dwt. b/d. GDP miles OPEC OPEC. Total wo OPEC OPEC. Total world. Iraq. Iraq. Nigeria IR Iran. Libya. Kuwait. Iraq. Venezuela Algeria.

Transcription

1 Iraq Qatar Kuwait i Arabia al world s Iraq 5 OPEC United Arab Emirates OPEC % OPEC Annual Statistical Bulletin /11 Iraq Edition OPEC 1963 % m$ dwt Venezuela OPEC Saudi Arabia Libya Nigeria IR Iran Organization of the Petroleum Exporting Countries 1965 Libya Total Total world b/d GDP miles 1995 Total wo

2 Team for the preparation of the OPEC Annual Statistical Bulletin 1/11 Director, Research Division Hasan M Qabazard Project Leader Head, Data Services Department Fuad A Al-Zayer Coordinators Puguh Irawan, Ramadan Janan Statistical Team Hannes Windholz, Pantelis Christodoulides, Mouhamad Moudassir, Klaus Stöger, Harvir Kalirai, Sheela Kriz, Mohammad Sattar, Shahla Khonsari Web and CD Application Nabeel Al-Mojil, Zairul Arifin Editorial Team Head, Public Relations and Information Department Angela Agoawike Editor Alvino-Mario Fantini Design and Production Coordinator Alaa Al-Saigh Production Assistant Diana Lavnick Questions on data Although comments are welcome, OPEC regrets that it is unable to answer all enquiries concerning the data in the ASB. Data queries: dataqueries@opec.org. Advertising The OPEC Annual Statistical Bulletin now accepts advertising. For details, please contact the Head, PR and Information Department at the following address: Organization of the Petroleum Exporting Countries Helferstorferstrasse 17, A-11 Vienna, Austria Tel: / Fax: PR & Information Department fax: /581 Advertising: prid@opec.org Website: Photographs Page 5: Diana Golpashin. Pages 7, 13, 1, 63, 81, 93: Shutterstock. 11 Organization of the Petroleum Exporting Countries ISSN

3 C o n t e n t s Foreword 5 Tables Page Section 1: Summary Table 1.1 OPEC crude oil production allocations 8 1. OPEC Members facts and figures 11 Section : Macro-economics 13 Table.1 OPEC Members mid-year population 14. OPEC Members GDP at current market prices 15.3 OPEC Members values of exports 16.4 OPEC Members values of petroleum exports 17.5 OPEC Members values of imports 18.6 Estimated current account balances in OPEC Members 19.7 Annual average exchange rates for OPEC Members Section 3: Oil and gas data 1 Table 3.1 World proven crude oil reserves by country 3. World proven natural gas reserves by country Active rigs in OPEC Members and in world Wells completed in OPEC Members Producing wells in OPEC Members Daily and cumulative crude oil production in OPEC Members World crude oil production by country Natural gas production in OPEC Members World marketed production of natural gas by country Refinery capacity in OPEC Members by type and location World refinery capacity by country Charge refinery capacity in OPEC Members Output of petroleum products by type in OPEC Members World output of petroleum products by country Consumption of petroleum products by type in OPEC Members World consumption of petroleum products by country OPEC Members crude oil exports by destination World crude oil exports by country OPEC Members petroleum products exports by destination World exports of petroleum products by country World exports of crude oil and petroleum products by country World natural gas exports by country World imports of crude oil by country World imports of petroleum products by country World imports of natural gas by country 6 Section 4: Transportation 63 Table 4.1 Tanker fleet development in OPEC Members World tanker fleet by age World liquid gas carrier fleet by size and type Liquid gas carrier fleet in OPEC Members World combined carrier fleet by size Average spot freight rates for all routes Freight costs in the spot market Spot tanker freight rates for all sizes Crude oil pipelines in OPEC Members Gas pipelines in OPEC Members Petroleum product pipelines in OPEC Members 78 1

4 C o n t e n t s Section 5: Prices Spot OPEC Reference Basket prices 8 5. Spot crude oil prices Crude oil prices in nominal and real terms Spot prices of petroleum products in major markets Retail prices of petroleum products in OPEC Members (national currency/b) Retail prices of petroleum products in OPEC Members ($/b) Composite barrel and its components in major consuming countries 91 Section 6: Major oil companies Principal operations of the major oil companies Revenues, operating costs, deductions, taxation and net income of the major oil companies Costs, deductions, taxation and net income as percentage of revenues of the major oil companies Capital and exploratory expenditure of the major oil companies 97 Graphs Section : Macro-economics Graph.1: OPEC Members mid-year population 14 Graph.: Population as share of total OPEC 14 Graph.3: OPEC Members GDP at current market prices 15 Graph.4: GDP at current market prices as a share of total OPEC 15 Graph.5: OPEC Members values of exports 16 Graph.6: Values of exports as a share of total OPEC 16 Graph.7: OPEC Members values of petroleum exports 17 Graph.8: Values of petroleum exports as a share of total OPEC 17 Graph.9: OPEC Members values of imports 18 Graph.1: Values of imports as a share of total OPEC 18 Graph.11: Estimated current account balances in total OPEC 19 Graph.1: Estimated current account balances in OPEC Members 19 Section 3: Oil and gas data Graph 3.1: World proven crude oil reserves 4 Graph 3.: World proven natural gas reserves 4 Graph 3.3: OPEC Members proven crude oil reserves 4 Graph 3.4: OPEC Members proven natural gas reserves 4 Graph 3.5: World crude oil production 35 Graph 3.6: World marketed production of natural gas 35 Graph 3.7: OPEC Members crude oil production 35 Graph 3.8: OPEC Members marketed production of natural gas 35 Graph 3.9: World refinery capacity 43 Graph 3.1: World output of petroleum products 43 Graph 3.11: OPEC output of petroleum products 43 Graph 3.1: OPEC Members crude oil exports by destination 48 Graph 3.13: World crude oil exports by destination 5 Graph 3.14: World consumption of petroleum products 51 Graph 3.15: World crude oil exports 51 Graph 3.16: OPEC Members consumption of petroleum products 51 Graph 3.17: OPEC Members crude oil exports 51 Graph 3.18: OPEC Members petroleum products by destination 5 Graph 3.19: Percentage share of OPEC crude oil exports 58 Graph 3.: OPEC oil export revenues vs total exports 58 Graph 3.1: OPEC Members exports of crude and petroleum products 58 Graph 3.: OPEC Members exports of petroleum products 58

