–10, 1993, with full support of Member Countries, except Iraq and Kuwait.
8
11. Table
1.1
S
a
u
m
m
r
y
OPEC crude oil production allocations (1,000 b/d)
Algeria
IR Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
OPEC
OPEC excl Iraq
Target
Algeria
IR Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
OPEC excl Iraq
Jan 98–
Mar 98
23/
909
3,942
1,314
2,190
1,522
2,042
414
8,761
2,366
2,583
26,044
Jul 98–
Mar 99
25/
788
3,318
–
1,980
1,323
2,033
640
8,023
2,157
2,845
Apr 99–
Mar 00
26/
731
3,359
–
1,836
1,227
1,885
593
7,438
2,000
2,720
1,175
24,432
Sep 01–
Dec 01
33/
741
3,406
–
1,861
1,242
1,911
601
7,541
2,025
2,670
21,998
Apr 98–
Jun 98
24/
50
140
–
125
80
125
30
300
125
200
23,107
21,789
Jan 03
35/
735
3,377
–
1,845
1,232
1,894
596
7,476
2,007
2,647
21,809
Feb 03–
May 03
36/
782
3,597
–
1,966
1,312
2,018
635
7,963
2,138
2,819
23,230
Jan 02–
Dec 02
34/
693
3,186
–
1,741
1,162
1,787
562
7,053
1,894
2,497
20,575
Apr 00–
Jun 00
27/
788
–
–
1,980
1,323
2,033
640
8,023
2,157
2,845
19,789##
Jun 03–
Oct 03
37/
811
3,729
–
2,038
1,360
2,092
658
8,256
2,217
2,923
24,083
Jul 00– Oct 1, 00– Oct 31, 00
Sep 00 Oct 30, 00
–Jan 01
28/
29/
30/
811
837
853
3,727
3,844
3,917
–
–
–
2,037
2,101
2,141
1,361
1,404
1,431
2,091
2,157
2,198
658
679
692
8,253
8,512
8,674
2,219
2,289
2,333
2,926
3,019
3,077
24,083
24,841
25,315
Nov 03–
Mar 04
38/
782
3,597
–
1,966
1,312
2,018
635
7,963
2,138
2,819
23,230
Apr 04–
Jun 04
39/
750
3,450
–
1,886
1,258
1,936
609
7,638
2,051
2,704
22,282
Jul 04
40/
814
3,744
–
2,046
1,365
2,101
661
8,288
2,225
2,934
24,178
Feb 01–
Mar 01
31/
805
3,698
–
2,021
1,350
2,075
653
8,189
2,201
2,902
Apr 01–
Aug 01
32/
773
3,552
–
1,941
1,296
1,993
627
7,865
2,113
2,786
23,894
22,946
Aug 04– Nov 1, 04–
Oct 04 Mar 16, 05
41/
42/
830
862
3,817
3,964
–
–
2,087
2,167
1,392
1,446
2,142
2,224
674
700
8,450
8,775
2,269
2,356
2,992
3,107
24,653
25,601
21/ 94th (Extraordinary) Meeting of the OPEC Conference, September 25–29, 1993, with full support of Member Countries, except Iraq. Maintained at the 12th Meeting of
the Ministerial Monitoring Committee, March 25–26, 1994, with full support of Member Countries, except Iraq. Maintained at the 97th, 98th and 99th Meeting of the
OPEC Conference, November 21–22, 1994, June 19–20, 1995, and November 21–22, 1995, respectively.
22/ 100th Meeting of the OPEC Conference, June 5–7, 1996. The remaining volume of 1.2m b/d is to be supplied by Iraq. Rollover of the agreement at the 101st and the
102nd Meeting of the OPEC Conference, November 27–28, 1996, and June 25–26, 1997, respectively.
23/ 103rd Meeting of the OPEC Conference, November 26–December 1, 1997. The remaining volume of 1,314,080 b/d is to be supplied by Iraq.
24/ 104th Meeting (Extraordinary) of the OPEC Conference, March 30, 1998. Data reflect temporary production cuts from OPEC excluding Iraq production in February
1998 as reported by selected secondary sources. Iraq is not called upon to participate in this agreement.
25/ 105th Meeting of the OPEC Conference, June 24, 1998. Iraq is not called upon to participate in this agreement.
26/ 107th Meeting of the OPEC Conference, March 23, 1999. Reaffirmed strong commitment to the agreement at the 108th Meeting of the OPEC Conference, September
22, 1999. Iraq is not called upon to participate in this agreement.
27/ 109th Meeting of the OPEC Conference, March 27–29, 2000. Agreement of OPEC Member Countries excluding IR Iran and Iraq.
28/ 110th (Extraordinary) Meeting of the OPEC Conference, June 21, 2000. Iraq is not called upon to participate in this agreement.
29/ 111th Meeting of the OPEC Conference, September 10–11, 2000. Iraq is not called upon to participate in this agreement.
30/ 111th Meeting of the OPEC Conference, September 10–11, 2000; including additional 500,000 b/d (price band mechanism) as announced by the OPEC President on
October 30, 2000, and effective from October 31, 2000. Iraq is not called upon to participate in this agreement.
31/ 113th (Extraordinary) Meeting of the OPEC Conference, January 17, 2001. Iraq is not called upon to participate in this agreement.
32/ 114th Meeting of the OPEC Conference, March 16–17, 2001. Retained at the 115th (Extraordinary) and 116th (Extraordinary) Meeting of the OPEC Conference, June 5
and July 3, 2001, respectively. Iraq is not called upon to participate in this agreement.
33/ OPEC Conference, July 25, 2001. Retained at the 117th Meeting of the OPEC Conference, September 26–27, 2001. Iraq is not called upon to participate in this
agreement.
34/ Announced during the 118th (Extraordinary) Meeting of the OPEC Conference, November 14, 2001, and confirmed its implementation during the Consultative Meeting
of the OPEC Conference in Cairo, December 28, 2001. Retained at the 119th (Extraordinary), 120th (Extraordinary) and 121st Meeting of the OPEC Conference, March
15, June 26 and September 19, 2002, respectively. Iraq is not called upon to participate in this agreement.
35/ 122th (Extraordinary) Meeting of the OPEC Conference, December 12, 2002. Iraq is not called upon to participate in this agreement.
36/ 123rd (Extraordinary) Meeting of the OPEC Conference, January 12, 2003. Retained at the 124th Meeting of the OPEC Conference, March 11, 2003. Iraq is not called
upon to participate in this agreement.
37/ Consultative Meeting of the OPEC Conference, April 24, 2003. Retained at the 125th (Extraordinary) and 126th (Extraordinary) Meeting of the OPEC Conference, June
11 and July 31, 2003, respectively. Iraq is not called upon to participate in this agreement.
38/ 127th Meeting of the OPEC Conference, September 24, 2003. Retained at the 128th (Extraordinary) and 129th (Extraordinary) Meeting of the OPEC Conference,
December 4, 2003, and February 10, 2004, respectively. Iraq is not called upon to participate in this agreement.
39/ 129th (Extraordinary) Meeting of the OPEC Conference, February 10, 2004. Reconfirmed at the 130th Meeting of the OPEC Conference, March 31, 2004. Iraq is not
called upon to participate in this agreement.
40/ 131st (Extraordinary) Meeting of the OPEC Conference, June 3, 2004. Iraq is not called upon to participate in this agreement.
41/ 131st (Extraordinary) Meeting of the OPEC Conference, June 3, 2004. Iraq is not called upon to participate in this agreement.
42/ 132nd Meeting of the OPEC Conference, September 15, 2004. Iraq is not called upon to participate in this agreement. During the 133rd (Extraordinary) Meeting of
the OPEC Conference, December 10, 2004, Member Countries agreed to collectively reduce the over‑production by 1m b/d from their current actual output, effective
January 1, 2005. Agreement of 132nd Meeting is retained at the 134th (Extraordinary) Meeting of the OPEC Conference, January 30, 2005.
9
12. Table
1.1
S
a
u
m
m
r
y
OPEC crude oil production allocations (1,000 b/d)
Mar 17, 05–
Jun 30, 05
Jul 05–
Oct 06
Nov 06–
Jan 07
Feb 07–
Oct 07
Nov 07–
Dec 07
Jan 08–
Sep 08
Oct 08
Nov 08–
Dec 08
Jan 09–
Dec 11
Jan 12–
43/
44/
45/
46/
47/
48/
49/
50/
51/
52/
Algeria
878
894
59
25
na
na
na
71
na
na
Angola
–
–
–
–
–
na
na
99
na
na
Ecuador
–
–
–
–
–
na
na
27
na
na
4,037
4,110
176
73
na
na
na
199
na
na
–
–
–
–
–
–
–
–
–
na
Kuwait
2,207
2,247
100
42
na
na
na
132
na
na
Libya
1,473
1,500
72
30
na
na
na
89
na
na
Nigeria
2,265
2,306
100
42
na
na
na
113
na
na
713
726
35
15
na
na
na
43
na
na
Saudi Arabia
8,937
9,099
380
158
na
na
na
466
na
na
United Arab Emirates
2,400
2,444
101
42
na
na
na
134
na
na
Venezuela
3,165
3,223
138
57
na
na
na
129
na
na
26,075
26,549
1,161
484
500**
26,300**
25,800**
IR Iran
Iraq
Qatar
OPEC excl Iraq
OPEC excl Angola, Ecuador and Iraq
Target OPEC excl Angola, Ecuador and Iraq
Target OPEC excl Iraq
Target OPEC
1,500
27,253**
29,673**
28,808
27,308
24,845
30,000
43/ 135th Meeting of the OPEC Conference, March 16, 2005. Iraq is not called upon to participate in this agreement. The President of the Conference is authorized, after
consultation with fellow Heads of Delegation, to announce an additional 500,000 b/d increase until its next Meeting, if prices remain at current high levels or continue
to further rise.
44/ 136th (Extraordinary) Meeting of the OPEC Conference, June 15, 2005. Iraq is not called upon to participate in this agreement. The President of the Conference is
authorized, after consultation with fellow Heads of Delegation, to announce an additional 500,000 b/d increase until its next Meeting, if prices remain at current high
levels or continue to further rise. The 137th OPEC Conference , September 20, 2005, agreed to make available to the market the spare capacity of 2m b/d, should it
be called for, for a period of three months, starting October 1, 2005. The 138th (December 12, 2005), the 139th (Extraordinary, January 31, 2006), the 140th (March
8, 2006) and the 141st (Extraordinary, June 1, 2006) Conference retained the OPEC production level as agreed on June 15, 2005.
