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8Table Summary OPEC Annual Statistical Bulletin 2004 16 Annual average exchange rates for OPEC Members, 1969–2004 (units of national currency/$) 1969 1970 1971 1972 1973 1974 1975 1976 1977 Algeria 4.937 4.937 4.913 4.481 3.963 4.181 3.949 4.164 4.147 Indonesia 326.000 362.833 391.875 415.000 415.000 415.000 415.000 415.000 415.000 IR Iran 1 75.750 75.750 75.750 75.750 68.882 67.625 67.639 70.222 70.617 Iraq 2 0.357 0.357 0.354 0.333 0.303 0.295 0.295 0.295 0.295 Kuwait 0.357 0.357 0.356 0.329 0.297 0.293 0.290 0.292 0.287 SP Libyan AJ 0.357 0.357 0.356 0.329 0.300 0.296 0.296 0.296 0.296 Nigeria 3 0.714 0.714 0.713 0.658 0.658 0.630 0.616 0.627 0.645 Qatar 4.762 4.762 4.748 4.386 3.996 3.947 3.931 3.963 3.959 Saudi Arabia 4.500 4.500 4.487 4.145 3.707 3.550 3.518 3.530 3.525 United Arab Emirates 4.762 4.762 4.748 4.386 3.996 3.959 3.961 3.953 3.903 Venezuela 4.450 4.450 4.447 4.400 4.305 4.285 4.285 4.290 4.293 1978 1979 1980 1981 1982 1983 1984 1985 1986 Algeria 3.966 3.853 3.837 4.316 4.592 4.789 4.983 5.028 4.702 Indonesia 442.045 623.055 626.994 631.757 661.421 909.265 1,025.940 1,110.580 1,282.560 IR Iran 1 70.475 70.475 70.615 78.328 83.603 86.358 90.030 91.052 78.760 Iraq 2 0.295 0.295 0.295 0.295 0.299 0.311 0.311 0.311 0.311 Kuwait 0.275 0.276 0.270 0.279 0.288 0.291 0.296 0.301 0.291 SP Libyan AJ 0.296 0.296 0.296 0.296 0.296 0.296 0.296 0.296 0.315 Nigeria 3 0.635 0.604 0.547 0.618 0.673 0.724 0.767 0.894 1.755 Qatar 3.877 3.773 3.657 3.640 3.640 3.640 3.640 3.640 3.640 Saudi Arabia 3.400 3.361 3.327 3.383 3.428 3.455 3.524 3.622 3.703 United Arab Emirates 3.871 3.816 3.707 3.671 3.671 3.671 3.671 3.671 3.671 Venezuela 4.293 4.293 4.293 4.293 4.293 4.297 7.017 7.500 8.083 1987 1988 1989 1990 1991 1992 1993 1994 1995 Algeria 4.850 5.915 7.609 8.958 18.473 21.836 23.345 35.059 47.663 Indonesia 1,643.850 1,685.700 1,770.060 1,842.810 1,950.320 2,029.920 2,087.100 2,160.750 2,248.610 IR Iran 1 144.910 177.970 226.000 304.347 408.587 600.000 1,267.770 1,748.750 1,747.930 Iraq 2 0.311 0.311 0.311 0.311 0.311 0.311 0.311 0.311 0.311 Kuwait 0.279 0.279 0.294 0.288 0.284 0.293 0.302 0.297 0.298 SP Libyan AJ 0.297 0.286 0.300 0.283 0.281 0.282 0.304 0.348 0.418 Nigeria 3 4.016 4.537 7.365 8.038 9.909 17.298 22.065 21.996 21.895 Qatar 3.640 3.640 3.640 3.640 3.640 3.640 3.640 3.640 3.640 Saudi Arabia 3.745 3.745 3.745 3.745 3.745 3.745 3.745 3.745 3.745 United Arab Emirates 3.671 3.671 3.671 3.671 3.671 3.671 3.671 3.671 3.671 Venezuela 14.500 14.500 34.682 46.901 56.816 68.376 90.826 148.503 176.842 1996 1997 1998 1999 2000 2001 2002 2003 2004 Algeria 54.749 57.707 58.739 66.574 75.260 77.215 79.682 77.395 72.061 Indonesia 2,342.300 2,909.380 