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OPEC Annual Statistical Bulletin 2014 2014 OPEC Annual Statistical Bulletin 2014 Bulletin Statistical Annual OPEC Annual Statistical Bulletin OPEC Helferstorferstrasse 17, A-1010 Vienna, Austria www.opec.org Organization of the Petroleum Exporting Countries Major OPEC flows of crude and refined oil (1,000 b/d) 2013 OPEC Ecuador Algeria Iraq Venezuela Nigeria Saudi Arabia th International Libya Kuwait Seminar Angola Qatar IR Iran UAE 2,042 Petroleum: An Engine for Global Development 1,305 112 1,291 206 3–4 June 2015 209 426 1,490 579 6 14,590 1,110 2,242 66 1,033 Hofburg Palace Team for the preparation of the OPEC Annual Statistical Bulletin Vienna, Austria Director, Research Division Editorial Team 13 Omar S Abdul-Hamid Head, Public Relations and Information Department Hasan A Hafidh Hamid 10 Project Leader Head, Data Services Department Editor Adedapo Odulaja Alvino-Mario Fantini Coordinators Design and Production Coordinator Hossein Hassani, Pantelis Christodoulides Carola Bayer Statistics Team Senior Production Assistant 468 Klaus Stöger, Harvir Kalirai, Mouhamad Moudassir, Diana Lavnick Mohammad Sattar, Anna Gredinger, Ksenia Gutman Graphic Designer Web and CD Application Tara Starnegg 70 Mohamed Mekerba, Zairul Arifin 557 242 Questions on data 317 Although comments are welcome, OPEC regrets that it is unable to answer all enquiries concerning the data in the ASB. Data queries: [email protected]. Advertising 128 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-1010 Vienna, Austria Tel: +43 1 211 12/0 Fax: +43 1 216 43 20 Advertising: [email protected] Website: www.opec.org OOPEPEC LLatinatin America Photographs Page 5: Diana Golpashin. Pages 7, 13, 21, 63, 81, 93: Shutterstock. © 2014 Organization of the Petroleum Exporting Countries ISSN 0475-0608 OPOPEO ECCA Africfrica www.opec.org OPEC Middle East Notes: Totals may not add up due to independent rounding. Major OPEC flows of crude and refined oil (1,000 b/d) 2013 OPEC Ecuador Algeria Iraq Venezuela Nigeria Saudi Arabia th International Libya Kuwait Seminar Angola Qatar IR Iran UAE 2,042 Petroleum: An Engine for Global Development 1,305 112 1,291 206 3–4 June 2015 209 426 1,490 579 6 14,590 1,110 2,242 66 1,033 Hofburg Palace Team for the preparation of the OPEC Annual Statistical Bulletin Vienna, Austria Director, Research Division Editorial Team 13 Omar S Abdul-Hamid Head, Public Relations and Information Department Hasan A Hafidh Hamid 10 Project Leader Head, Data Services Department Editor Adedapo Odulaja Alvino-Mario Fantini Coordinators Design and Production Coordinator Hossein Hassani, Pantelis Christodoulides Carola Bayer Statistics Team Senior Production Assistant 468 Klaus Stöger, Harvir Kalirai, Mouhamad Moudassir, Diana Lavnick Mohammad Sattar, Anna Gredinger, Ksenia Gutman Graphic Designer Web and CD Application Tara Starnegg 70 Mohamed Mekerba, Zairul Arifin 557 242 Questions on data 317 Although comments are welcome, OPEC regrets that it is unable to answer all enquiries concerning the data in the ASB. Data queries: [email protected]. Advertising 128 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-1010 Vienna, Austria Tel: +43 1 211 12/0 Fax: +43 1 216 43 20 Advertising: [email protected] Website: www.opec.org OOPEPEC LLatinatin America Photographs Page 5: Diana Golpashin. Pages 7, 13, 21, 63, 81, 93: Shutterstock. © 2014 Organization of the Petroleum Exporting Countries ISSN 0475-0608 OPOPEO ECCA Africfrica www.opec.org OPEC Middle East Notes: Totals may not add up due to independent rounding. 2014 OPEC Annual Statistical Bulletin 2014 Bulletin Statistical Annual OPEC Annual Statistical Bulletin OPEC Helferstorferstrasse 17, A-1010 Vienna, Austria www.opec.org Organization of the Petroleum Exporting Countries Contents Foreword 5 Tables Page Section 1: Summary 7 Table 1.1 OPEC Members’ facts and figures 8 1.2 OPEC Members’ crude oil production allocations 9 Section 2: Macro-economics 13 Table 2.1 OPEC Members’ 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 by country 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 29 3.8 Natural gas production in OPEC Members 30 3.9 World marketed production of natural gas by country 32 3.10 Refinery capacity in OPEC Members by company and location 36 3.11 World refining capacity by country 38 3.12 Charge refinery capacity in OPEC Members 39 3.13 Output of refined petroleum products in OPEC Members 40 3.14 World output of refined petroleum products by country 42 3.15 Oil demand by main petroleum products in OPEC Members 44 3.16 World oil demand 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 year of build and categories 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 by vessel category 68 4.7 Dirty tanker spot freight rates 69 4.8 Clean tanker spot freight rates 70 4.9 Main crude oil pipelines in OPEC Members 71 4.10 Main gas pipelines in OPEC Members 75 4.11 Main petroleum product pipelines in OPEC Members 78 OPEC Annual Statistical Bulletin 1 Contents Section 5: Prices 81 5.1 OPEC Reference Basket and corresponding spot components prices 82 5.2 Selected spot crude oil prices 83 5.3 OPEC Reference Basket 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 89 5.6 Composite barrel and its components in major consuming countries 90 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’ population 14 Graph 2.2: Population as a 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 refined 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 oil demand 51 Graph 3.15: World crude oil exports 51 Graph 3.16: OPEC Members’ oil demand 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 by region 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 OPEC Annual Statistical Bulletin Contents Section 4: Transportation Graph 4.1: World tanker fleet by year of build and categories 65 Graph 4.2: World tanker fleet by year of build and categories 65 Graph 4.3: Average spot freight rates by vessel category 68 Graph 4.4: Dirty tankers spot freight rates 69 Graph 4.5: Dirty tankers spot freight costs 69 Graph 4.6: Clean tankers spot freight rates 70 Graph 4.7: Clean tankers spot freight rates 70 Section 5: Prices Graph
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