45/ Consultative Meeting of the OPEC Conference, October 19–20, 2006. Data reflect interim production cuts from OPEC excluding Iraq production in September 2006.
Iraq is not called upon to participate in this agreement.
46/ 143rd (Extraordinary) Meeting of the OPEC Conference, December 14, 2006. Data reflect a further production cut to the decision taken in Doha, October 19–20 2006.
Iraq is not called upon to participate in this agreement.
47/ 145th Meeting of the OPEC Conference, September 11, 2007. Angola and Iraq are not called upon to participate in this agreement. Data reflect production increase of
500,000 b/d for OPEC (excluding Angola and Iraq) to achieve 27.253m b/d.
48/ 146th (Extraordinary) Meeting of the OPEC Conference, December 5, 2007. Iraq is not called upon to participate in the agreement.
49/ 149th Meeting of the OPEC Conference, September 9–10, 2008: The Conference agreed to abide to September 2007 production allocations (adjusted to include new
Members Angola and Ecuador and excluding Indonesia and Iraq), totalling to 28.8m b/d. Indonesia suspended its full Membership in the Organization.
50/ 150th (Extraordinary) Meeting of the OPEC Conference, October 24, 2008: Data reflect a production cut of 1.5m b/d to achieve 27.31m b/d. Iraq is not called upon to
participate in the agreement.
51/ The 151th (Extraordinary) Meeting of the Conference, December 17, 2008, agreed to reduce OPEC excluding Iraq production by total of 4.2m b/d from September
levels of the actual production based on secondary sources. Iraq is not called upon to participate in the agreement.
52/ The 160th Meeting of the Conference, December 14, 2011, decided to maintain the total OPEC’s production level of 30.0m b/d.
10
13. Angola
1,248
6,391
118.72
71.95
22.34
10.46
71.95
9.06
275
1,704
0.760
38
94
1,663
25.5
–
95.4
37.80
2,382
5,204
196.72
72.78
57.60
15.50
48.27
12.20
4,504
1,200
86.454
694
351
809
450.1
54.59
77.5
Population million inhabitants
Land area 1,000 sq km
GDP per capita dollars
Value of exports billion $
Value of imports billion $
Current account balance billion $
Value of petroleum exports billion $
Proven crude oil reserves billion barrels
Natural gas reserves billion cu m
Crude oil production 1,000 b/d
Refinery capacity 1,000 b/cd
Oil demand 1,000 b/d
Crude oil exports 1,000 b/d
Exports of petroleum products 1,000 b/d
Natural gas exports billion cu m
Exchange rate national currency/$
1,166.2
–
471.9
2,423
803
806
0.646
2,942
3,158
140.30
94.03
20.50
52.08
94.31
219.56
6,419
438
34.21
Iraq
0.3
–
660.9
2,070
377
936
15.515
2,978
1,784
101.50
112.93
78.08
25.89
118.55
173.42
45,351
18
3.82
Kuwait
1.3
6.23
40.0
962
236
380
18.118
1,450
1,549
48.47
60.19
23.99
25.75
61.42
81.92
12,777
1,760
6.41
Libya
156.8
28.27
8.2
2,368
344
445
42.571
1,954
5,118
37.14
94.64
23.41
35.71
142.52
257.43
1,535
924
167.68
Nigeria
3.6
128.71
464.6
588
126
80
157.050
734
25,069
25.24
116.21
62.33
30.79
133.72
192.40
108,458
12
1.77
3.8
–
862.1
7,557
2,873
2,107
99.330
9,763
8,235
265.85
336.12
164.76
141.80
388.37
727.31
24,911
2,150
29.20
Qatar Saudi Arabia
3.7
15.61
224.9
2,657
638
471
54.308
2,652
6,091
97.80
118.08
66.55
261.05
350.12
383.80
45,726
84
8.39
UAE
4.3
–
675.1
1,725
786
1,524
22.726
2,804
5,563
297.74
93.57
11.02
59.34
97.34
382.42
12,956
916
29.52
Venezuela
242.56
4,367.2
25,281
8,657
9,350
700.426
32,424
95,132
1,200.83
1,261.18
503.17
806.95
1,688.23
3,354.22
7,811
11,862
429.40
OPEC
m
12,175.5
9.15
456.3
2,102
1,765
1,681
202.431
3,740
33,780
157.30
101.47
26.77
70.02
133.26
548.90
7,173
1,648
76.52
IR Iran
a
m
1.0
–
27.5
358
264
188
0.517
504
6
8.24
13.73
–0.20
24.58
23.90
71.63
4,621
284
15.50
Ecuador
1.2
S
u
r
Notes: Totals may not add up due to independent rounding. Land area figures as per official websites.
Natural gas marketed production billion cu m
GDP at market prices billion $
18.58
Algeria
OPEC Members’ facts and figures, 2012
Table
y
11
16. Table
2.1
Macro-economics
OPEC Members’ mid-year population (1,000 inhabitants)
2008
2009
2010
2011
2012
Algeria
34,591
35,268
35,978
36,717
37,800
Angola
16,368
16,889
17,430
17,992
18,577
Ecuador
13,805
14,005
14,307
14,483
15,500
IR Iran
72,584
73,651
74,733
75,150
76,520
Iraq
30,578
31,664
32,490
33,339
34,207
Kuwait
3,442
3,485
3,582
3,697
3,824
Libya
6,150
6,263
6,378
6,295
6,411
151,212
154,729
158,057
162,799
167,683
1,447
1,639
1,715
1,733
1,774
25,787
26,661
27,563
28,376
29,196
8,074
8,200
8,264
8,328
8,394
27,732
28,181
28,629
29,072
29,517
391,769
400,634
409,127
417,982
429,402
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
OPEC
Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series.
2.1
2.1
Major oil companies’ crude and NGL production
(1,000 b/d) 2.1:
Graph
2.3
OPEC Members’ mid–year population (1,000 inhabitants)
Major oil companies’ crude and NGL production
2.3
3,500,000
450,000
(1,000 b/d)
400,000
450,000
3,500,000
3,000,000
350,000
400,000
3,000,000
2,500,000
300,000
350,000
250,000
300,000
2,500,000
2,000,000
200,000
250,000
2,000,000
1,500,000
150,000
200,000
1,500,000
1,000,000
100,000
150,000
1,000,000
500,000
50,000
100,000
50,000
0
0
500,000
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
0
1970
2012
Algeria
Angola
Ecuador
IR Iran
Iraq
Kuwait
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2012
Saudi Arabia
Libya
Nigeria
Qatar
Venezuela
UAE
Algeria
Angola
Ecuador
IR Iran
Iraq
Kuwait
Saudi Arabia
Libya
Nigeria
Qatar
Venezuela
UAE
2.2
0
1970
2.2
0
14
2.7
2.7
(per cent)
5
5
10
10
15
15
20
20
25
25
30
30
35
35
1980
1985
1990
Angola
Ecuador
IR
1980
1985
1990
19
S
Nigeria
Qatar
Angola
Ecuador
IR Ira
Saud
Nigeria
Qatar
G2.4
Graph 2.2: Population as a share of total OPEC, 2012
Algeria
Angola
Ecuador
Algeria
IR
Angola Iran
Ecuador Iraq
Kuwait
IR Iran
Libya
Iraq
Nigeria
Kuwait
Qatar
Libya
Saudi Arabia
Nigeria
Qatar UAE
Venezuela
Saudi Arabia
UAE
0
Venezuela
1975
Algeria
1975
Libya
Algeria
Libya
40
40
OPEC Members' Values of Petroleum Exports, US$ Mln (1960-2009)
OPEC Members' Values of Petroleum Exports, US$ Mln (1960-2009)
1,400,000
Algeria
G2.4
Angola
Ecuador
Algeria
IR
Angola Iran
Ecuador Iraq
Kuwait
IR Iran
Libya
Iraq
Nigeria
Kuwait
Qatar
Libya
Saudi Arabia
Nigeria
Qatar UAE
Venezuela
Saudi Arabia
UAE
0
Venezuela
0
5
10
5
10
15
15
2.9
OPEC Member Countries' Values of Impo
2.9
OPEC Member
900
Countries' Values of Imports
17. Table
2.2
Macro-economics
OPEC Members’ GDP at current market prices (m $)
2008
2009
2010
2011
2012
Algeria
171,518
137,769
161,773
198,760
196,722
Angola
84,178
75,492
82,471
104,116
118,719
Ecuador
54,686
52,022
56,998
65,945
71,625
IR Iran
350,588
360,625
419,118
495,884
548,895
Iraq
130,204
110,968
142,815
186,607
219,560
Kuwait
147,402
105,993
119,834
160,938
173,424
87,236
63,069
74,804
34,707
81,915
Nigeria
183,282
165,758
225,573
243,140
257,431
Qatar
115,270
97,798
125,122
171,476
192,402
Saudi Arabia
519,797
429,098
526,811
669,507
727,307
United Arab Emirates
315,475
254,803
287,422
348,595
383,799
Venezuela
315,953
329,788
304,487
316,482
382,424
2,475,589
2,183,184
2,527,228
2,996,157
3,354,224
Libya
OPEC
Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series.