5 C o n t e n t s Section 4: Transportation Graph 4.1: World tanker fleet by age and categories 65 Graph 4.: World tanker fleet by age and categories 65 Graph 4.3: Spot freight rates for AFRA sizes 68 Graph 4.4: Spot freight rates costs for major routes 69 Graph 4.5: Spot tanker freight rates 7 Graph 4.6: Spot tanker freight costs 7 Section 5: Prices Graph 5.1: OPEC Reference Basket 8 Graph 5.: Differentials of selected spot crude oil prices to OPEC Reference Basket 83 Graph 5.3: Differentials of selected spot crude oil prices to OPEC Reference Basket 84 Graph 5.4: Differentials of selected spot crude oil prices to OPEC Reference Basket 85 Graph 5.5: Differentials of selected spot crude oil prices to OPEC Reference Basket 86 Graph 5.6: Crude oil prices in nominal and real terms: base 1973=1 87 Graph 5.7: Spot petroleum product prices US Gulf 88 Graph 5.8: Spot petroleum product prices Singapore 88 Graph 5.9: Spot petroleum product prices Rotterdam 88 Graph 5.1: Composite barrel and its components 9 Section 6: Major oil companies Graph 6.1: Major oil companies revenues 98 Graph 6.: Major oil companies net income 98 Graph 6.3: Major oil companies crude oil and NGL reserves 98 Graph 6.4: Major oil companies crude oil and NGL production 98 General notes 99 Definitions 1 Country groupings 11 Economic organizations 1 Abbreviations 1 Oil companies 1 Sources 13 Conversion factors 14 Map Major OPEC flows of crude and refined oil inside back cover 3

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7 F o r e w o r d HE Abdalla Salem El-Badri, OPEC Secretary General I am delighted to present the 46 th edition of what has become one of OPEC s most established publications the Annual Statistical Bulletin (ASB). Since its first publication in 1965, the ASB has become a valuable source of data for the oil industry. The aim of the ASB is to provide accurate, reliable and timely historical annual data on the oil and gas industry. Our commitment to provide a wide range of detailed and well-researched statistical data is evident yet again in this latest edition and, as in the past, we are confident that you will find this publication both useful and informative. The focus of the ASB is naturally on OPEC s 1 Member Countries:, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. It also includes information on the global petroleum industry in general, with data on regional imports and exports, oil and gas pipelines, and upstream and downstream activities. Since its founding in September 196, OPEC has strived to gather and collect data related to all aspects of the oil industry from exploration and production, to the transportation of oil and gas supplies. This has played an increasingly important role in the stabilization of the world oil market by ensuring greater transparency. It is precisely because of this that we have continued to publish the ASB. It emphasizes our commitment to openness as a key element of oil market stability. For the convenience of end-users, this year s ASB is available in five different formats: namely, the book edition and the CD-ROM version (which is attached to the inside front cover), an electronic PDF file (which you can download from the OPEC Website, an interactive electronic form (also available on the OPEC Website) and through our in-house Intranet. As part of our mission to continuously enhance the content and packaging of the ASB, and in order to correspond with the dating method of other OPEC publications, this year s ASB is named the ASB 1/11 Edition (in subsequent years, the year in the ASB s title will be the year of the ASB s release). The ASB 1/11 Edition has been prepared over the course of many months and with the help of many people in Member Countries and at the OPEC Secretariat. Since this publication would not have been possible without their valuable input, I would like to acknowledge and thank them for their hard work and commitment. Abdalla Salem El-Badri Secretary General 5

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9 Section 1 Summary 7

10 Table 1.1 S u m m a r y OPEC crude oil production allocations (1, b/d) Apr 8 Mar 83 Apr 83 Oct 84 Nov 84 Aug 86 Sep 86 Oct 86 Nov 86 Dec 86 Jan 87 Jun 87 Jul 87 Dec 87 Jan 88 Dec 88 Jan 89 Jun 89 Jul 89 Sep 89 1/ / 3/ 4/ 5/ 6/ 7/ 8/ 9/ 1/ 11/ Ecuador IR Iran 1,,4,3,3,317,317,55,369,369,64,783 Iraq 1, 1, 1, 1, 1,466 1,54,64,783 Kuwait 8 1, ,37 1,93 Libya 75 1, ,37 1,93 Nigeria 1,3 1,3 1,3 1,3 1,34 1,34 1,38 1,31 1,31 1,355 1,48 Qatar Saudi Arabia 7,15 5, 4,353 4,353 4,353 4,353 4,133 4,343 4,343 4,54 4,769 United Arab Emirates 1, 1, ,41 Venezuela 1,5 1,675 1,555 1,555 1,574 1,574 1,495 1,571 1,571 1,636 1,74 OPEC 16,5 16,5 14,674 14,674 14,515 15,51 17,94 18,18 OPEC excl Iraq 13,68 13,686 13,711 Oct 89 Dec 89 Jan 9 Jul 9 Aug 9 Apr 91 Sep 91 Oct 91 Jan 9 Feb 9 Sep 9 Oct 9 Dec 9 Jan 93 Feb 93 Mar 93 Sep 93 Oct 93 Jun 96 Jul 96 Dec 97 1/ 13/ 14/ 15/ 16/ 17/ 18/ 19/ / 1/ / na 76 na Ecuador na 73 na IR Iran,96 3,14 3,14 3,17 na 3,184 na 3,49 3,34 3,6 3,6 Iraq,96 3,14 3,14 na 55 na , Kuwait 1,149 1,5 1,5 na 81 na 1,5 1,6,, Libya 1,149 1,33 1,33 1,45 na 1,395 na 1,49 1,35 1,39 1,39 Nigeria 1,51 1,611 1,611 1,84 na 1,751 na 1,857 1,78 1,865 1,865 Qatar na 377 na Saudi Arabia 5,14 5,38 5,38 8,34 na 7,887 na 8,395 8, 8, 8, United Arab Emirates 1,94 1,95 1,5,3 na,44 na,6,161,161,161 Venezuela 1,81 1,945 1,945,35 na,147 na,36,57,359,359 OPEC 18,94,515,9,57 # 3,65* 1,335 4,*,915 1,984,93 3,73 Notes: Totals may not add up due to independent rounding. Angola joined OPEC in January 7; Ecuador suspended its membership from December 199 to October 7. 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, 198. / 67th (Extraordinary) Meeting of the OPEC Conference, March 14, No production level allocated to Saudi Arabia which acted as the swing producer. Venezuela: 1.7m b/d including condensates. Nigeria: At the 7th Meeting of the OPEC Conference, July 1 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 9 31, Retained at the 75th (Extraordinary) Meeting of the OPEC Conference, October 4, / 78th Meeting of the OPEC Conference, June 5 3, 1986, and July 8 August 5, 1986, with the exception of Iraq. 5/ 79th (Extraordinary) Meeting of the OPEC Conference, October 6, 1986, with the exception of Iraq. 6/ 79th (Extraordinary) Meeting of the OPEC Conference, October 6, 1986, with the exception of Iraq. 7/ 8th Meeting of the OPEC Conference, December 11, / 81st Meeting of the OPEC Conference, June 5 7, / 8nd 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. 1/ 84th Meeting of the OPEC Conference, November 1 8, / 85th Meeting of the OPEC Conference, June 5 7, / 3rd Meeting of the Eight Minister Monitoring Committee, September 3 7, / 86th Meeting of the OPEC Conference, November 5 8, / 87th Meeting of the OPEC Conference, July 6 7, 199. September March 1: Oil Ministers informal consultations and 1st Ministerial Monitoring Committee, August 6 9, 199 (interim course of action: OPEC shall consequently increase production in accordance with need). Retained August 199 agreement at the 88th Meeting of the OPEC Conference, December 1 13, / 3rd Meeting of the Ministerial Monitoring Committee, March 11 1, Reservations were made by and IR Iran as to the total OPEC production level. Reiterated without reservations at the 89th Meeting of the OPEC Conference, June 4, / 4th Meeting of the Ministerial Monitoring Committee, September 4 5, Retained at the 9th Meeting of the Conference, November 6 7, / 6th Meeting of the Ministerial Monitoring Committee, February 1 15, 199. 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 1, 199. The Conference also decided to allow any additional production from Kuwait. 18/ 9th Meeting of the Ministerial Monitoring Committee, September 16 17, 199. Reaffirmed to allow for any additional production from Kuwait. 19/ 9nd Meeting of the OPEC Conference, November 5 7, 199, with full support of Member Countries, except Iraq and the allowance of additional volumes to Kuwait as they become available during the 1Q93. / 1th 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 1, 1993, with full support of Member Countries, except Iraq and Kuwait. 8

