OPEC
The Organisation of Petroleum Exporting Countries (OPEC) currently has 11 members, including Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, UAE and Venezuela. Key statistics for OPEC are shown below, including:
- Crude and Condensate Production through mid-2005
- Refining Capacity by country.
- A graph showing the relationship between OPEC's excess capacity and spot crude prices
For a full country profile of each OPEC country, click here and select the country or countries you wish to view (clients only).
To view detailed demand/supply balances & exports for each OPEC country, click here and select the country or countries you wish to view (clients only).
For an up-to-date view of company activities in each OPEC country, click here and select the country or countries you wish to view (clients only).
For a detailed, plant by plant view of refining capacity in each OPEC country, click here and select the country or countries you wish to view (clients only).
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OPEC Excess Production Capacity vs Spot Crude Prices
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OPEC Crude Oil, NGL & Condensate Production (000 b/d)
| |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
1st H 2006 |
| Algeria |
1,421 |
1,461 |
1,515 |
1,578 |
1,562 |
1,681 |
1,857 |
1,946 |
2,015 |
2,017 |
| Indonesia |
1,557 |
1,520 |
1,408 |
1,456 |
1,389 |
1,288 |
1,183 |
1,152 |
1,136 |
1,111 |
| Iran |
3,776 |
3,855 |
3,603 |
3,818 |
3,730 |
3,414 |
3,999 |
4,081 |
4,049 |
3,979 |
| Iraq |
1,166 |
2,126 |
2,541 |
2,583 |
2,376 |
2,035 |
1,350 |
2,010 |
1,820 |
1,860 |
| Kuwait |
2,137 |
2,176 |
2,000 |
2,104 |
2,092 |
1,861 |
2,238 |
2,481 |
2,643 |
2,733 |
| Libya |
1,489 |
1,480 |
1,425 |
1,475 |
1,425 |
1,376 |
1,488 |
1,607 |
1,702 |
1,747 |
| Nigeria |
2,316 |
2,167 |
2,066 |
2,155 |
2,274 |
2,103 |
2,263 |
2,502 |
2,580 |
2,390 |
| Qatar |
719 |
747 |
797 |
855 |
854 |
783 |
917 |
990 |
1,097 |
1,099 |
| Saudi Arabia |
9,481 |
9,544 |
8,911 |
9,511 |
9,263 |
8,970 |
10,222 |
10,588 |
11,035 |
11,120 |
| UAE |
2,567 |
2,643 |
2,511 |
2,626 |
2,534 |
2,324 |
2,611 |
2,656 |
2,751 |
2,906 |
| Venezuela |
3,321 |
3,480 |
3,126 |
3,339 |
3,141 |
2,916 |
2,607 |
2,972 |
3,007 |
2,917 |
| Total OPEC |
29,950 |
31,199 |
29,903 |
31,500 |
30,614 |
28,751 |
30,735 |
32,985 |
33,835 |
33,879 |
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| Source: Annual Figures from BP Statistical Review. First Half 2006 figures based on IEA estimates adjusted by Evaluate Energy |
| Figures include NGLs and Condensate |
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OPEC Refinery Capacity by Country at end-2005
| 000 b/d |
Distillation |
Thermal |
Cat. Cracking |
Hydro Cracking |
Reforming |
VisBreaking |
Coking |
| Algeria |
450 |
- |
- |
- |
89 |
- |
- |
| Indonesia |
993 |
9 |
101 |
100 |
94 |
50 |
33 |
| Iran |
1,451 |
44 |
35 |
137 |
165 |
247 |
- |
| Iraq |
598 |
- |
- |
74 |
82 |
- |
- |
| Kuwait |
890 |
- |
36 |
116 |
46 |
- |
72 |
| Libya |
380 |
- |
- |
- |
20 |
- |
- |
| Nigeria |
439 |
- |
83 |
- |
70 |
- |
- |
| Qatar |
200 |
- |
60 |
20 |
29 |
- |
- |
| Saudi Arabia |
1,990 |
- |
111 |
132 |
194 |
138 |
- |
| UAE |
781 |
- |
34 |
31 |
26 |
- |
- |
| Venezuela |
1,282 |
- |
233 |
- |
50 |
- |
145 |
| Total OPEC |
9,454 |
53 |
693 |
610 |
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