10,013.600 7,855.150 8,421.770 10,260.800 9,311.190 8,577.130 8,938.850 IR Iran 1 1,750.760 1,752.920 1,751.860 1,752.930 1,764.430 1,753.560 6,906.960 8,193.890 8,613.990 Iraq 2 0.311 0.311 0.311 0.311 0.311 0.311 0.311 na na Kuwait 0.299 0.303 0.305 0.304 0.307 0.307 0.304 0.298 0.295 SP Libyan AJ 0.437 0.461 0.468 0.464 0.512 0.605 1.271 1.293 1.305 Nigeria 3 21.884 21.886 21.886 92.338 101.697 111.231 120.578 129.222 132.888 Qatar 3.640 3.640 3.640 3.640 3.640 3.640 3.640 3.640 3.640 Saudi Arabia 3.745 3.745 3.745 3.745 3.745 3.745 3.745 3.745 3.745 United Arab Emirates 3.671 3.671 3.673 3.673 3.673 3.673 3.673 3.673 3.673 Venezuela 417.332 488.635 547.556 605.717 679.960 723.666 1,160.950 1,606.960 1,891.330 Notes: Conversions to the dollar are based on annual average market exchange rates; otherwise, official rates are applied. 1. From 1987–92, the rates apply to a trade-weighted average of floating, competitive and basic official exchange rates, as given by the World Bank. In May 1995, a rate of IR 3,000/$ was introduced applicable to exports. In March 2002, a unified exchange rate replaced the dual foreign exchange rate system. 2. The parallel market rate was ID 1,100/$ in 1995; ID 2,500/$ in 1996; ID 2,300/$ in 1997; ID 2,200/$ in 1998; ID 2,100/$ in 1999; ID 2,000/$ in 2000, ID 1,900/$ in 2001, ID 2,000/$ in 2002; and ID 2,100/$ in 2003. 3. The autonomous market rate was N 82.3/$ in 1995; N 81/$ in 1996; N 83.5/$ in 1997; and N 85.25/$ in 1998. In January 1999, the dual exchange rate system was abolished.
9 OPEC Annual Statistical Bulletin 2004 Summary Table OPEC proven crude oil reserves, 1969–2004 (m b) 1969 1970 1971 1972 1973 1974 1975 1976 1977 Algeria 8,000 8,098 9,840 9,750 7,640 7,700 7,370 6,800 6,600 Indonesia 9,000 10,000 10,400 10,005 10,500 15,000 14,523 13,973 13,357 IR Iran 55,000 60,000 58,344 65,000 62,861 66,000 64,500 63,000 62,000 Iraq 27,500 32,000 35,990 29,000 31,500 35,000 34,300 34,000 34,500 Kuwait 74,500 79,950 78,198 72,900 72,750 81,450 71,200 70,550 70,100 SP Libyan AJ 28,866 27,655 26,648 25,829 25,036 24,481 23,942 23,236 22,484 Nigeria 5,000 9,300 11,680 15,000 20,000 20,900 20,200 19,445 18,700 Qatar 5,500 4,300 6,000 7,000 6,500 6,000 5,850 5,700 5,600 Saudi Arabia 146,500 141,350 139,609 146,000 143,227 173,150 170,567 167,428 164,070 United Arab Emirates 17,000 12,783 20,502 22,768 25,500 33,920 32,200 31,200 32,425 Venezuela 14,750 14,000 13,762 13,919 13,812 18,567 18,398 18,228 18,039 OPEC 391,616 399,436 410,973 417,171 419,326 482,168 463,051 453,560 447,876 1978 1979 1980 1981 1982 1983 1984 1985 1986 Algeria 6,300 8,440 8,200 8,080 9,440 9,220 9,000 8,820 8,800 Indonesia 12,761 12,180 11,603 11,018 10,534 10,080 9,611 9,180 9,000 IR Iran 