11 Table 1.1 S u m m a r y OPEC crude oil production allocations (1, b/d) Jan 98 Apr 98 Jul 98 Apr 99 Apr Jul Oct 1, Oct 31, Feb 1 Apr 1 Mar 98 Jun 98 Mar 99 Mar Jun Sep Oct 3, Jan 1 Mar 1 Aug 1 3/ 4/ 5/ 6/ 7/ 8/ 9/ 3/ 31/ 3/ IR Iran 3, ,318 3,359 3,77 3,844 3,917 3,698 3,55 Iraq 1,314 Kuwait, ,98 1,836 1,98,37,11,141,1 1,941 Libya 1,5 8 1,33 1,7 1,33 1,361 1,44 1,431 1,35 1,96 Nigeria,4 15,33 1,885,33,91,157,198,75 1,993 Qatar Saudi Arabia 8, ,3 7,438 8,3 8,53 8,51 8,674 8,189 7,865 United Arab Emirates,366 15,157,,157,19,89,333,1,113 Venezuela,583,845,7,845,96 3,19 3,77,9,786 OPEC 6,44 OPEC excl Iraq 1,175 3,17 1,789 19,789 ## 4,83 4,841 5,315 3,894,946 Target 4,43 Sep 1 Dec 1 Jan Dec Jan 3 Feb 3 May 3 Jun 3 Oct 3 Nov 3 Mar 4 Apr 4 Jun 4 Jul 4 Aug 4 Nov 1, 4 Oct 4 Mar 16, 5 33/ 34/ 35/ 36/ 37/ 38/ 39/ 4/ 41/ 4/ IR Iran 3,46 3,186 3,377 3,597 3,79 3,597 3,45 3,744 3,817 3,964 Iraq Kuwait 1,861 1,741 1,845 1,966,38 1,966 1,886,46,87,167 Libya 1,4 1,16 1,3 1,31 1,36 1,31 1,58 1,365 1,39 1,446 Nigeria 1,911 1,787 1,894,18,9,18 1,936,11,14,4 Qatar Saudi Arabia 7,541 7,53 7,476 7,963 8,56 7,963 7,638 8,88 8,45 8,775 United Arab Emirates,5 1,894,7,138,17,138,51,5,69,356 Venezuela,67,497,647,819,93,819,74,934,99 3,17 OPEC excl Iraq 1,998,575 1,89 3,3 4,83 3,3,8 4,178 4,653 5,61 1/ 94th (Extraordinary) Meeting of the OPEC Conference, September 5 9, 1993, with full support of Member Countries, except Iraq. Maintained at the 1th Meeting of the Ministerial Monitoring Committee, March 5 6, 1994, with full support of Member Countries, except Iraq. Maintained at the 97th, 98th and 99th Meeting of the OPEC Conference, November 1, 1994, June 19, 1995, and November 1, 1995, respectively. / 1th Meeting of the OPEC Conference, June 5 7, The remaining volume of 1.m b/d is to be supplied by Iraq. Rollover of the agreement at the 11st and the 1nd Meeting of the OPEC Conference, November 7 8, 1996, and June 5 6, 1997, respectively. 3/ 13rd Meeting of the OPEC Conference, November 6 December 1, The remaining volume of 1,314,8 b/d is to be supplied by Iraq. 4/ 14th Meeting (Extraordinary) of the OPEC Conference, March 3, 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. 5/ 15th Meeting of the OPEC Conference, June 4, Iraq is not called upon to participate in this agreement. 6/ 17th Meeting of the OPEC Conference, March 3, Reaffirmed strong commitment to the agreement at the 18th Meeting of the OPEC Conference, September, Iraq is not called upon to participate in this agreement. 7/ 19th Meeting of the OPEC Conference, March 7 9,. Agreement of OPEC Member Countries excluding IR Iran and Iraq. 8/ 11th (Extraordinary) Meeting of the OPEC Conference, June 1,. Iraq is not called upon to participate in this agreement. 9/ 111th Meeting of the OPEC Conference, September 1 11,. Iraq is not called upon to participate in this agreement. 3/ 111th Meeting of the OPEC Conference, September 1 11, ; including additional 5, b/d (price band mechanism) as announced by the OPEC President on October 3,, and effective from October 31,. Iraq is not called upon to participate in this agreement. 31/ 113th (Extraordinary) Meeting of the OPEC Conference, January 17, 1. Iraq is not called upon to participate in this agreement. 3/ 114th Meeting of the OPEC Conference, March 16 17, 1. Retained at the 115th (Extraordinary) and 116th (Extraordinary) Meeting of the OPEC Conference, June 5 and July 3, 1, respectively. Iraq is not called upon to participate in this agreement. 33/ OPEC Conference, July 5, 1. Retained at the 117th Meeting of the OPEC Conference, September 6 7, 1. Iraq is not called upon to participate in this agreement. 34/ Announced during the 118th (Extraordinary) Meeting of the OPEC Conference, November 14, 1, and confirmed its implementation during the Consultative Meeting of the OPEC Conference in Cairo, December 8, 1. Retained at the 119th (Extraordinary), 1th (Extraordinary) and 11st Meeting of the OPEC Conference, March 15, June 6 and September 19,, respectively. Iraq is not called upon to participate in this agreement. 35/ 1th (Extraordinary) Meeting of the OPEC Conference, December 1,. Iraq is not called upon to participate in this agreement. 36/ 13rd (Extraordinary) Meeting of the OPEC Conference, January 1, 3. Retained at the 14th Meeting of the OPEC Conference, March 11, 3. Iraq is not called upon to participate in this agreement. 37/ Consultative Meeting of the OPEC Conference, April 4, 3. Retained at the 15th (Extraordinary) and 16th (Extraordinary) Meeting of the OPEC Conference, June 11 and July 31, 3, respectively. Iraq is not called upon to participate in this agreement. 38/ 17th Meeting of the OPEC Conference, September 4, 3. Retained at the 18th (Extraordinary) and 19th (Extraordinary) Meeting of the OPEC Conference, December 4, 3, and February 1, 4, respectively. Iraq is not called upon to participate in this agreement. 39/ 19th (Extraordinary) Meeting of the OPEC Conference, February 1, 4. Reconfirmed at the 13th Meeting of the OPEC Conference, March 31, 4. Iraq is not called upon to participate in this agreement. 4/ 131st (Extraordinary) Meeting of the OPEC Conference, June 3, 4. Iraq is not called upon to participate in this agreement. 41/ 131st (Extraordinary) Meeting of the OPEC Conference, June 3, 4. Iraq is not called upon to participate in this agreement. 4/ 13nd Meeting of the OPEC Conference, September 15, 4. Iraq is not called upon to participate in this agreement. During the 133rd (Extraordinary) Meeting of the OPEC Conference, December 1, 4, Member Countries agreed to collectively reduce the over production by 1m b/d from their current actual output, effective January 1, 5. Agreement of 13nd Meeting is retained at the 134th (Extraordinary) Meeting of the OPEC Conference, January 3, 5. 9