ude and NGL production
2.3
Graph 2.3: OPEC Members’ GDP at current market prices (m $)
2.3
3,500,000
ompanies’ crude and NGL production
3,000,000
1990
1995
2000
2005
Saudi Arabia
UAE
Ecuador
IR Iran
Saudi Arabia
Qatar
0
1970
2012
Iraq 1995 Kuwait
1990
2000
2005
Venezuela
Iraq
UAE
600
400
5
20
10
25
15
30
20
35
25
40
30
35
200
500,000
1975
1980
1985
1990
1995
2000
2005
2012
0
Angola
Ecuador 1985 Iran 1990
IR
Iraq
Kuwait 2005
1970
1975
1980
1995
2000
2012Algeria
Kuwait
Venezuela
Libya
G2.4
15
800
1,000,000
500,000
IR Iran 1985
1980
1,000
1,500,000
1,000,000
1985
1,200
2,000,000
1,500,000
1980
1,400
2,500,000
2,000,000
a 1970
Ecuador
1975
ia
Qatar
Angola
Nigeria
1,600
3,000,000
2,500,000
75
Nigeria
Algeria
Libya
embers' Values of Petroleum Exports, US$ Mln (1960-2009)
Saudi Arabia
UAE
Ecuador
IR Iran
Saudi Arabia
Qatar
Qatar
Angola
Nigeria
Venezuela
Iraq
UAE
20
Kuwait
Venezue
Graph 2.4: GDP at current market prices as a share of
total OPEC, 2012 (per cent)
Algeria
G2.4
Angola
Algeria
Ecuador
Angola
IR Iran
Ecuador
Iraq
IR Iran
Kuwait
Iraq
Libya
Kuwait
Nigeria
Libya
Qatar
Nigeria
Saudi Arabia
Qatar
UAE
Venezuela Saudi Arabia
UAE
0 Venezuela 5
40
0
es of Petroleum Exports, US$ Mln (1960-2009)
1,800
3,500,000
Saud
Ve
10
15
20
25
5
10
15
20
2.9
OPEC Member Countries' Values of Imports, US$ Mln (1970-2012))
2.9
25
15
OPEC Member Countries' Values of Imports, US$ Mln (1970-2012))
18. Table
2.3
Macro-economics
OPEC Members’ values of exports (m $)
2008
2009
2010
2011
2012
Algeria
82,035
48,542
61,971
73,679
72,775
Angola
63,914
40,828
50,595
67,310
71,949
Ecuador
18,818
13,863
17,490
22,322
23,899
101,289
88,326
112,788
144,874
133,260
Iraq
63,726
39,430
51,764
83,253
94,311
Kuwait
87,446
53,973
66,533
102,143
118,549
Libya
62,953
36,951
48,672
18,995
61,416
Nigeria
80,719
49,929
86,561
126,350
142,521
Qatar
67,307
48,007
74,810
114,299
133,717
Saudi Arabia
313,481
192,307
251,143
364,735
388,370
United Arab Emirates
239,213
191,802
213,539
302,036
350,123
95,021
57,603
65,745
92,602
97,340
1,275,923
861,561
1,101,611
1,512,598
1,688,229
IR Iran
Venezuela
OPEC
Notes: Revisions have been made throughout the time series. Totals may not add up due to independent rounding. All
figures fob.
2.5
Graph 2.5: OPEC Members’ values of exports (m $)
2.5
1,800,000
1,800,000
1,600,000
1,600,000
1,400,000
1,400,000
1,200,000
1,200,000
1,000,000
1,000,000
800,000
800,000
600,000
600,000
400,000
400,000
200,000
200,000
2012
0
0
1970
2012
Kuwait
enezuela
it
zuela
1970
1975
Algeria
Libya
Algeria
Libya
1975
1980
1985
1990
1995
2000
2005
1980 Angola
1985
2.6
Graph 2.6: Values of exports as a share of total OPEC,
2.6
2012 (per cent)
Algeria
Angola
Algeria
Ecuador
Angola
IR
Ecuador Iran
IR Iran Iraq
Kuwait
Iraq
KuwaitLibya
Nigeria
Libya
Qatar
Nigeria
Saudi Arabia
Qatar
Saudi Arabia UAE
Venezuela
UAE
Venezuela
0
16
2012
1990
1995
2005
2012
Ecuador
IR Iran 2000
Iraq
Kuwait
Saudi Arabia Iraq UAE Kuwait
Nigeria Ecuador
Qatar
Venezuela
Angola
IR Iran
Saudi Arabia
Nigeria
Qatar
Venezuela
UAE
0
5
5
10
10
15
15
2.11
2.11
20
20
25
25
19. 2.1
2.1
Major oil companies’ companies’ crude and NGL production
Major oil crude and NGL production
(1,000 b/d)
(1,000 b/d)
Table
450,000
400,000
350,000
3,500,000
Macro-economics
400,000
450,000
3,000,000
350,000
250,000
200,000
2009
2010
2011
53,706
30,584
38,209
51,395
62,457
39,803
49,352
67,310
71,949
50,000
11,721
6,965
9,673
12,945
13,729
50,000
Ecuador
IR Iran
0
1965
Angola
63,461
Algeria
Nigeria
Libya
82,672
Ecuador
39,307
Angola
Qatar
Nigeria
61,495
2.2
35,600
47,245
18,615
42,205
66,923
87,130
500,000
94,640
Nigeria
48,914
IR Iran
Iraq
51,589 IR Iran 83,003
Ecuador
Saudi Arabia
SaudiUAE
Arabia
Qatar 61,754
96,724
1
0
1970
2012
60,188
73,825
2.2
Libya
1
1,000,000
72,228
114,751
101,468
1970 89,855
1975
198055,746
1985
1990
1995
2000
2005
2012
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
Algeria
Libya
Kuwait
2
2012
1,500,000
0
1960
Iraq
2
48,268
100,000
100,000
2008
150,000
Algeria 150,000
3
2,000,000
250,000
200,000
3
2,500,000
OPEC Members’ values of petroleum exports (m $)
300,000
300,000
Angola
2.3
2.4
Kuwait
94,028 Kuwait
A
Iraq
Venezuela
L
UAE
112,933Venezuela
G2
Qatar
60,485
42,026
66,763
104,228
116,209 Algeria
Algeria
Algeria
Angola
Angola
Angola 280,998
Saudi Arabia
161,613
214,897
319,123
336,124 Ecuador
Ecuador
Ecuador
IR Iran
IR Iran
United Arab Emirates IR Iran 102,087
67,876
74,638
111,607
118,080
Iraq
Iraq
Iraq
Kuwait
Kuwait
Kuwait
Venezuela Libya
89,034
54,201
62,317
88,131
93,569 Libya
Libya
Nigeria
Nigeria
Nigeria 1,031,796
OPEC
624,839
815,588
1,154,961
1,261,183
Qatar
Qatar
Qatar
Saudi Arabia
Saudi Arabia
Saudi Arabia
Sau
UAE
UAE
UAE
Notes: Totals may not add up due to independent rounding. Where applicable, petroleum product exports are included.
Venezuela
Venezuela
Venezuela
Data for some countries may include condensates as well as other NGLs. Iraq data excludes border trades. Some
Ve
countries import substantial amounts of crude and products, resulting in lower net revenue from petroleum operations.
0
5
10
15
20
25
30
35
40
0
0
5
10
15
20
25
30
35
40
2.7
2.7
OPEC Members' Values of Petroleum Exports, US$ Mln (1960-2009)
OPEC Members' Values of Petroleum Exports, exports (m $)
Graph 2.7: OPEC Members’ values of petroleumUS$ Mln (1960-2009)
1,400,000
1,400,000
1,200,000
900
1,200,000
1,000,000
800
700
1,000,000
600
800,000
800,000
600,000
500
600,000
400,000
400,000
200,000
400
300
200
200,000
100
0
1970
0
1975
1970
1980
1975
1985
1980
1990
1985
2000
1995
2005
2000
Angola
Algeria
Nigeria
Libya
2.8
0
201
19
Graph
Values of petroleum exports as a share of
2.8 2.8: total OPEC, 2012 (per cent)
0
5
IR Iran
Iraq
Ecuador
IR Iran
Saudi Arabia
Arabia
SaudiUAE
Qatar
2012
2005
Algeria
Libya
Algeria
Algeria
Angola
Angola
Ecuador
Ecuador
IR Iran
IR Iran
Iraq
Iraq
Kuwait
Kuwait
Libya
Libya
Nigeria
Nigeria
Qatar
Qatar
Saudi Arabia
Saudi Arabia
UAE
UAE
Venezuela
Venezuela
Ecuador
Angola
Qatar
Nigeria
1995
1990
Kuwait
Iraq
Venezuela
UAE
Kuwait
Venezuel
Algeria
Angola
Ecuador
IR Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
S
UAE
Venezuela
0
10
5
15
10
20
15
25
20
30
25
30
17
20. 2.3
2.3
3,500,000
Table 2.5
3,500,000
Macro-economics
3,000,000
3,000,000
2,500,000
2,500,000
OPEC Members’ values of imports (m
2,000,000
2,000,000
1,500,000
1,500,000
2008
1,000,000
Algeria
49,096
1,000,000
500,000
Angola
20,982
500,000
0
Ecuador
17,912
5
2012
0
1970
1975
1980
1985
70,175
05
2012 IR Iran 1970
1975
1980
1985
Kuwait
Algeria
Algeria
Libya
Libya
Kuwait
Venezuela Iraq
Venezuela
0
0
Kuwait
Libya
0
30
$)
2009
49,340
22,660
14,268
1990
1995
69,2471995
1990
Angola
Ecuador
IR Iran
Saudi
Angola
Ecuador 41,512 Arabia
IR Iran
Iraq
Nigeria
Qatar
35,011
43,915UAE
Saudi Arabia
Nigeria
Qatar
UAE
Kuwait
Venezuela 52,075
47,803
Venezuela
24,872
19,891
22,660
25,412
25,886
21,199
G2.4
G2.4
21,940
25,167
11,162
1975
1975
Algeria
Algeria
Libya
Libya
1980
1980
Angola
Angola
Nigeria
Nigeria
1985
1985
1990
1990
Ecuador
Ecuador
Qatar
Qatar
25,753
Algeria
27,830
33,901
44,236
64,296
35,715
Angola
Algeria
Algeria
Ecuador
Angola
Angola
Algeria
Qatar
25,135
22,452
20,937
26,926
30,787 Ecuador
IR Iran
Ecuador
Angola
IR Iraq
Iran
IR Iran
Ecuador
Saudi Arabia
101,454
87,078
97,431
119,961
141,799
Kuwait
Iraq
IR Iraq
Iran
Libya
Kuwait
Kuwait
United Arab Emirates
200,327
170,121
187,001
229,932
261,046
Iraq
Nigeria
Libya
Libya
Kuwait
Qatar
Nigeria
Venezuela
50,971
39,646
38,613
46,441
59,339
Nigeria
Libya
Saudi Arabia
Qatar
Qatar
Nigeria
UAE
Saudi Arabia
OPEC
644,964
592,057
642,378
753,055
806,950
Saudi Arabia
Qatar
Venezuela
UAE
UAE
Saudi Arabia
Venezuela
Venezuela
UAE
0
Notes: Totals
Venezuela may not add up due to independent rounding. Revisions have been made throughout the time series. All
0
5
10
15
20
25
figures cif. 0
0
5
10
15
20
25
Nigeria
5
5
10
10
2.9
2.9
OPEC Member Countries' Values of Imports, US$ Mln (1970-2012))
Graph 2.9: OPEC Members’ values of imports (bn $)
OPEC Member Countries' Values of Imports, US$ Mln (1970-2012))
)
05
05
2.5
2.5
1,800,000
1,800,000
