2005 - OPEC

Table 4
OPEC crude oil production according to selected secondary sources
Note:
Totals may not add up due to independent rounding.
1,000 b/d
Average
change
2000 2001 2002 2003 2004 1Q05 2Q05 3Q05 4Q05 2005 05/04
Algeria 807 827 864 1,134 1,228 1,313 1,344 1,366 1,374 1,349 122
Indonesia 1,278 1,213 1,120 1,027 968 951 945 937 935 942 –26
IR Iran 3,667 3,672 3,416 3,751 3,920 3,900 3,946 3,937 3,911 3,924 4
Iraq 2,550 2,376 2,000 1,321 2,015 1,834 1,841 1,968 1,675 1,830 –186
Kuwait 2,087 2,021 1,885 2,172 2,344 2,438 2,505 2,524 2,548 2,504 161
SP Libyan AJ 1,405 1,361 1,314 1,422 1,537 1,613 1,634 1,654 1,665 1,642 105
Nigeria 2,033 2,098 1,969 2,131 2,352 2,332 2,423 2,423 2,470 2,413 61
Qatar 697 685 649 748 777 784 794 796 806 795 18
Saudi Arabia 8,266 7,939 7,535 8,709 8,957 9,206 9,435 9,489 9,426 9,390 432
UAE 2,248 2,151 1,988 2,243 2,360 2,394 2,398 2,478 2,518 2,447 87
Venezuela 2,949 2,891 2,617 2,312 2,582 2,697 2,632 2,609 2,581 2,629 47
Total OPEC 27,988 27,234 25,355 26,971 29,040 29,463 29,896 30,181 29,909 29,864 825
Source:
Secretariat’s assessments of selected secondary sources.
respectively. However, since 2003, OPEC production has been rising steadily reaching an
historic high in 2005. Figure 2 also highlights total world growth and total non-OPEC growth
over the same period.
Figure 3 (see page 20) shows OPEC’s share of world oil supply compared with non-OPEC
for the period 1990–2005. OPEC’s share grew to reach its peak level of around 41 per cent
in 1998, it declined to 37.7 per cent in 2002 following production cuts implemented by MCs.
Since then, however, it has started to increase again and reached 40.5 per cent in 2005, up
from 39.9 per cent in 2004.
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