12 Table 1.1 S u m m a r y OPEC crude oil production allocations (1, b/d) Mar 17, 5 Jun 3, 5 Jul 5 Oct 6 Nov 6 Jan 7 Feb 7 Oct 7 Nov 7 Dec 7 Jan 8 Sep 8 Oct 8 Nov 8 Dec 8 Jan 9 43/ 44/ 45/ 46/ 47/ 48/ 49/ 5/ 51/ na na na 71 na Angola na na 99 na Ecuador na na 7 na IR Iran 4,37 4, na na na 199 na Iraq Kuwait,7, na na na 13 na Libya 1,473 1,5 7 3 na na na 89 na Nigeria,65, na na na 113 na Qatar na na na 43 na Saudi Arabia 8,937 9, na na na 466 na United Arab Emirates,4, na na na 134 na Venezuela 3,165 3, na na na 19 na OPEC excl Iraq 6,75 6,549 OPEC excl Angola, Ecuador and Iraq 1, ** 1,5 Target OPEC excl Angola, Ecuador and Iraq 6,3 ** 5,8 ** 7,53 ** Target OPEC excl Iraq 9,673 ** 8,88 7,38 4,845 43/ 135th Meeting of the OPEC Conference, March 16, 5. 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 5, 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, 5. 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 5, b/d increase until its next Meeting, if prices remain at current high levels or continue to further rise. The 137th OPEC Conference, September, 5, agreed to make available to the market the spare capacity of m b/d, should it be called for, for a period of three months, starting October 1, 5. The 138th (December 1, 5), the 139th (Extraordinary, January 31, 6), the 14th (March 8, 6) and the 141st (Extraordinary, June 1, 6) Conference retained the OPEC production level as agreed on June 15, 5. 45/ Consultative Meeting of the OPEC Conference, October 19, 6. Data reflect interim production cuts from OPEC excluding Iraq production in September 6. Iraq is not called upon to participate in this agreement. 46/ 143rd (Extraordinary) Meeting of the OPEC Conference, December 14, 6. Data reflect a further production cut to the decision taken in Doha, October Iraq is not called upon to participate in this agreement. 47/ 145th Meeting of the OPEC Conference, September 11, 7. Angola and Iraq are not called upon to participate in this agreement. Data reflect production increase of 5, b/d for OPEC (excluding Angola and Iraq) to achieve 7.53m b/d. 48/ 146th (Extraordinary) Meeting of the OPEC Conference, December 5, 7. Iraq is not called upon to participate in the agreement. 49/ 149th Meeting of the OPEC Conference, September 9 1, 8: The Conference agreed to abide to September 7 production allocations (adjusted to include new Members Angola and Ecuador and excluding Indonesia and Iraq), totalling to 8.8m b/d. Indonesia suspended its full Membership in the Organization. 5/ 15th (Extraordinary) Meeting of the OPEC Conference, October 4, 8. Data reflect a production cut of 1.5m b/d to achieve 7.31m b/d. Iraq is not called upon to participate in the agreement. 51/ The 151th (Extraordinary) Meeting of the Conference, December 17, 8 agreed to reduce OPEC excluding Iraq production by total of 4.m b/d from September levels of the actual production based on secondary sources. Iraq is not called upon to participate in the agreement. 1

13 Table 1. S u m m a r y OPEC Members facts and figures, 1 Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela OPEC Population million inhabitants Land area 1, sq km,38 1, , , , ,859 GDP per capita dollars 4,488 4,478 3,984 4,741 3,881 36,8 11,314 1,13 75,643 16,996 56,81 1,3 5,688 GDP at market prices billion $ ,34.91 Value of exports billion $ ,14.71 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 4, ,9 3,158 1,784 1,495 5,11 5,1 8,16 6,91 5,55 94,9 Crude oil production 1, b/d 1,19 1, ,544,358,31 1,487, ,166,34,854 9,183 Natural gas marketed production billion cu m Refinery capacity 1, b/cd , , ,819 Consumption of petroleum products 1, b/d , , ,9 Crude oil exports 1, b/d 79 1,683 34,583 1,89 1,43 1,118, ,644,13 1,56 3,11 Exports of petroleum products 1, b/d ,639.8 Natural gas exports billion cu m Exchange rate national currency/$ ,54. 1, Notes: Totals may not add up due to independent rounding. 11

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15 Section Macro-economics 13

