Section 1: Summary
Table 1.1 OPEC crude oil production allocations 8
1.2 OPEC Members’ facts and figures 11 Section 2: Macro-economics 13
Table 2.1 OPEC Members’ mid-year population 14
2.2 OPEC Members’ GDP at current market prices 15
2.3 OPEC Members’ values of exports 16
2.4 OPEC Members’ values of petroleum exports 17
2.5 OPEC Members’ values of imports 18
2.6 Estimated current account balances in OPEC Members 19
2.7 Annual average exchange rates for OPEC Members 20 Section 3: Oil and gas data 21
Table 3.1 World proven crude oil reserves by country 22
3.2 World proven natural gas reserves by country 23
3.3 Active rigs in OPEC Members and in world 25
3.4 Wells completed in OPEC Members 26
3.5 Producing wells in OPEC Members 28
3.6 Daily and cumulative crude oil production in OPEC Members 29
3.7 World crude oil production by country 30
3.8 Natural gas production in OPEC Members 31
3.9 World marketed production of natural gas by country 33
3.10 Refinery capacity in OPEC Members by type and location 36
3.11 World refinery capacity by country 38
3.12 Charge refinery capacity in OPEC Members 39
3.13 Output of petroleum products by type in OPEC Members 40
3.14 World output of petroleum products by country 42
3.15 Consumption of petroleum products by type in OPEC Members 44
3.16 World consumption of petroleum products by country 46
3.17 OPEC Members crude oil exports by destination 47
3.18 World crude oil exports by country 49
3.19 OPEC Members petroleum products exports by destination 53
3.20 World exports of petroleum products by country 54
3.21 World exports of crude oil and petroleum products by country 55
3.22 World natural gas exports by country 56
3.23 World imports of crude oil by country 57
3.24 World imports of petroleum products by country 59
3.25 World imports of natural gas by country 60 Section 4: Transportation 63 Table 4.1 Tanker fleet development in OPEC Members 64
4.2 World tanker fleet by age 64
4.3 World liquid gas carrier fleet by size and type 66
4.4 Liquid gas carrier fleet in OPEC Members 66
4.5 World combined carrier fleet by size 67
4.6 Average spot freight rates for all routes 68
4.7 Freight costs in the spot market 69
4.8 Spot tanker freight rates for all sizes 70
4.9 Crude oil pipelines in OPEC Members 71
4.10 Gas pipelines in OPEC Members 75
4.11 Petroleum product pipelines in OPEC Members 78
Section 5: Prices
5.1 Spot OPEC Reference Basket prices 82
5.2 Spot crude oil prices 83
5.3 Crude oil prices in nominal and real terms 87
5.4 Spot prices of petroleum products in major markets 88
5.5 Retail prices of petroleum products in OPEC Members (national currency/b) 89
5.6 Retail prices of petroleum products in OPEC Members ($/b) 90
5.7 Composite barrel and its components in major consuming countries 91
Section 6: Major oil companies 93
6.1 Principal operations of the major oil companies 94
6.2 Revenues, operating costs, deductions, taxation and net income of the major oil companies 95
6.3 Costs, deductions, taxation and net income as percentage of revenues of the major oil companies 96
6.4 Capital and exploratory expenditure of the major oil companies 97