1,600,000
1,600,000
1,400,000
1,400,000
1,200,000
1,200,000
1,000,000
1,000,000
800,000
2010
2011
2012800,000
600,000
50,652
59,847
57,601600,000
400,000
16,667
20,228
22,340400,000
200,000
19,641
23,243
24,585200,000
0
2000
2005
2012
0
1970
75,458
77,805 2012 70,025
2000
2005
Iraq
Kuwait
1970
600
600
500
500
400
400
300
300
200
200
100
100
0
0
–100
–100 1990 1992 1994 1996
1990 1992 1994 199
900
900
800
800
700
700
600
600
500
500
400
400
300
300
200
200
100
2012
2012
Kuwait
Kuwait
Venezuela
Venezuela
100
0
0
1970
1970
Algeria
Angola
Algeria
Ecuador
Angola
IR Iran
Ecuador
IR Iraq
Iran
Kuwait
Iraq
Libya
Kuwait
Nigeria
Libya
Qatar
Nigeria
Saudi Arabia
Qatar
UAE
Saudi Arabia
Venezuela
UAE
Venezuela
18
1975
1975
Algeria
Algeria
Libya
Libya
1980
1980
1985
1990
1995
2000
2005
2012
1990
1995
2000
2005
2012
Angola 1985
Ecuador
IR Iran
Iraq
Kuwait
Saudi Arabia
Angola
Ecuador
IR Iran
Iraq
Kuwait
Nigeria
Qatar
Venezuela
UAE
Saudi Arabia
Nigeria
Qatar
Venezuela
UAE
200
200
150
150
2.10 2.10: Values of imports as a share of total
Graph
2.10
OPEC, 2012 (per cent)
100
100
50
50
0
0
–20
–20 e r ia gola ador Iran
A lg r iaA n la c u or IR
E
e
ad IR Ira
go
A lg
A n Ec u
2000
2005
2
2000
2005
2
0
0
5
5
10
10
15
15
20
20
25
25
30
30
35
35
21. 2.5
Table
1,800,000
2.5
1990
1995
r
2000
2005
IR Iran
Saudi Arabia
1995
2000
90
IR Iran
Saudi Arabia
Iraq
2005
UAE
Iraq
UAE
2012
Kuwait
Venezuela
2012
1,600,000
1,800,000
1,400,000
1,600,000
1,200,000
Estimated current account balances in
1,400,000
1,000,000
1,200,000
800,000
2008
1,000,000
600,000
Algeria
34,450
800,000
400,000
Angola
7,194
600,000
200,000
Ecuador
1,738
400,000
0
200,000 1970
IR Iran
1975
1980 22,837
1985
Iraq
0
1970
Kuwait
Kuwait
Venezuela
Libya
Algeria
Libya
1975
2.6
Macro-economics
OPEC Members (m $)
2009
2010
2011
2012
400
12,150
19,800
15,500
-7,572
7,506
13,085
10,456
204
-1,625
-242
-200
9,473 1995
1990
27,554
2000
59,382
2005
2012 26,765
Angola
Ecuador -1,143Iran
IR
Kuwait
32,344
6,430 Iraq 26,365
20,501
Saudi Arabia
1995
2000 UAE
2005
2012
Venezuela
Nigeria1985 Qatar1990
1980
60,310
Algeria
Libya
Angola
Ecuador
Nigeria 37,581
Qatar
28,285
38,267
IR Iran
Iraq
Saudi
UAE
9,353 Arabia15,730
2.6
70,780
Kuwait
Venezuela
3,163
78,084
23,989
Algeria
Nigeria
29,296
13,974
13,420
8,761
23,411
Angola
QatarEcuador
26,595
6,389
23,797
51,978
62,335
Algeria
IR Iran
Angola
Iraq
Saudi Arabia
132,322
20,955
66,752
158,545
164,764
Ecuador
Kuwait
IR Iran
United Arab Emirates
22,278
7,249
7,241
50,948
66,553
Libya
Iraq
Nigeria
Kuwait
Venezuela
34,275
6,035
12,071
27,205
11,016
Qatar
SaudiLibya
Arabia
Nigeria
OPEC
441,221
93,602
229,294
489,771
503,173
UAE
Qatar
Venezuela
Saudi Arabia
Notes: Totals may not add up due to independent rounding. Revisions have been 20 throughout the time series.
made
UAE 0
5
10
15
25
Venezuela
2.6
15
20
25
0
15
20
5
10
15
25
Graph 2.11: Estimated current account balances in
2.11
total OPEC (bn $)
of Imports, US$ Mln (1970-2012))
600
Imports, US$ Mln (1970-2012))
20
2.11
25
500
600
400
500
300
400
200
300
100
200
0
100
–100
0
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012
–100
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012
1990
ador
ar1990
dor
1995
2000
IR Iran
Saudi Arabia
1995
2000
IR Iran
Saudi Arabia
2005
Iraq
2005
UAE
Iraq
UAE
2.12
2012
Kuwait
Venezuela
2012
Kuwait
Venezuela
200
150
200
2.12
Graph 2.12: Estimated current account balances in
OPEC Members (bn $)
100
150
10050
50 0
–20
0
–20
r
a
a
e r i ngol uado R Iran
I
A lg
A
Ec
q
Ir a
Ku
it
wa
r
a
q
it
la
e r i 2000 uado R Iran 2012a
Ir
wa
2005
go
I
Ku
A lg
A n Ec
20
20
25
25
30
30
35
35
2000
2005
E
a
ia
ya
r ia atar
UA zue l
r ab
Q
Lib Nige
e
iA
en
ud
V
Sa
E
a
a
ia
ia
ar
UA zue l
iby ige r Qat
ab
r
L
e
N
iA
en
ud
V
Sa
2012
19
22. Table
2.7
Macro-economics
Annual average exchange rates for OPEC Members (units of national currency/$)
2008
2009
2010
2011
2012
% change
12/11
Algeria
64.583
72.647
74.386
72.938
77.536
6.3
Angola
75.033
79.328
91.906
93.935
95.426
1.6
Ecuador
1.000
1.000
1.000
1.000
1.000
–
IR Iran
9,428.530
9,864.300
10,254.200
10,616.000
12,175.500
14.7
Iraq
1,193.080
1,170.000
1,170.000
1,170.000
1,166.170
–0.3
Kuwait
0.269
0.288
0.287
0.276
0.280
1.4
Libya
1.224
1.254
1.267
1.212
1.252
3.3
118.546
148.902
150.298
153.903
156.810
1.9
Qatar
3.640
3.640
3.640
3.640
3.640
–
Saudi Arabia
3.750
3.750
3.750
3.750
3.750
–
United Arab Emirates
3.673
3.673
3.673
3.673
3.673
–
Venezuela
2.166
2.148
2.586
4.289
4.289
–
Nigeria
Notes: Conversions to the US dollar are based on average annual market exchange rates as indicated in the International Monetary Fund,
International Financial Statistics. On January 1, 2008, the new Venezuelan bolivar (VEF), equivalent to 1,000 old bolivares (VEB), was
introduced. In January 2010, a fixed dual exchange rate system for the bolivar was announced. The system offers a 2.6 bolivar per US dollar
rate for imports of essential items such as food, medicine, and industrial machinery, and a 4.3 bolivar per US dollar rate for imports of other
products, including cars and telephones.
20
24. Table
3.1
Oil and gas data
World proven crude oil reserves by country (m b)
2008
North America
Canada1
United States
Latin America
Argentina
Brazil
Colombia
Ecuador
Mexico
Venezuela
Others
Eastern Europe and Eurasia
Azerbaijan
Belarus
Kazakhstan
Russia
Turkmenistan
Ukraine
Uzbekistan
Others
Western Europe
Denmark
Norway
United Kingdom
Others
Middle East
IR Iran
Iraq
Kuwait
Oman
Qatar
Saudi Arabia
Syrian Arab Republic
United Arab Emirates
Others
Africa
Algeria
Angola
Egypt
Gabon
Libya
Nigeria
Sudan
Others
Asia and Pacific
Brunei
China
India
Indonesia
Malaysia
Vietnam
Australia
Others
Total world
of which
OPEC
OPEC percentage
OECD
FSU
2009
2010
2011
2012
24,021
4,900
19,121
209,308
2,616
11,722
1,510
6,511
11,866
172,323
2,760
115,795
7,000
198
30,000
75,954
600
395
594
1054
14,318
1,113
7,491
3,590
2,124
752,258
137,620
115,000
101,500
5,572
25,405
264,063
2,500
97,800
2,798
123,384
12,200
9,500
4,340
1,995
44,271
37,200
6,700
7,178
41,030
1,200
15,493
5,651
3,990
5,357
4,700
3,428
1,211
1,280,113
25,582
4,900
20,682
247,917
2,520
11,899
1,362
6,511
11,692
211,173
2,760
116,556
7,000
198
30,000
76,650
600
395
594
1119
13,318
1,060
7,078
3,100
2,080
752,079
137,010
115,000
101,500
5,500
25,382
264,590
2,500
97,800
2,798
125,348
12,200
9,500
4,300
2,000
46,422
37,200
6,700
7,026
44,180
1,100
18,000
5,673
3,990
5,500
4,500
4,239
1,178
1,324,980
28,167
4,900
23,267
334,009
2,505
11,985
1,360
7,206
11,692
296,501
2,760
117,310
7,000
198
30,000
77,403
600
395
594
1120
12,966
812
7,078
2,800
2,276
794,265
151,170
143,100
101,500
5,500
25,382
264,516
2,500
97,800
2,798
127,323
12,200
9,055
4,400
2,000
47,097
37,200
6,700
8,671
43,943
1,100
18,000
5,673
3,990
5,500
4,400
4,061
1,219
1,457,983
28,167
4,900
23,267
337,062
2,505
12,841
1,900
8,235
11,394
297,571
2,616
117,314
7,000
198
30,000
77,403
600
395
594
1124
11,722
900
5,320
2,800
2,702
796,855
154,580
141,350
101,500
5,500
25,382
265,405
2,500
97,800
2,838
128,174
12,200
9,055
4,400
2,000
48,014
37,200
6,700
8,605
46,262
1,100
20,350
5,549
3,885
5,850
4,400
3,872
1,256
1,465,556
28,167
4,900
23,267
338,114
2,805
13,154
2,200
8,235
11,365
297,735
2,620
119,881
7,000
198
30,000
80,000
600
395
594
1094
11,559
805
5,366
2,800
2,588
798,832
157,300
140,300
101,500
5,500
25,244
265,850
2,500
97,800
2,838
130,071
12,200
9,055
4,400
2,000
48,472
37,139
6,700
10,105
51,587
1,100
25,584
5,571
4,030
5,850
4,400
3,872
1,180
1,478,211
% change
12/11
–
–
–
0.3
12.0
2.4
15.8
–
–0.3
0.1
0.2
2.2
–
–
–
3.4
–
–
–
–2.7
–1.4
–10.6
0.9
–
–4.2
0.2
1.8
–0.7
–
–
–0.5
0.2
–
–
–
1.5
–
–
–
–
1.0
–0.2
–
17.4
11.5
–
25.7
0.4
3.7
–
–
–
–6.1
0.9
1,023,393
79.9
53,873
114,840
1,064,288
80.3
55,142
115,536
1,192,727
81.8
57,261
116,289
1,198,292
81.8
55,519
116,289
1,200,830
81.2
55,309
118,886
0.2
–0.7
–0.4
2.2
Notes: Figures as at year-end. Totals may not add up due to independent rounding. Revisions have been made
throughout the time series. For some countries condensates are included.