16 Table.1 Macro-economics OPEC Members mid-year population (1, inhabitants) ,481 34,96 34,591 35,68 36,3 Angola 17,89 17,555 18,1 18,498 19,53 Ecuador 13,48 13,65 13,85 14,5 14,37 IR Iran 7,473 71,66 7,871 74,1 75,35 Iraq 8,81 9,68 3,578 31,496 3,441 Kuwait 3,183 3,4 3,44 3,485 3,566 Libya 6,45 6,169 6,94 6,4 6,561 Nigeria 144,73 147,7 151,1 154,79 159,638 Qatar 1,4 1,6 1,448 1,639 1,7 Saudi Arabia 3,679 4,43 4,87 5,374 6,16 United Arab Emirates 4,33 4,364 4,485 4,599 4,737 Venezuela 7,31 7,483 7,935 8,384 8,951 OPEC 37, ,7 389, ,356 48,71 Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series..1.1major oil companies crude and NGL production (1, Graph b/d).1: OPEC Members mid-year population (1, inhabitants) Major oil companies crude and NGL production 45, (1, b/d) 45, 4, 4, 35, 35, 3,,5,.3,5,,,,, 1,5, 3, 5,, 1,5, 5, 1,,, 15, 15, 1, 1,, 5, 1, 5, 5, 5, Angola Ecuador IR Iran Iraq Kuwait Angola Ecuador IR Libya Nigeria Qatar Saudi Arabia UAE Venezuela Libya Nigeria Qatar S Angola Ecuador IR Iran Iraq Kuwait Angola Ecuador IR Ira Libya Nigeria Qatar Saudi Arabia UAE Venezuela Libya Nigeria Qatar Saud.. Graph.: Population as a share of total OPEC, 1 (per cent) OPEC Member Countries' Values of Exports, US$ Mln (197-1) OPEC Member Countries' Values of Exports, US$ Mln (197-1) Angola Ecuador Angola IR Iran Ecuador Iraq IR Iran Kuwait IraqLibya Kuwait Nigeria Libya Qatar Saudi Nigeria Arabia QatarUAE Saudi Arabia Venezuela UAE Venezuela OPEC Members' Values of Petroleum Exports, US$ Mln (196-9) 14 1,, OPEC Members' Values of Petroleum Exports, US$ Mln (196-9).3 G.4 G.4 Angola Ecuador Angola IR Iran Ecuador Iraq IR Iran Kuwait IraqLibya Kuwait Nigeria Libya Qatar Saudi Nigeria Arabia QatarUAE Saudi Arabia Venezuela UAE Venezuela OPEC Member Countries' Values of Impo.9 OPEC Member Countries' Values of Imports

17 Table. Macro-economics OPEC Members GDP at current market prices (m $) ,17 134, , ,916 16,915 Angola 41,794 6,449 84,178 75,58 85,31 Ecuador 41,763 45,789 54,686 5, 56,998 IR Iran,18 85,93 33,595 31, ,1 Iraq 64,85 86,15 19, ,579 15,899 Kuwait 11, , ,893 19, ,315 Libya 56,479 71,65 88,888 6,39 74,3 Nigeria 144,31 181,581 4, , ,666 Qatar 6,496 8,751 11,71 98,313 18,593 Saudi Arabia 356, , ,35 375, ,691 United Arab Emirates 175, 6,46 54,394 48,95 69,14 Venezuela 183,683 6, ,479 36,498 95,961 OPEC 1,565,53 1,879,658,365,778,9,93,34,98 Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series. de and NGL production mpanies crude and NGL production,5,.3 Graph.3: OPEC Members GDP at current market prices (m $).3,5,,, 1,4 1, 4,, 1, 1,5, 1,5, 8 1,, 6 1,, 5, 5, a 197 Ecuador 1975 IR 198 Iran Iraq 1995Kuwait Angola 1975 Ecuador IR Iran 199 Iraq 1995 Kuwait 5 Qatar Saudi Arabia UAE Venezuela Libya Nigeria Qatar Saudi Arabia Angola Ecuador IR Iran Iraq Kuwait UAE Venezuela Angola Ecuador IR Iran Iraq Kuwait Nigeria Qatar Saudi Arabia UAE Venezuela Libya Nigeria Qatar Saudi Arabia UAE Venezue ies' Values of Exports, US$ Mln (197-1) mber Countries' Values of Exports, US$ Mln (197-1) Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela G.4 Graph.4: GDP at current market prices as a share of G.4 total OPEC, 1 (per cent) Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela Saud Ve s of Petroleum Exports, US$ Mln (196-9).9 OPEC Member Countries' Values of Imports, US$ Mln (197-9)) 15 mbers' Values of Petroleum Exports, US$ Mln (196-9).9 OPEC Member Countries' Values of Imports, US$ Mln (197-9))

18 Table.3 Macro-economics OPEC Members values of exports (m $) ,79 6,917 79,147 45, 57,8 Angola 31,84 43,45 7,179 4,8 49,59 Ecuador 1,78 14,31 18,511 13,799 17,369 IR Iran 76,19 97,668 11,89 84,718 83,785 Iraq 3,59 39,516 63,76 44,75 5,84 Kuwait 55,996 6,498 87,47 51,678 65,984 Libya 39,375 43,571 61,766 37,55 46,31 Nigeria 57,79 66,969 88,336 5,79 7,579 Qatar 33,67 41,491 54,91 48,36 7,54 Saudi Arabia 11,4 33, ,46 19,96 35,34 United Arab Emirates 145, ,66 39,18 19, ,36 Venezuela 65,578 69,1 95,138 57,595 65,786 OPEC 814, ,193 1,75,7 859,898 1,14,714 Notes: Revisions have been made throughout the time series. Totals may not add up due to independent rounding. 1 uwait 1 t nezuela uela Graph.5.5: OPEC Members values of exports (m $).5 1,4, 1,4, 1,, 1,, 1,, 1,, 8, 8, 6, 6, 4, 4,,, Angola 1985 Ecuador 199 IR 1995 Iran Iraq5 Kuwait 1 Libya Angola Nigeria Ecuador Qatar IR Iran Saudi Arabia Iraq UAE Kuwait Venezuela Libya Nigeria Qatar Saudi Arabia UAE Venezuela Angola Angola Ecuador Ecuador IR Iran IR Iran Iraq Iraq Kuwait KuwaitLibya Libya Nigeria NigeriaQatar Saudi Qatar Arabia Saudi Arabia UAE Venezuela UAE Venezuela.6 Graph.6: Values of exports as a share of total OPEC, 1 (per cent)