60,088 58,833 58,296 57,020 56,148 55,257 58,874 59,000 92,860 Iraq 32,100 31,000 30,000 32,000 59,000 65,000 65,000 65,000 72,000 Kuwait 69,440 68,530 67,930 67,730 67,150 67,000 92,710 92,464 94,522 SP Libyan AJ 21,761 20,999 20,330 22,600 22,186 21,784 21,425 21,300 22,800 Nigeria 18,200 17,400 16,700 16,500 16,750 16,550 16,650 16,600 16,066 Qatar 4,000 3,760 3,585 3,450 3,425 3,330 4,500 4,500 4,500 Saudi Arabia 168,940 166,480 168,030 167,850 165,484 168,848 171,710 171,490 169,744 United Arab Emirates 31,316 29,411 30,410 32,176 32,354 32,340 32,490 32,990 97,203 Venezuela 18,228 18,523 19,530 19,888 24,900 25,887 28,028 54,454 55,521 OPEC 443,134 435,556 434,614 438,312 467,371 475,295 509,998 535,798 643,016 1987 1988 1989 1990 1991 1992 1993 1994 1995 Algeria 8,564 9,200 9,236 9,200 9,200 9,200 9,200 9,979 9,979 Indonesia 9,000 9,000 5,114 5,415 5,909 5,598 5,167 4,980 4,980 IR Iran 92,860 92,860 92,860 92,850 92,860 92,860 92,860 94,300 93,700 Iraq 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 Kuwait 94,525 94,525 97,125 97,025 96,500 96,500 96,500 96,500 96,500 SP Libyan AJ 22,800 22,800 22,800 22,800 22,800 22,800 22,800 22,800 29,500 Nigeria 15,980 16,000 16,000 17,100 20,000 20,991 20,991 20,991 20,828 Qatar 4,500 4,500 4,500 2,993 2,993 3,121 3,121 3,500 3,700 Saudi Arabia 169,585 254,989 260,050 260,342 260,936 261,203 261,355 261,374 261,450 United Arab Emirates 98,105 98,105 98,105 98,100 98,100 98,100 98,100 98,100 98,100 Venezuela 58,101 58,505 59,040 60,054 62,649 63,330 64,448 64,877 66,329 OPEC 674,020 760,484 764,830 765,879 771,947 773,702 774,541 777,400 785,066 1996 1997 1998 1999 2000 2001 2002 2003 2004 Algeria 10,800 11,200 11,314 11,314 11,314 11,314 11,314 11,800 11,350 Indonesia 4,980 4,867 5,100 5,201 5,123 5,095 4,722 4,320 4,301 IR Iran 92,600 92,600 93,700 93,100 99,530 99,080 130,690 133,250 132,460 Iraq 112,000 112,500 112,500 112,500 112,500 115,000 115,000 115,000 115,000 Kuwait 96,500 96,500 96,500 96,500 96,500 96,500 96,500 99,000 101,500 SP Libyan AJ 29,500 29,500 29,500 29,500 36,000 36,000 36,000 39,126 39,126 Nigeria 20,828 20,828 22,500 29,000 29,000 31,506 34,349 35,255 35,876 Qatar 3,700 3,700 3,700 3,700 13,157 15,207 15,207 15,207 15,207 Saudi Arabia 261,444 261,541 261,542 262,784 262,766 262,697 262,790 262,730 264,310 United Arab Emirates 97,800 97,800 97,800 97,800 97,800 97,800 97,800 97,800 97,800 Venezuela 72,667 74,931 76,108 76,848 76,848 77,685 77,307 77,226 79,729 OPEC 802,819 805,967 810,264 818,247 840,538 847,884 881,679 890,714 896,659 Notes: Figures as at year-end. Totals may not add up due to independent rounding. Revisions have been made throughout the time series. 17
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