1. Data refers to conventional crude oil.
22
25. Table
3.2
Oil and gas data
World proven natural gas reserves by country (billion standard cu m)
2008
North America
Canada
United States
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Mexico
Peru
Trinidad & Tobago
Venezuela
Others
Eastern Europe and Eurasia
Armenia
Azerbaijan
Kazakhstan
Poland
Romania
Russia
Turkmenistan
Ukraine
Uzbekistan
Others
Western Europe
Denmark
Germany
Italy
Netherlands
Norway
United Kingdom
Others
Middle East
IR Iran
Iraq
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Others
Africa
Algeria
Angola
Cameroon
Congo
Egypt
Libya
Nigeria
Others
Asia and Pacific
Bangladesh
Brunei
China
India
Indonesia
Malaysia
Myanmar
Pakistan
Thailand
Vietnam
Australia
Others
Total world
of which
OPEC
OPEC share
OECD
FSU
2009
2010
2011
2012
9,168
1,700
7,468
8,017
428
750
380
46
114
8
359
415
500
4,983
34
55,006
164
1,325
1,910
93
629
44,900
3,000
1,020
1,745
220
5,292
113
119
82
1,236
2,985
625
132
75,289
29,610
3,170
1,784
690
25,466
7,570
6,091
908
14,735
4,504
272
235
130
2,170
1,540
5,292
593
15,419
370
350
2,660
1,090
3,100
2,475
590
852
304
217
2,600
811
182,926
9,168
1,700
7,468
8,065
399
750
365
46
124
8
359
415
500
5,065
34
60,487
164
1,359
1,950
93
629
44,900
8,400
1,020
1,745
227
5,246
118
119
69
1,222
2,985
601
132
75,540
29,610
3,170
1,784
690
25,366
7,920
6,091
908
14,747
4,504
275
235
130
2,170
1,549
5,292
593
16,476
344
350
3,090
1,116
3,280
2,350
590
843
340
217
3,145
811
189,728
8,760
1,685
7,075
8,341
379
695
358
45
134
8
339
345
480
5,525
33
61,279
164
1,310
1,950
98
606
46,000
8,340
990
1,682
139
5,019
105
98
64
1,247
2,819
564
122
78,890
33,090
3,158
1,784
610
25,201
8,016
6,091
939
14,462
4,504
275
157
130
2,185
1,495
5,110
607
15,827
364
309
2,751
1,149
2,960
2,362
510
818
360
215
3,225
804
192,578
9,900
1,700
8,200
7,902
359
281
417
43
153
6
349
353
381
5,528
32
62,860
180
1,317
1,913
93
595
46,000
10,000
969
1,661
132
4,817
101
87
66
1,161
2,762
520
120
79,574
33,620
3,158
1,784
610
25,110
8,151
6,091
1050
14,597
4,504
275
155
127
2,210
1,547
5,154
625
16,587
366
301
2,853
1,278
3,068
2,328
522
810
300
288
3,701
772
196,237
10,605
1,695
8,910
7,937
333
281
434
41
155
6
360
359
375
5,563
30
65,564
180
1,317
1,950
88
595
48,676
10,000
969
1,661
128
4,758
95
80
62
1,230
2,685
481
125
80,144
33,780
3,158
1,784
950
25,069
8,235
6,091
1077
14,565
4,504
275
153
124
2,190
1,549
5,118
652
16,777
349
288
3,051
1,331
2,957
2,389
509
766
282
224
3,849
782
200,350
% change
12/11
7.1
–0.3
8.7
0.4
–7.2
–
4.1
–4.7
1.3
–
3.2
1.7
–1.6
0.6
–6.3
4.3
–
–
1.9
–5.4
–
5.8
–
–
–
–3.0
–1.2
–5.9
–8.0
–6.1
5.9
–2.8
–7.5
4.2
0.7
0.5
–
–
55.7
–0.2
1.0
–
2.6
–0.2
–
–
–1.3
–2.4
–0.9
0.1
–0.7
4.3
1.1
–4.6
–4.3
6.9
4.1
–3.6
2.6
–2.5
–5.4
–6.0
–22.2
4.0
1.3
2.1
90,290
49.4
17,746
54,169
90,634
47.8
18,250
59,642
94,257
48.9
17,641
60,540
94,928
48.4
19,171
62,139
95,132
47.5
19,960
64,850
0.2
–1.9
4.1
4.4
Notes: Figures as at year-end. Totals may not add up due to independent rounding. Revisions have been made throughout the time series.
23
26. Oil and gas data
Graph 3.1 World proven Crude Oil Reserves(bn b)
%
87
1,600
Graph 3.1 World proven Crude Oil Reserves(bn b)
1,400
%
Graph 3.1 World proven Crude Oil Reserves(bn b)
1,600
1,200
Graph 3.1 World proven Crude Oil Reserves(bn b)
1,600 Graph 3.1: World proven crude oil reserves (bn b)
1,400
1,000
1,600
1,400
1,200
800
1,400
1,200
1,000
600
1,200
1,000
800
400
1,000
800
600
200
800
600
400
0
600
400
70
80
90
00
1960
200
400
200
0
200
0
70
80
90
00
1960
1960
70
80
90 1,000 billion standard cu m
00
0
Graph 3.2
1960
70
80
90
00
210
62
67
201262
2012
62
2012
Graph 3.2
reserves1,000 billion standard cu m)
(1,000 bn standard cu m
90
00
90
90
00
00
90
00
L
Eastern Europe
North America & Eurasia
Western Europe
NorthAmerica
Latin America
Middle East
Latin America & Eurasia
North America
Eastern Europe
Africa
Eastern Europe & Eurasia
Latin America
Western Europe
Asia and Pacific
WesternEast
Eastern Europe & Eurasia
Middle Europe
OPEC share (%)
Middle East
Western Europe
Africa
Africa East
Middle Pacific
Asia and
Asia and share (%)
OPEC
Africa Pacific
OPEC Pacific
Asia and share (%)
OPEC share (%)
Eastern Euro
No
We
No
L
La
No
Eastern Euro
Eastern Europ
La
We
Asi
Wes
Eastern Europ
OPEC
Wes
Asia
Asia
OPEC
OPEC
Asia
OPEC
%
50
%
55
55
%
45
55
50
50
40
50
45
45
35
45
40
40
30
40
35
2012
35
35
30
2012
30
2012
30
2012
2012
2012
2012
2012
Graph 3.4: OPEC Members’ proven natural gas reserves (1,000 bn standard cu m)
100
90 Graph 3.4 OPEC MCs Proven Gas Reserves 1000 billion standard Cum
Graph 3.4 OPEC MCs Proven Gas Reserves 1000 billion standard Cum
80
100 Graph 3.4 OPEC MCs Proven Gas Reserves
70
1000 billion standard Cum
100
90
60
90
100
80
50
80
90
70
40
70
80
60
30
60
70
50
20
50
60
40
10
40
50
30
0
30
40
201960
80
70
90
20
30
10
10
20
0
80
70
90
0
101960
24 1960
80
70
90
0
1960
80
70
90
No
Latin America
%
1,400
Graph 3.3 OPEC MCs Proven Crude Oil Reserves
Graph OPEC MCs Proven Crude Oil Reserves
1,200 Graph 3.33.3: OPEC Members’ proven crude oil reserves (bn b)
1,400 Graph 3.3 OPEC MCs Proven Crude Oil Reserves
1,000
1,400
1,200
800
1,400
1,200
1,000
600
1,200
1,000
800
400
1,000
800
600
200
800
600
400
0
600
400
1960
80
70
90
00
200
400
200
0
200
0
1960
80
70
90
00
1960
80
70
90
00
0
1960
80
70
90
00
Graph 3.4 OPEC MCs Proven Gas Reserves 1000 billion standard Cum
North America
55
1,000 billion standard cu m
1,000 billion standard cu m
Graph 3.2
180
Graph 3.2
210 Graph 3.2: World proven natural gas
150
210
180
120
210
180
150
90
180
150
120
60
150
120
90
30
120
90
60
0
90
60
70
1960
80
30
60
30
0
30
70
1960
80
0
70
1960
80
0
70
1960
80
Graph 3.3 OPEC MCs Proven Crude Oil Reserves
82
%
87
87
%
77
87
82
82
72
82
77
77
67
77
72
72
62
72
201267
67
00
2012
00
00
2012
2012
00
2012
North America
Latin America
Eastern Europe
North America & Eurasia
Western Europe
NorthAmerica
Latin America
Middle East