19 .1.1 Major oil companies Major oil companies crude and NGL crude production and NGL production (1, b/d) (1, b/d) Table , 45,,5, Macro-economics 4, 4, 35,,, 35, OPEC Members 3, values of petroleum exports (m $) 3, 1,5, 5, 1 5,,, ,, 15, 15, 38,93 44,5 53,67 3,59 38,3 1 1, Angola 1, 9,131 41,34 69,5 38,357 47,39 5, 5, Ecuador 5, 7,545 8,39 11,643 6,965 9,649 IR Iran , , , , , Iraq 3,465 Angola Ecuador Angola 39,433 IR Iran Ecuador 61,111 IR Iran Iraq 41,668 Kuwait 51,147 Iraq Kuwait A Libya Nigeria Kuwait Libya Qatar Saudi Arabia 53,16 Nigeria 59,16 Qatar8,656 Saudi UAE Arabia Venezuela 46,618 UAE61,667Venezuela L.. Libya 37,75 41,87 56,954 3,897 41,874 Nigeria OPEC Member 54,67 51,17 74,33 43,63 61,84 OPEC Countries' Member Values Countries' of Exports, Values US$ of Exports, Mln (197-1) US$ Mln (197-1) Qatar 18,74,817 8,156 19,134 9,78 Angola Saudi Arabia Angola Angola Ecuador 19,468 5,45 8, ,47 196,193 Ecuador Ecuador IR Iran United Arab Emirates IR Iran IR Iran Iraq 7,1 73,816 1,73 57,531 74,7 Iraq Iraq Kuwait Venezuela Kuwait Kuwait Libya 47,795 51,664 89,18 54,1 6,317 Libya Libya Nigeria OPEC Nigeria Nigeria Qatar 635,61 75,37 996,93 585, ,66 Qatar Qatar Saudi Arabia Saudi Arabia Saudi Arabia UAE Sau Notes: Totals may not add up due UAE to independent rounding. Where applicable, petroleum product exports are included. UAE Venezuela Data for some countries may Venezuela include condensates as well as other NGLs. Iraq data excludes border trades. Some Venezuela Ve countries import substantial amounts 5 of crude 1 and products, 15 resulting in lower 5 net revenue 3 from 35petroleum 4operations G.7.7 OPEC Members' OPEC Values Members' of Petroleum Values of Exports, Petroleum US$ Exports, Mln (196-9) US$ Mln (196-9) 1,, 1,, Graph.7: OPEC Members values of petroleum exports (m $) 7, 1,, 1,, 6, 8, 6, 4,, 8, 6, 4,, 5, 4, 3,, 1, Angola Ecuador IR Iran Angola Ecuador IR Iran Iraq Kuwait Iraq Kuwait Libya Nigeria Libya Qatar Saudi Arabia Nigeria Qatar Saudi UAE Arabia Venezuela UAE Venezuel Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela.8 Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela Graph.8: Values of petroleum exports as a share of.8 total OPEC, 1 (per cent) Angola Ecuador IR Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia S UAE Venezuela 17

20 .3.3,5, Table.5 1,4,,5, Macro-economics 1,4,,, 1,,,, 1,, 1,, 1,5, OPEC Members values of imports (m $) 1,, 1,5, 8, 8, 1,, 6, 1,, , 1,456 7,631 39,181 39,94 4,14, 5, 4, Angola 5, 8,778 13,66,98,66 4,96,, Ecuador 1,114 13,893 18,685 15,93 19, IR Iran 49,646 57,843 69,7 58,565 58,565 uwait Angola Ecuador IR Iran Iraq Kuwait Kuwait Angola Ecuador enezuela Iraq Libya Nigeria Angola,9 Qatar Ecuador 19,556 Saudi IR Iran Arabia35,496UAE Iraq 38,437 Venezuela Kuwait 44,3 Libya Nigeria Angola Qatar Ecuador Venezuela Libya Nigeria Qatar Saudi Arabia UAE Venezuela Kuwait 17,8 1,319 4,866,336,43 Libya Nigeria Qatar Libya 1,97 1,979 19,76 1,168 4,647 G.4 Nigeria 1,988 8,91 39,844 3,76 4,76 G.4 Angola Qatar Angola Ecuador Angola 16,441 3,43 5,135,45,937 Ecuador IR Iran Angola Ecuador Saudi IR Iran Iraq Ecuador Arabia 69,77 9, ,134 95,567 13,651 IR Iran Iraq Kuwait IR Iran Iraq United Kuwait Libya IraqArab Emirates 1,43 15,13,3 17,497 18,76 Kuwait Libya Nigeria Kuwait Libya Venezuela Nigeria 33,583 46,31 49,48 38,44 38,613 Qatar Libya Nigeria Qatar Saudi Arabia Nigeria Qatar Saudi OPEC Arabia 383,9 54, ,531 57, ,63 UAE Qatar Saudi Arabia UAE Venezuela Saudi Arabia UAE Venezuela UAE Venezuela Notes: Totals may not add up due to independent rounding. Revisions have been made throughout the time series. All 5 1 Venezuela figures cif Graph.9: OPEC Members values of imports (m $) OPEC Member Countries' Values of Imports, US$ Mln (197-9)) OPEC Member Countries' Values of Imports, US$ Mln (197-9)) 7, 7, 6, 6, 5, 5, 4, 4, 3, 3,,, 1, 1, Kuwait Venezuela Kuwait Angola Ecuador IR Iran Iraq Kuwait Venezuela Libya Nigeria Angola Qatar Ecuador Saudi IR Iran Arabia UAE Iraq Venezuela Kuwait Libya Nigeria Qatar Saudi Arabia UAE Venezuela.1 Graph.1: Values of imports as a share of total.1 OPEC, 1 (per cent) Angola Ecuador Angola Ecuador IR Iran IR Iraq Iran Kuwait Iraq Kuwait Libya Nigeria Libya Nigeria Qatar Saudi Arabia Qatar Saudi Arabia UAE Venezuela UAE Venezuela , 5, 4, 4, 3, 3,,, 1, 1, 1, 1, , 1, 1, 1, 8, 8, 6, 6, 4, 4,,,,, Angola AngolaEcuador EcuadorIR Iran IR Ira

