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OPEC United Arab Emirates Total world Saudi Arabia 1985 Iraq Annual Statistical BulletinOPEC 1965 % 2010/2011 1975Edition Nigeria Qatar Algeria Iraq IR Iran 1968Total world Kuwait OPEC Libya 20001963 Total world Iraq OPEC % %m$ GDP b/d 2005OPEC dwtVenezuela miles 1963 Algeria 1995 OPEC 1963 Organization of the Petroleum Exporting Countries United Arab Emirates 1976 Saudi Arabia1971 Libya Total world 253 Note: Totals may not add up due to independent rounding. independent not add up due to may Totals Note: OPEC Africa 1, 901 950 2,226 565 Major OPEC flows of crude and refined oil 1 18 Venezuela Ecuador 864 92 OPEC Latin America 9 , 2 5 188 7 20 97 (1,000 b/d) 2 0 1 1 , 101 7 Nigeria Libya Angola Algeria Team for the preparation of the OPEC Annual Statistical Bulletin 2010/2011 648 Director, Research Division Editorial Team 2 Hasan M Qabazard Head, Public Relations and Information 473 Department OPEC Middle East Project Leader Angela Agoawike Head, Data Services Department Fuad A Al-Zayer Editor Alvino-Mario Fantini Coordinators Puguh Irawan, Ramadan Janan Design and Production Coordinator UAE IR Iran Kuwait Saudi Arabia Iraq Alaa Al-Saigh Qatar Statistical Team Hannes Windholz, Pantelis Christodoulides, Production Assistant Mouhamad Moudassir, Klaus Stöger, Harvir Kalirai, Diana Lavnick Sheela Kriz, Mohammad Sattar, Shahla Khonsari Web and CD Application Nabeel Al-Mojil, Zairul Arifin 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: [email protected]. 276 Advertising 469 The OPEC Annual Statistical Bulletin now accepts advertising. For details, please contact the Head, PR and Information Department at the following address: , 2 Organization of the Petroleum Exporting Countries 1 Helferstorferstrasse 17, A-1010 Vienna, Austria Tel: +43 1 211 12/0 392 Fax: +43 1 216 43 20 PR & Information Department fax: +43 1 21112/5081 Advertising: [email protected] Website: www.opec.org Photographs Page 5: Diana Golpashin. Pages 7, 13, 21, 63, 81, 93: Shutterstock. 253 © 2011 Organization of the Petroleum Exporting Countries ISSN 0475-0608 Contents Foreword 5 Tables Page 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 27 3.6 Daily and cumulative crude oil production in OPEC Members 28 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 1 Contents Section 5: Prices 81 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 Graphs Section 2: Macro-economics Graph 2.1: OPEC Members’ mid-year population 14 Graph 2.2: Population as share of total OPEC 14 Graph 2.3: OPEC Members’ GDP at current market prices 15 Graph 2.4: GDP at current market prices as a share of total OPEC 15 Graph 2.5: OPEC Members’ values of exports 16 Graph 2.6: Values of exports as a share of total OPEC 16 Graph 2.7: OPEC Members’ values of petroleum exports 17 Graph 2.8: Values of petroleum exports as a share of total OPEC 17 Graph 2.9: OPEC Members’ values of imports 18 Graph 2.10: Values of imports as a share of total OPEC 18 Graph 2.11: Estimated current account balances in total OPEC 19 Graph 2.12: Estimated current account balances in OPEC Members 19 Section 3: Oil and gas data Graph 3.1: World proven crude oil reserves 24 Graph 3.2: World proven natural gas reserves 24 Graph 3.3: OPEC Members’ proven crude oil reserves 24 Graph 3.4: OPEC Members’ proven natural gas reserves 24 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 3.10: World output of petroleum products 43 Graph 3.11: OPEC output of petroleum products 43 Graph 3.12: OPEC Members’ crude oil exports by destination 48 Graph 3.13: World crude oil exports by destination 50 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 52 Graph 3.19: Percentage share of OPEC crude oil exports 58 Graph 3.20: OPEC oil export revenues vs total exports 58 Graph 3.21: OPEC Members’ exports of crude and petroleum products 58 Graph 3.22: OPEC Members’ exports of petroleum products 58 2 Contents Section 4: Transportation Graph 4.1: World tanker fleet by age and categories 65 Graph 4.2: 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 70 Graph 4.6: Spot tanker freight costs 70 Section 5: Prices Graph 5.1: OPEC Reference Basket 82 Graph 5.2: 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=100 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 5.10: Composite barrel and its components 92 Section 6: Major oil companies Graph 6.1: Major oil companies’ revenues 98 Graph 6.2: 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 100 Country groupings 101 Economic organizations 102 Abbreviations 102 Oil companies 102 Sources 103 Conversion factors 104 Map Major OPEC flows of crude and refined oil inside back cover 3 Foreword HE Abdalla Salem El-Badri, OPEC Secretary General I am delighted to present the 46th edition of what has become one of OPEC’s most established publications — the Annual Statistical Bulletin (ASB).
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