Latin America & Eurasia
North America
Eastern Europe
Africa
Eastern Europe & Eurasia
Latin America
Western Europe
Asia and Pacific
WesternEast
Eastern Europe & Eurasia
Middle Europe
OPEC share (%)
Middle East
Western Europe
Africa
Africa East
Middle Pacific
Asia and
Asia and share (%)
OPEC
Africa Pacific
OPEC Pacific
Asia and share (%)
OPEC share (%)
Nor
Lat
Eastern Europe
Nor
West
Nort
Lat
M
Lat
Nort
Eastern Europe
Eastern Europe
Lat
Weste
Asia a
Weste
Eastern Europe
M
OPEC sh
M
Weste
AsiaM
a
Asia a
OPEC sh
OPEC sh
Asia a
OPEC sh
Algeria
Alger
Angola
Ango
Ecuador
Ecuad
Algeria
IR Iran
Alger
IR Ira
Algeria
Angola
Iraq
Alger
Ango
Ira
Angola
Ecuador
Kuwait
Algeria
Ango
Ecuad
Kuwa
Ecuador
Alger
IR Iran
Libya
Angola
Ecuado
IR Ira
Lib
Ango
IR Iran
Iraq
Nigeria
Ecuador
IR Ira
Niger
Ecuado
Iraq
Kuwait
Qatar
IR Iran
Ira
Kuwa
Qat
IR Ira
Kuwait
Libya
Iraq Arabia
Saudi
Kuwa
Liby
Ira
Saudi Arab
Libya Arab Emirates
Nigeria
Kuwait
United
Liby
Niger
Kuwa
United Arab Emirat
Nigeria
Qatar
Venezuela
Libya
Niger
Qat
Venezue
Liby
Qatar
Saudi
NigeriaArabia
Qat
SaudiNiger
Arab
Saudi ArabiaEmirates
United Arab
Qatar
Saudi Arab
United Arab Emirate
Qat
United Arab
Venezuela Emirates
Saudi Arabia
United Arab Emirate
Venezue
Saudi Arab
Venezuela Emirates
United Arab
Venezue
United Arab Emirate
Venezuela
Venezue
Alger
Ango
Ecuado
Alger
IR Ira
Algeria
Algeri
Ango
Ira
Angola
Angol
Ecuado
Kuwa
Ecuador
Algeri
Ecuado
IR Ira
Liby
Angol
Algeria
IR Iran
IR Ira
Niger
Algeria
Ecuado
Angola
Iraq
Ira
Kuwa
Angola
Ecuador
Qata
IR Ira
Kuwait
Algeria
Kuwa
Liby
Ecuador
IR Iran
Ira
Saudi Arab
Libya
Angola
Liby
Niger
IR Iran
Iraq
Kuwa
United Arab Emirate
Nigeria
Ecuador
Nigeri
Qata
Iraq
Kuwait
Venezue
Liby
Qatar
IR Iran
Qata
Kuwait
SaudiNigeri
Arab
Libya Arabia
Iraq
Saudi
Saudi Arabi
Libya Arab Emirates United Arab Emirate
Nigeria
Qata
Kuwait
United
United Arab Emirate
Venezue
Nigeria
Qatar
Saudi Arabi
Venezuela
Libya
Venezuel
Qatar
Saudi
United Arab Emirate
NigeriaArabia
Saudi ArabiaEmirates
United Arab
Venezuel
Qatar
United Arab
Venezuela Emirates
Saudi Arabia
Venezuela Emirates
United Arab
Venezuela
27. Table
3.3
Oil and gas data
Active rigs in OPEC Members and in world
2008
North America
Canada
United States
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
Ecuador
Mexico
Trinidad & Tobago
Venezuela
Others
Eastern Europe and Eurasia
Azerbaijan
Kazakhstan
Poland
Romania
Russia
Turkmenistan
Others
Western Europe
France
Germany
Italy
Netherlands
Norway
United Kingdom
Others
Middle East
IR Iran
Iraq
Kuwait
Oman
Qatar
Saudi Arabia
Syrian Arab Republic
United Arab Emirates
Yemen
Others
Africa
Algeria
Angola
Egypt
Gabon
Libya
Nigeria
South Africa
Sudan
Others
Asia and Pacific
Australia
China
Brunei
India
Indonesia
Malaysia
New Zealand
Pakistan
Others
Total world
of which
OPEC
OPEC percentage
OECD
FSU
2009
2010
2011
2012
2,143
361
1,782
424
70
3
59
1
42
18
111
4
108
8
509
11
107
14
31
335
11
–
152
1
10
4
5
25
22
85
413
52
29
19
52
2
127
20
14
15
83
210
27
6
60
1
63
20
1
30
2
272
26
30
1
82
61
19
4
21
28
4,123
1,485
313
1,172
426
55
4
66
4
31
12
122
3
120
9
473
14
85
15
28
320
11
–
125
1
5
4
5
22
14
74
369
52
22
28
48
6
102
19
11
12
69
192
27
5
49
2
60
18
–
28
3
313
17
47
1
104
58
13
5
18
50
3,383
2,109
398
1,711
424
61
5
75
3
54
11
80
1
125
9
400
15
58
9
15
294
9
–
149
–
7
4
7
19
20
92
423
54
36
56
41
6
98
31
13
12
76
217
24
11
57
4
60
35
–
20
6
325
16
43
–
112
60
8
5
15
66
4,047
2,432
429
2,003
507
64
5
86
4
75
39
105
4
116
9
404
14
60
11
10
300
9
–
132
1
5
4
4
10
16
92
526
123
59
49
50
6
121
27
13
2
76
255
33
22
71
6
55
38
–
26
4
299
14
40
3
117
53
8
4
12
48
4,555
2,137
353
1,784
514
75
9
71
3
39
44
114
5
149
5
428
14
60
15
10
320
9
–
159
1
6
5
9
25
21
92
590
133
92
48
43
6
148
27
13
4
76
290
38
27
48
6
72
44
–
26
29
286
23
17
1
114
43
13
6
21
48
4,404
change
12/11
–295
–76
–219
7
11
4
–15
–1
–36
5
9
1
33
–4
24
–
–
4
–
20
–
–
27
–
1
1
5
15
5
–
64
10
33
–1
–7
–
27
–
–
2
–
35
5
5
–23
–
17
6
–
–
25
–13
9
–23
–2
–3
–10
5
2
9
–
–151
485
11.8
2,386
539
463
13.7
1,716
520
529
13.1
2,315
443
674
14.8
2,727
444
814
18.5
2,418
445
140
24.9
–309
1
Notes: From 2002 onward the global rigs count was revised to include FSU countries, China and Sudan. Figures as
at year-end. Number of workover rigs for Venezuela is estimated to stand at 144 in 2012, 128 in 2011, 77 in 2010
and 64 in 2009. Average active rigs of the USA in 2008, 2009, 2010, 2011 and 2012 stood at 1,880, 1,086, 1,541,
1,875, 1,919, respectively.
25
28. Table
3.4
Oil and gas data
Wells completed in OPEC Members
2008
2009
2010
2011
2012
change
12/11
Algeria
249
265
258
249
258
9
Angola
99
60
118
112
127
15
Ecuador
128
160
176
207
268
61
IR Iran
294
160
186
204
323
119
19
55
71
76
228
152
92
118
268
363
126
–237
Libya
254
247
200
76
68
–8
Nigeria
105
140
94
124
107
–17
89
94
35
29
87
58
592
450
336
312
362
50
124
173
182
266
304
38
Venezuela
1,350
775
890
1,050
788
–262
OPEC2
3,395
2,697
2,814
3,068
3,046
–22
112,444
86,294
96,230
99,039
101,757
2,718
Iraq
Kuwait
1
Qatar
Saudi Arabia
1
United Arab Emirates
Total
world2
Notes:
1. Figures include share of wells completed from Neutral Zone.
2. Wells completed include development and exploration of oil and gas wells.
26
29. Table
3.5
Oil and gas data
Producing wells in OPEC Members
2008
2009
2010
2011
2012
change
12/11
Algeria
1,285
2,028
2,014
2,010
2,061
51
Angola
1,064
1,321
1,321
1,476
1,554
78
Ecuador
2,699
2,817
3,025
3,079
3,177
98
IR Iran
1,128
2,074
2,074
2,026
2,119
93
1,685
1,526
1,526
1,695
1,700
5
1,079
1,667
1,667
1,798
1,831
33
Libya
1,543
2,060
2,060
609
1,910
1,301
Nigeria
2,524
3,152
2,068
2,116
2,168
52
421
513
513
517
517
–
1,560
2,811
2,895
3,245
3,407
162
1,456
1,456
1,458
1,592
1,640
48
Venezuela
15,669
14,651
14,651
14,915
14,959
44
OPEC
32,113
36,076
35,272
35,078
37,043
1,965
953,734
928,167
936,873
971,879
981,598
9,719
Iraq
Kuwait
1
Qatar
Saudi Arabia
1
United Arab Emirates
Total
world2
Notes: Excluding shut-in wells.