21 1,4, 1,, 1,4,.5.5 Table.6 Macro-economics IR Iran Iraq Kuwait 99 Saudi 1995 Arabia UAE 5Venezuela 1 IR Iran Iraq Kuwait Saudi Arabia UAE Venezuela f Imports, US$ Mln (197-9)) Imports, US$ Mln (197-9)) ador IR Iran Iraq Kuwait r 199 Saudi 1995 Arabia UAE 5Venezuela 1 or IR Iran Iraq Kuwait Saudi Arabia UAE Venezuela ,, 1,, 8, 1,, 6, 8, Estimated current account balances in OPEC Members (m $) , 8,95 3,64 34, ,14 6, Angola 11,473 9,518 7, 7,538 1,495, 4, Ecuador 1,618 1,65 1,1 36 1,36, IR Iran , , ,987 13, ,561 Iraq Angola7,96Ecuador 19,99 IR Iran 3,344 Iraq 1,71 Kuwait 6,9 197 Libya Nigeria 1985Qatar 199 Saudi 1995 Arabia UAE 5Venezuela 1 Kuwait 45,413 41,313 6,97 8,67 43,141 Angola Ecuador IR Iran Iraq Kuwait Libya Libya Nigeria,17 Qatar 8,51 Saudi Arabia35,7UAE 9,381 Venezuela 16,158.6 Nigeria 34,174 31,94 31,84 3,14 7,83 Angola.6 QatarEcuador 9,459 1,446 14,199 6,688 1,41 IR Iran Saudi Angola Arabia Iraq 98,934 93,39 13,3,765 38,79 Ecuador Kuwait United IR Arab Iran LibyaEmirates 36,4 19,545,155 8,7 3,73 Nigeria Iraq Venezuela Kuwait Qatar 6,46 18,63 37,39 8,561 14,378 Saudi Libya Arabia OPECNigeria UAE 34, , ,15 114,858 5,648 Venezuela Qatar Saudi Arabia Notes: Totals UAE may not add up due 5to independent 1rounding. Revisions 15 have been made throughout 5the time series. Venezuela ,.11 Graph.11: Estimated.11 current account balances in total OPEC (m $) 4, 5, 3, 4,, 3, 1,, 1, 1, , 1, 1, 1, 8, 1, 6, 8, 4, 6,, 4,,,, Graph.1: Estimated current account balances in OPEC Members (m $) Angola Ecuador Angola IR Iran Ecuador IR Iran Iraq Kuwait Iraq Kuwait Libya Libya Nigeria Qatar Nigeria Saudi Arabia Qatar UAE Saudi Arabia Venezuela UAE Venezuela

22 Table.7 Macro-economics Annual average exchange rates for OPEC Members (units of national currency/$) % change 1/ Angola Ecuador IR Iran 9, , , , , Iraq 1, , , ,17. 1,17. Kuwait Libya Nigeria Qatar Saudi Arabia United Arab Emirates Venezuela Notes: Conversions to the US dollar are based on average annual market exchange rates; otherwise, official rates are applied. On January 1, 8, the new Venezuelan bolivar (VEF), equivalent to 1, old bolivares (VEB), was introduced. In January 1, a fixed dual exchange rate system for the bolivar was announced. The system offers a.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.

23 Section 3 Oil and gas data 1

24 Table 3.1 Oil and gas data World proven crude oil reserves by country (m b) % change 1/9 North America 6,699 5,87 6,17 4,1 4,1 Canada 1 4,94 4,9 4,9 4,9 4,9 United States 1,757,97 1,317 19,11 19,11 Latin America 14,56 137,41 1,1 48,8 334, Argentina,468,587,616,5,55.6 Brazil 1,18 1,64 1,64 1,8 1,857.4 Colombia 1,59 1,51 1,51 1,36 1,36.1 Ecuador 5,18 6,368 6,511 6,511 7,6 1.7 Mexico 1,85 1,187 11,866 11,69 11,69 Venezuela 87,34 99,377 17,33 11,173 96, Others,743,768,76,76,76 Eastern Europe 18,85 18,981 18,598 18,959 18,959 Azerbaijan 7, 7, 7, 7, 7, Belarus Kazakhstan 39,88 39,88 39,88 39,8 39,8 Russia 79,36 79,43 79,49 79,43 79,43 Turkmenistan Ukraine Uzbekistan Others Western Europe 15,369 15,6 14,118 13,58 13,53.4 Denmark 1,157 1,113 1,113 1, Norway 8,548 8,168 7,491 7,78 7,78 United Kingdom 3,593 3,593 3,39 3,4 3,4 Others,71,13,14,44,4 9.7 Middle East 754,616 75,619 75,58 75,8 794, IR Iran 138,4 136,15 137,6 137,1 151, Iraq 115, 115, 115, 115, 143,1 4.4 Kuwait 11,5 11,5 11,5 11,5 11,5 Oman 5,57 5,57 5,57 5,5 5,5 Qatar 6,185 5,9 5,45 5,38 5,38 Saudi Arabia 64,51 64,9 64,63 64,59 64,516 Syrian Arab Republic 3,,5,5,5,5 United Arab Emirates 97,8 97,8 97,8 97,8 97,8 Others,98,798,798,798,798 Africa 118,794 11,348 1,311 14,47 16, , 1, 1, 1, 1, Angola 9,33 9,5 9,5 9,5 9,5 Egypt 3,7 4,7 4,34 4,3 4,4.3 Gabon 1,995 1,995 1,995,, Libya 41,464 43,663 44,71 46,4 47, Nigeria 37, 37, 37, 37, 37, Sudan 6,615 6,7 6,7 6,7 6,7 Others 6,7 6, 6,15 6,15 7, Asia and Pacific 4,964 4,3 4,78 44,46 44,56. Brunei 1, 1, 1, 1,1 1,1 China 15,615 15,493 15,493 18, 18, India 5,693 5,459 5,459 5,8 5,8.3 Indonesia 4,37 3,99 3,99 3,99 3,99 Malaysia 5,357 5,357 5,357 5,5 5,5 Vietnam 3,5 3,41 3,41 4,7 4,7 Australia 4,158 4,158 4,158 4,158 4,158 Others 1,31 1,156 1,11 1,178 1, Total world 1,9,55 1,19,47 1,93,99 1,336,315 1,467,1 9.8 of which OPEC 935, ,58 1,3,393 1,64,88 1,193, OPEC percentage OECD 59,176 57,36 56,447 53,553 53,566 FSU 18, 18,146 17,763 18,118 18,118 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.