1. Figures include share of producing wells from Neutral Zone.
2. Revisions have been made throughout the time series to include Eastern Europe.
27
30. Table
3.6
Oil and gas data
Daily and cumulative crude oil production in OPEC Members (1,000 b)
Daily crude oil production (average)
1960
1970
1980
1990
2000
2012
Algeria
181.1
1,029.1
1,019.9
783.5
796.0
1,199.8
Angola
1.1
83.9
150.0
473.8
736.1
1,704.0
Ecuador
7.5
4.1
204.1
286.1
392.2
503.6
1,067.7
3,829.0
1,467.4
3,135.3
3,661.3
3,739.8
972.2
1,548.6
2,646.4
2,112.6
2,810.0
2,942.4
1,691.8
2,989.6
1,663.7
858.6
1,996.1
2,977.6
0.0
3,318.0
1,831.6
1,389.1
1,347.2
1,450.0
17.4
1,083.1
2,058.0
1,726.7
2,053.6
1,954.1
174.6
362.4
471.4
405.6
648.2
733.6
1,313.5
3,799.1
9,900.5
6,412.5
8,094.5
9,763.0
–
779.6
1,701.9
1,762.6
2,174.7
2,652.5
Venezuela
2,846.1
3,708.0
2,165.0
2,135.2
2,891.0
2,803.9
OPEC
8,273.0
22,534.5
25,279.9
21,481.6
27,600.8
32,424.2
IR Iran
Iraq
Kuwait
1
Libya
Nigeria
Qatar
Saudi Arabia
1
United Arab Emirates
1. Figures include share of production from Neutral Zone.
28
31. Table
3.6
Oil and gas data
Cumulative crude oil production up to and including year
1960
1970
1980
1990
2000
2012
Algeria
81,372
2,569,469
6,404,548
8,974,340
11,837,030
16,942,127
Angola
1,127
76,423
623,359
1,681,478
3,972,081
10,032,605
Ecuador
2,745
26,191
617,927
1,526,131
2,843,162
4,914,397
4,167,717
12,357,977
29,969,896
38,410,483
51,367,070
67,826,733
2,750,439
7,476,078
15,826,156
22,246,208
26,918,241
36,642,058
4,333,049
13,028,906
21,993,164
25,857,094
32,092,887
42,608,314
–
5,476,384
12,810,843
16,929,582
21,993,272
28,304,027
12,318
1,138,896
8,389,456
13,656,562
20,572,881
29,634,351
451,617
1,428,583
3,199,374
4,334,808
6,032,088
9,255,000
4,345,242
13,283,848
42,306,785
61,814,608
91,266,532 129,359,546
–
1,160,471
7,164,231
11,921,927
19,785,670
30,172,519
Venezuela
13,865,487
26,301,976
36,046,663
42,528,079
51,772,971
64,441,657
OPEC
30,011,111
84,325,201 185,352,402 249,881,299 340,453,882 470,133,334
IR Iran
Iraq
Kuwait
1
Libya
Nigeria
Qatar
Saudi Arabia
1
United Arab Emirates
1. Figures include share of production from Neutral Zone.
29
32. Table
3.7
Oil and gas data
World crude oil production by country (1,000 b/d)
2008
North America
Canada
United States
Latin America
Argentina
Brazil
Chile
Colombia
Ecuador
Mexico
Peru
Trinidad & Tobago
Venezuela
Others
Eastern Europe and Eurasia
Azerbaijan
Kazakhstan
Romania
Russia
Turkmenistan
Ukraine
Others
Western Europe
Denmark
France
Germany
Italy
Netherlands
Norway
Turkey
United Kingdom
Others
Middle East
Bahrain
IR Iran
Iraq
Kuwait 1
Oman
Qatar
Saudi Arabia1
Syrian Arab Republic
United Arab Emirates
Yemen
Africa
Algeria
Angola
Congo
Egypt
Equatorial Guinea
Gabon
Libya
Nigeria
Sudans
Others
Asia and Pacific
Australia
Brunei
China
India
Indonesia
Malaysia
New Zealand
Others
Total world
of which
OPEC
OPEC percentage
OECD
FSU
2009
2010
2011
2012
% change
12/11
6,349.1
1,348.7
5,000.4
9,635.2
641.6
1,812.1
2.0
587.8
501.4
2,798.5
76.6
114.3
2,957.5
143.5
12,045.5
899.7
1,142.7
92.8
9,498.5
202.1
62.2
147.4
4,046.6
279.8
19.6
61.7
99.5
33.6
2,107.6
41.6
1,352.5
50.8
23,141.6
184.5
4,055.7
2,280.5
2,676.0
669.3
842.8
9,198.0
377.0
2,572.2
285.7
9,191.4
1,356.0
1,896.3
259.7
522.6
299.8
239.6
1,721.5
2,017.4
456.8
421.7
7,414.0
463.7
157.5
3,802.1
682.0
853.4
694.2
60.1
701.0
71,823.5
6,570.2
1,217.2
5,353.0
9,495.0
611.3
1,950.4
2.8
670.2
464.7
2,601.4
71.8
107.2
2,878.1
137.1
12,396.3
1,014.4
1,256.3
88.5
9,650.4
188.4
58.1
140.2
3,828.8
261.3
18.2
54.6
82.8
25.5
1,989.2
46.2
1,301.2
49.8
20,868.5
182.0
3,557.1
2,336.2
2,261.6
712.6
733.0
8,184.0
377.0
2,241.6
283.4
8,461.0
1,216.0
1,738.9
274.9
523.1
281.7
237.6
1,473.9
1,842.0
475.2
397.7
7,345.8
463.7
148.6
3,794.6
666.3
826.1
659.9
55.9
730.8
68,965.6
6,705.8
1,227.1
5,478.7
9,654.4
597.4
2,054.7
3.0
784.8
476.4
2,577.2
72.6
98.2
2,853.6
136.3
12,651.7
1,026.7
1,333.4
85.7
9,841.3
180.0
51.4
133.0
3,529.0
246.3
18.0
49.0
96.0
19.9
1,798.0
48.3
1,202.4
51.2
21,030.6
181.8
3,544.0
2,358.1
2,312.1
758.3
733.4
8,165.6
386.0
2,323.8
267.5
8,668.6
1,189.8
1,757.6
295.6
534.1
256.1
252.4
1,486.6
2,048.3
462.2
385.9
7,648.2
480.0
153.1
4,076.4
735.6
824.4
635.9
54.9
687.9
69,888.2
6,912.7
1,260.8
5,651.8
9,813.4
560.0
2,105.4
4.5
914.4
500.3
2,552.5
69.6
92.0
2,880.9
133.9
12,649.8
915.9
1,325.9
83.8
9,943.3
200.2
48.7
131.9
3,191.6
221.7
17.8
51.8
99.2
21.4
1,679.9
45.7
1,006.0
48.1
23,004.8
190.3
3,576.0
2,652.6
2,658.7
780.1
733.5
9,311.0
333.3
2,564.2
205.1
7,430.5
1,161.6
1,618.0
295.3
530.4
239.9
251.0
489.5
1,974.8
428.0
441.9
7,458.1
405.7
150.2
4,052.1
766.9
794.4
569.8
46.8
672.2
70,460.9
7,812.9
1,307.9
6,505.0
9,686.8
535.1
2,061.3
6.1
944.4
503.6
2,547.9
66.6
81.7
2,803.9
136.1
12,670.4
844.5
1,306.5
82.0
10,042.9
218.7
46.0
129.7
2,889.9
208.5
16.3
51.1
101.0
21.6
1,532.8
44.8
868.2
45.8
24,133.4
168.3
3,739.8
2,942.4
2,977.6
813.5
733.6
9,763.0
182.1
2,652.5
160.8
8,202.7
1,199.8
1,704.0
297.7
533.1
256.7
242.0
1,450.0
1,954.1
119.3
446.1
7,462.5
368.4
139.7
4,109.1
760.1
763.4
584.0
41.1
696.8
72,858.5
13.0
3.7
15.1
–1.3
–4.4
–2.1
35.0
3.3
0.7
–0.2
–4.3
–11.2
–2.7
1.6
0.2
–7.8
–1.5
–2.2
1.0
9.2
–5.7
–1.7
–9.5
–6.0
–8.9
–1.4
1.8
0.6
–8.8
–2.0
–13.7
–4.8
4.9
–11.6
4.6
10.9
12.0
4.3
–
4.9
–45.4
3.4
–21.6
10.4
3.3
5.3
0.8
0.5
7.0
–3.6
196.2
–1.0
–72.1
0.9
0.1
–9.2
–7.0
1.4
–0.9
–3.9
2.5
–12.3
3.7
3.4
32,075.4
44.7
13,733.0
11,908.6
28,927.1
41.9
13,532.7
12,267.6
29,249.4
41.9
13,357.2
12,524.3
30,121.2
42.7
13,119.9
12,521.9
32,424.2
44.5
13,676.4
12,542.2
7.6
4.1
4.2
0.2
Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series.