25 Table 3. Oil and gas data World proven natural gas reserves by country (billion standard cu m) % change 1/9 North America 7,599 8,36 9,168 9,168 8, Canada 1,6 1,63 1,7 1,7 1,685.9 United States 5,977 6,73 7,468 7,468 7, Latin America 7,64 7,768 8,17 8,65 8, Argentina Bolivia Brazil Chile Colombia Ecuador Mexico Peru Trinidad & Tobago Venezuela 4,78 4,838 4,983 5,65 5, Others Eastern Europe 54,588 54,65 55,6 6,487 61, Armenia Azerbaijan 1,75 1,85 1,35 1,359 1, Kazakhstan 1,9 1,9 1,91 1,95 1,95 Poland Romania Russia 44,855 44,9 44,9 44,9 46,.4 Turkmenistan,68,68 3, 8,4 8,34.7 Ukraine 1,3 1,3 1, 1, 99.9 Uzbekistan 1,755 1,755 1,745 1,745 1, Others Western Europe 5,54 5,344 5,9 5,46 5, Denmark Germany Italy Netherlands 1,316 1,66 1,36 1, 1,47. Norway 3,,961,985,985, United Kingdom Others Middle East 7,35 73,643 75,89 75,54 78, IR Iran 6,85 8,8 9,61 9,61 33, Iraq 3,17 3,17 3,17 3,17 3,158.4 Kuwait 1,78 1,784 1,784 1,784 1,784 Oman Qatar 5,636 5,636 5,466 5,366 5,1.7 Saudi Arabia 7,154 7,35 7,57 7,9 8,16 1. United Arab Emirates 6,4 6,7 6,91 6,91 6,91 Others Africa 14,317 14,68 14,735 14,78 14, ,54 4,54 4,54 4,54 4,54 Angola Cameroon Congo Egypt 1,985,6,17,17,185.7 Libya 1,4 1,54 1,54 1,549 1, Nigeria 5,7 5,9 5,9 5,9 5, Others Asia and Pacific 14,543 15,18 15,394 16,45 15, Bangladesh Brunei China,4,63,66 3,9, India 1,75 1,55 1,65 1,65 1, Indonesia,659 3, 3,1 3,8, Malaysia,48,475,475,35,36.5 Myanmar Pakistan Thailand Vietnam Australia,485,51,6 3,145 3,5.5 Others Total world 176,49 179,554 18,91 189,71 19, of which OPEC 86,748 88,5 9,9 9,669 94,9 4. OPEC share OECD 16, 16,87 17,656 18,16 17, FSU 53,76 53,814 54,169 59,64 6, Notes: Figures as at year-end. Totals may not add up due to independent rounding. Revisions have been made throughout the time series. 3

26 Oil and gas data billion barrels % 1,6 85 billion barrels 1,4 billion barrels % % 1,6 billion barrels ,6 1, Graph 3.1: World proven crude oil reserves (bn b) 85 % 1,4 1,4 1,6 1, , 1, 1, , 8 1, 1, , Graph 3. World Proven 8 Natural Gas reserves 9 1 1, billion standard cu m % Graph 3. World Proven Natural Gas reserves Graph 3. World Proven Natural Gas reserves 1, billion standard cu m 1, billion standard cu m Graph 3.: World Graph proven 3. World natural Proven Natural gas reserves Gas reserves (1, bn cu m) % % 16 1, billion standard cu m % Graph 3.3 OPEC MCs Proven Crude Oil Reserves North America Latin America North Eastern America Europe North America Latin Western America Europe Latin North America Eastern Middle East Europe Eastern Latin America Europe Western Africa Europe Western Eastern Europe Middle Asia and East Pacific Middle Western East Europe Africa OPEC share Africa Middle East Asia and Pacific Asia Africaand Pacific OPEC share Asia OPEC and share Pacific OPEC share North America Latin America North Eastern America Europe North America Latin Western America Europe Latin North America Eastern Middle East Europe Eastern Latin America Europe Western Africa Europe Western Eastern Europe Middle Asia and East Pacific Middle Western East Europe Africa OPEC share Africa Middle East Asia and Pacific Asia Africaand Pacific OPEC share Asia OPEC and share Pacific OPEC share North America Latin America Eastern North America Europe North America Western Latin America Europe North Latin America Eastern Middle Europe East Eastern Latin America Europe Western Europe Africa Western Eastern Europe Asia Middle and Pacific East Western OPEC Middle share Europe East Africa Middle Africa East Asia and Pacific Asia and Pacific Africa OPEC share Asia OPEC and share Pacific OPEC share North America Latin America Eastern North America Europe North America Western Latin America Europe North Latin America Eastern Middle Europe East Eastern Latin America Europe Western Europe Africa Western Eastern Europe Asia Middle and Pacific East Western OPEC Middle share Europe East Africa Middle Africa East Asia and Pacific Asia and Pacific Africa OPEC share Asia OPEC and share Pacific OPEC share lion barrels 1, 4 Graph 3.3 OPEC MCs Proven Crude Oil Reserves Graph : OPEC OPEC MCs Proven Members Crude Oil Reserves proven crude oil reserves (bn b) 1, 1, 1, Graph 3.3 OPEC MCs Proven Crude Oil Reserves 8 1, 1, 1, 6 1, Graph 3.4 OPEC MCs Proven Gas Reserves Graph 3.4: OPEC Members proven 1 billion natural standard gas Cum reserves (1, bn standard cu m) 1 Graph 3.4 OPEC MCs Proven Gas Reserves 9 Graph 3.4 OPEC MCs Proven Gas Reserves 1 billion standard Cum 1 billion standard Cum 1 8 Graph 3.4 OPEC MCs Proven Gas Reserves 1 1 billion standard Cum Angola Angola Ecuador Ecuador IR Iran Angola IR Iran Iraq Angola Angola Ecuador Angola Iraq Ecuador Kuwait Ecuador IR Angola Iran Ecuador Kuwait IR Angola Ecuador Libya Iran IR Iran Iraq Ecuador IR Libya IR Iraq Nigeria Iran Iraq Kuwait Iran Nigeria IR Iran Iraq Iraq Kuwait Qatar Kuwait Libya Kuwait Qatar Libya Iraq Kuwait Saudi Arabia Libya Nigeria Saudi Kuwait Arabia Nigeria United Arab Emirates Nigeria Libya Libya Qatar United Arab Emirates Nigeria Libya Nigeria Qatar Venezuela Qatar Saudi Arabia Venezuela Nigeria Qatar Qatar Saudi Arabia Saudi Arabia United Arab Emirates Saudi Arabia United Qatar Saudi Arabia Emirates United Arab Emirates Venezuela United Arab Venezuela Saudi Emirates Arabia United Arab Emirates Venezuela United Arab Venezuela Emirates Venezuela Venezuela Angola Ecuador IR Iran Angola Angola Angola Iraq Ecuador Ecuador Ecuador Kuwait IR Angola Iran IR Iran Ecuador IR Libya Iran Iraq Iraq Angola Nigeria Angola IR Kuwait Iran Iraq Ecuador Ecuador Kuwait Kuwait Qatar Angola Libya Iraq IR Iran IR Ecuador Libya Iran Saudi Nigeria Kuwait Arabia Libya Iraq Nigeria IR Iraq Nigeria United Arab Emirates Kuwait Iran Libya Qatar Iraq Kuwait Qatar Venezuela Nigeria Qatar Libya Saudi Arabia Libya Kuwait Saudi Arabia Saudi Arabia Nigeria United Arab Emirates Qatar Nigeria United Arab Emirates United Arab Libya Saudi Emirates Qatar Venezuela Arabia Nigeria Qatar Venezuela United Arab Venezuela Saudi Arabia Emirates Qatar Saudi Arabia United Arab Emirates Venezuela United Saudi Arabia Emirates Venezuela Venezuela United Arab Emirates Venezuela barrels lion barrels lion lion barrels