1. Figures include share of production from Neutral Zone.
30
37. ast
Pacific
share
Middle East
30
Africa
Asia and Pacific
OPEC share (%)
20
20
10
10
0
1960
70
80
80
7080
70
80
90
m b/d Graph 3.5: World Crude Oil Production
m b/d Graph 3.5: World Crude Oil Production
Graph 3.5: World crude oil production (m b/d)
0
Oil and gas data
00
2009
%
%
60
%
60
50
%
60
50
%
80
60
North America
North America
North America
North America 6070
%
80
60
60
50
Latin America
Latin America
7080
40
60
Latin America
Latin America 50
40
50
North America
North America
70
50
60
erica Europe & Eurasia
North Europe & Eurasia
50
Eastern Europe & Eurasia EasternAmerica& Eurasia
Eastern
EasternAmerica America
Latin
Latin 6070
40
America America
North Europe
4050
30
50
60
40
30
erica
Latin Western Europe
Western Europe
40
Western Europe
Western
America Europe & Eurasia North America & Eurasia
North America Europe
America 5060
erica
Eastern
Eastern Europe
merica
Latin
40
3040
urope & Eurasia
Middle East
Middle East
Latin Eurasia
30
30
Middle Europe Eastern Europe &America Middle50
20
America East
Latin Eurasia Europe
erica
40
Western
Western East
20
n Europe & Eurasia
Eastern Europe &America 4050
30
Europe
Western Eurasia
Europe
40
Africa Eurasia Eastern Europe & & Eurasia Africa
Africa 2030
30
20
nAfrica & Eurasia
Europe &East
Eastern Europe Europe
urope
Middle
Middle East
n Europe
Western
20
10
Asia and
Asia and
ast Asia Pacific
Middle East Pacific
30
Western Europe and 3040
10
Asia
20
rn Europe
Western Europe Pacific 1020
Europe and Pacific
30
Africa
10
East
Middleshare (%)Africa
East
20
OPEC share (%)
OPEC share2030
Africa
Middle East
OPEC and (%)
e East OPEC share
Middle East Pacific
10
ast Asia and Pacific
Asia
010
0 20
Africa
20
0
0
10
Pacific
Asia and Pacific
Africashare10
70
1960
80
OPEC
OPEC
Africa (%)
70
00 00
20
1960
80
90 90
2012
10 2009
nd Pacific share (%)
Asia and Pacific
10
share
OPEC share Pacific
0
Asia and (%)
0
10
nd Pacific
Asia and (%)
Pacific
EC share (%)
OPEC share Pacific
010
0
70
00
1960
80
90
2012
OPEC share (%)
0
70
00
EC share (%)
OPEC share (%)
1960 Billion Standard cu m
80
90 of Natural Gas
2009 0
share
Graph 3.6: World Marketed Production
70
00
80
90
2012 0
01960
m b/d Graph 3.5: World Crude Oil Production
%
70
1960 Billion Standard cu m
80
90
2012
Graph 3.6: World Marketed Production of Natural Gas 00
%
3,500
25
%
80
Billion Standard cu m
60
Graph 3.6: World Marketed Production of Natural Gas
3,500
25
3,000
Billion Standard cu m
Graph 3.6: World Marketed Production of Natural Gas
%
70
20
50
3,500 Graph 3.6: World marketed production of natural gas (bn standard cu m)
25
%
3,000
2,500
North America
North America
3,500
25
60
20
North America
3,000
North America
15
Latin America
Latin America
40
2,500
Graph 3.7: OPEC MCs Crude Oil Production
NorthAmerica
North America
2,000
20
50
3,000
mb/d
Latin Eurasia
Latin
Eastern America
Eastern Europe &America
20
Latin America & Eurasia
North America
15
2,500
Latin Europe
35 America
North America
2,000
1,500
40
30
North America & Eurasia
10
Eastern Europe Europe
Western Europe & Eurasia Eastern Europe Eurasia
Western 2,500
erica Europe & Eurasia Algeria America &America
Eastern Europe
Latin
North
Eastern
15
Latin
America America
Angola America Europe
30
Latin Western 2,000
1,500
30
Western East
North America Europe
Middle
Middle 2,000
15
1,000
erica
10
Western Europe
Western Europe & Eurasia EasternAmerica & Eurasia
Latin Europe
20
America East
Ecuador
Eastern Europe
merica
Eastern Europe & America Africa
Middle 1,500
5
Middle East
East
Latin Eurasia Europe
Africa &East
20
urope Eurasia
Middle
25
Western
10
Middle Europe EasternIR Iran & Eurasia
1,000
Europe
merica &East
500
Western
n Europe Eurasia
Western Eurasia Africa
10
Asia and Pacific
Asia Middle1,500
and Africa
10
5
Iraq
Europe & Eurasia Eastern Europe & Europe Pacific
East
Africa
Western Europe
10
nAfrica
1,000
Middle
20and Pacific
n Europe share
Europe East
500
0
Asia and
Middle East
0
Asia
OPEC Pacific
Kuwait OPEC share (%)
Western Europe Pacific
Asia and
1,000
ast Asia and Pacific
Africa
5 2012
Middle East
n Europe
70
00
80
90
Africa
0 1960
0
East
OPECEast (%)
OPEC share Pacific
share
LibyaMiddle 15 and(%) 500
Africa
5 2009 0
OPEC share
0
Asia
70
00
1960
80
90
Africa
e East OPEC share (%)
Asia and Pacific
Nigeriaand Pacific
70
00
1960
80
90
2012
Asia OPEC share (%)500
Africa
PacificOPEC
0
0
Asia
Pacific
10
Qatarand (%)
nd Pacific share (%)
OPEC share Pacific
70
00
1960
80
90
20120
abia
0
Asia and
share
OPEC share (%)
nd Pacific
Saudi Arabia
EC share (%)
70
00
1960
80
90
2012
rab Emirates
OPEC share (%)5
EC share (%) United Arab Emirates
a
Venezuela
0
1960
80
70
90
2009
00
Graph 3.7: OPEC MCs Crude Oil Production
Graph 3.7:
Graph Marketed Production of NaturalOPEC MCs Crude Oil Production
Graph 3.8:mb/d MCs 3.7: OPEC Members’ crude oil production (m b/d)
OPEC
Gas
Graph 3.7: OPEC MCs Crude Oil Production
Billion35
Standard Cu m
35
Algeria
Algeria
Algeria America
Algeria
North
Graph 3.7: OPEC MCs Crude Oil Production
Angola
North America
Angola
600 mb/d 35
Graph 3.7: OPEC MCs Crude Oil Production
Angola
30
30
Algeria
Algeria Angola America
Latin
Ecuador
Ecuador
Graph 3.7: OPEC MCs Crude Oil Production
Algeria
Latin America
35
Ecuador
Angola
Angola Ecuador &
Iran
aIR IR Iran
Algeria Europe
Angola
Eastern 50035
2530
25
Ecuador
Algeria IR Iran
Eastern Europe & Eurasia Ecuador IR Iran35 Eurasia
aIraq
Iraq
Ecuador
Angola
30
Algeria Western Europe
Iraq
Iraq
IR Angola 40030
Iran
aWestern
or IR IranEurope
Kuwait
Kuwait
Ecuador
2025
20
IR Iran
Angola Kuwait
Ecuador Kuwait
Iraq
Middle East
or LibyaEast
2530
IR Iraq
Iran
Iraq
Middle
Libya
25
Ecuador Libya
IR Iran
Kuwait
Libya
15
1520
Kuwait
Iraq
Kuwait Africa
Nigeria
Nigeria
Africa
IR Iraq Nigeria
Iran 30025
20
Libya
t Qatar
Kuwait Nigeria20 Pacific
Libya
Asia and
Libya
Qatar
Iraq
Kuwait Qatar
10
1015
Nigeria
Qatar
tAsia and Pacific
Nigeria OPEC1520 (%)
200
Libya
Saudi Arabia
Saudi Arabia
share
Kuwait Nigeria
Libya Arabia
OPEC
Qatar share
15
Saudi Arabia
Saudi
Qatar
a United Arab Emirates
Nigeria
Qatar
United Arab Emirates
5
510
15
UnitedLibya
Arab
Saudi Arabia
UnitedNigeria Emirates
Arab Emirates
aVenezuela
10
Saudi ArabiaSaudi10010
Qatar
Venezuela
Arabia
Nigeria
Qatar
abia
United Arab Emirates Emirates Venezuela
5
Venezuela
00
United Arab United Arab Emirates
Arabia
Saudi Arabia
10
Qatar
Saudi Arabia
rab Venezuela
Emirates
5
1960
80
70
9090
00 00
1960
80
70
Arabia
0 5
Venezuela
Arab Emirates
United Arab Emirates Venezuela
0
Saudi Arabia
daArab Emirates United Arab Emirates
5
1960
80
70
90
2009
00
uela
Venezuela
1960
80
70
90
00
abia
00
United Arab Emirates
Venezuela
Graph 3.8: OPEC MCs Marketed Production of Natural Gas
uela
1960
80
70Graph 3.8: OPEC Members marketed production of natural gas(bn standard cum) 2009
90
00
ab Emirates
Venezuela
1960
80
70
90
2012
00
Billion Standard Cu m
0
a
1960 800 Graph70
80
90
natural gas
Graph marketed Crude Oil Production
600 OPEC MCs3.8: OPEC Members’3.7: OPEC MCsproduction of00 standard cum) 2012
Graph 3.8: OPEC Members marketed production of natural gas(bn
Graph 3.8:mb/d
Marketed Production of Natural Gas
Algeria
Algeria
(bn standard cu m)
Billion35
Standard Cu m
700 Graph 3.8: OPEC Members marketed production of natural gas(bn standard cum)
800
Angola 500
Algeria
Angola
Algeria
Algeria
Graph 3.8: OPEC Members marketed production of natural gas(bn standard cum)
600
Ecuador
Angola
Ecuador
800
600
700
Angola
30
Algeria Angola
Ecuador
IR 800 400
Iran
Algeria IR Iran
Algeria
Algeria
Ecuador
Angola Ecuador
700
500
600
Algeria Iraq
Angola 500
Iraq
IR Iran
Angola
25
Angola
Iran
Ecuador IR IR700
Iran
Angola Kuwait
Algeria
Ecuador Kuwait
Iraq
600
Ecuador
400
500
Ecuador
Iraq 300
Iraq
IR Iran
Ecuador 400
Angola
IR Iran Libya
Kuwait
Libya
20
600
aIR IR Iran
Iran
Kuwait
Iraq Kuwait
500
Ecuador
300
IR Iraq Nigeria
Iran
400
aIraq
Libya
Iraq
Kuwait Nigeria
Libya 200
500
Iraq Libya
15
300
Kuwait Qatar
aNigeria
Qatar
or IR Iran
Kuwait
400
200
300
Kuwait
Libya Nigeria
Iraq
Kuwait Nigeria
Libya Arabia 100
or Libya
Saudi 400
Qatar
Saudi Arabia
Libya
10
Qatar
Nigeria
Qatar
300
Kuwait
100
200
Nigeria Emirates
UnitedLibya 200
Arab
Saudi Arabia
Nigeria
United Arab Emirates
Nigeria
300
Saudi Arabia
Qatar
Saudi Arabia
Nigeria
Libya
Qatar
200
Venezuela
United Arab Emirates
5
100
00
Venezuela
Qatar
Qatar
United Arab 100
United Arabia Emirates
Saudi Arabia Emirates
Nigeria
Qatar
t Venezuela
Saudi Arab
200
1960
80
70
9090
00 00
1960
80
70
Saudi Arabia
Saudi Arabia United Arab Emirates Venezuela
100
Venezuela
Qatar
Saudi Arabia
00
United Arab Emirates
United Arab Emirates
100
United Arab Emirates Arab Emirates
1960
80
70
90 90
00 00
00
1960
80
70
Saudi Arabia
Venezuela
a Venezuela United Venezuela
Venezuela
1960
80
70
2009
United Arab Emirates Venezuela
0
1960
80
abia
70
9090
2012
00 00
Arabia
Graph 3.8: OPEC MCs Marketed80
Production of Natural Gas
1960
70
90
2012
00
ab Venezuela
Emirates
Arabia
Arab Emirates
Billion Standard Cu m
aArab Emirates
uela
600
uela
Algeria
2012
2009
2012
2012
2009
2012
2009
35