2002 - OPEC

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22 during the year pushed Caribbean rates down by about 30 per cent to WS 170 from WS 250 in the previous year. Other important routes also experienced sharp decreases as the rates on the route from NW Europe to US destinations fell by 91 points to WS 178 and on the inter-Med route by 82 points to WS 175, or a fall of 34 points, which was 32 per cent lower compared with the previous year. Tanker capacity used for floating oil storage fell by more than 20 per cent from an average of 12.86m t in 2001 to 10.14m t in 2002, amid weak demand and the general fall in all forms of oil stock volumes in the OECD countries. Tanker fleet size The world tanker fleet capacity rose by about 2.46m deadweight tonnes (dwt), from 291.11m dwt in 2001 to 293.57 m dwt in 2002. The industry’s preference for newer vessels continued to influence the tanker industry, due to the regulations regarding the phasing-out of single-hulled tankers set by the International Maritime Organization in April 2001. The number of tankers being scrapped doubled during the year, reaching 27.13m dwt. New deliveries increased by 24.40m dwt compared to the previous year. As shown in Table 11 on page 25, OPEC’s tanker fleet rose marginally by only 490,000 dwt to 11.19m dwt in 2002, increasing its share of the total world tanker fleet by 0.10 per cent to 3.80 per cent. OPEC’s liquid gas carrier fleet reached a total capacity of 3.14m cubic metres (cu m) during 2002, with an LPG carrier fleet capacity of 0.34m cu m and a liquefied natural gas carrier fleet capacity of 2.80m cu m. The environment 2002 The Secretariat researched, monitored and co-ordinated various environment-related activities, as well as preparing the Quarterly Environmental Report during the year. Furthermore, OPEC’s views on environmental issues were communicated at all major events such as the World Summit on Sustainable Development (WSSD), held in Johannesburg, South Africa between August 26 and September 4, 2002. OPEC Secretary General, Dr Alvaro Silva-Calderón, made a statement at the non-state entities plenary session. Furthermore, a presentation was made at the Conference on Energy for Sustainable Development organized by IEA, UNEP and ESKOM. OPEC Member Countries played a prominent role within the G77 and China in order to defend OPEC’s interests. The 8 th Conference of the Parties (COP8) to the United Nations Framework Convention on Climate Change (UNFCCC) was held in New Delhi, India, between October 23 and November 1, 2002. The 17 th session of the Subsidiary Body for Scientific and Technological Advice (SBSTA) and the Subsidiary Body for Implementation (SBI) to the UNFCCC, was held from October 23–29, 2002. HE Dr Silva-Calderón, delivered
Table 9 OPEC domestic refinery configuration, 2002 Crude Vaccum Thermal Catalytic Catalytic Catalytic Catalytic Total Conv/crude distillation distillation operation cracking reforming hydro- hydro- con- distillation Region treating cracking version (per cent) Latin America Venezuela 1,183.2 553.3 144.9 233.9 53.9 154.5 – 378.8 32.0 Total 1,183.2 553.3 144.9 233.9 53.9 154.5 – 378.8 32.0 Africa Algeria 462.2 10.9 – – 88.9 82.0 – – – SP Libyan AJ 380.0 3.8 – – 20.3 43.3 – – – Nigeria 445.0 102.7 – 38.7 42.8 73.6 – 38.7 8.7 Total 1,287.2 117.4 – 38.7 152.0 198.9 – 38.7 3.0 Middle East IR Iran 1,474.0 504.4 236.8 30.0 160.5 212.6 139.8 406.6 22.2 Iraq 603.0 82.7 – – 43.5 113.0 38.0 38.0 6.3 Kuwait 899.0 327.8 68.4 41.4 13.5 500.3 163.8 273.6 30.4 Qatar 137.0 – – 60.0 29.4 39.4 – 60.0 43.7 Saudi Arabia 1,825.0 447.8 138.1 103.6 193.4 553.1 131.8 373.5 20.5 UAE 491.3 92.9 – 34.4 25.9 158.6 31.1 65.4 13.3 Total 5,429.3 1,455.6 443.3 269.4 466.2 1,577.0 504.5 1,217.1 22.4 Far East Indonesia 1,057.0 294.6 96.2 103.5 71.9 247.3 58.0 257.7 24.4 Total 1,057.0 294.6 96.2 103.5 71.9 247.3 58.0 257.7 24.4 Total OPEC 8,956.7 2,420.9 684.4 645.5 744.0 2,177.7 562.5 1,892.3 21.1 Total world 82,101.4 26,651.1 7,873.5 24,169.6 11,134.5 38,288.2 4,327.1 26,370.2 32.1 OPEC percentage 10.9 9.1 8.7 2.7 6.7 5.7 13.0 7.2 Notes: As of December 31, 2002. Conversion = total of thermal operations plus catalytic cracking and catalytic hydro-cracking. Sources: Direct communication with the Secretariat; Oil and Gas Journal; National sources. 1,000 b/d 23
Page 2 and 3: Organization of the Petroleum Expor
Page 4 and 5: 4 Welcome to the 2002 edition of th
Page 6 and 7: 6 OPEC in the World Economy The glo
Page 8 and 9: 8 badly affected by drought but rap
Page 10 and 11: 10 OPEC production OPEC production
Page 12 and 13: 12 Figure 1: OPEC 1 and non-OPEC 2
Page 14 and 15: 14 Table 5 World supply/demand bala
Page 16 and 17: 16 Stock movements At the end of 20
Page 18 and 19: 18 Figure 3: Weekly movement of cru
Page 20 and 21: 20 Table 8 Average monthly spot pri
Page 24 and 25: 24 Table 10 OPEC foreign downstream
Page 26 and 27: 26 Press Release No 1/2002, Vienna,
Page 28 and 29: 28 Reference Basket had fallen by a
Page 30 and 31: 30 prices is partially a reflection
Page 32 and 33: 32 The Conference expressed its app
Page 34 and 35: 34 Activities of the Secretariat Of
Page 36 and 37: 36 On trade-related issues, two stu
Page 38 and 39: 38 3) Individual subscribers receiv
Page 40 and 41: 40 the OPEC Headquarters and transm
Page 43 and 44: Heads of Delegation ALGERIA HE Dr C
Page 45 and 46: ALGERIA HE Abdelhadi Benzaghou (lef
Page 47 and 48: Officials of the Secretariat SECRET
Page 49 and 50: OPEC Secretary General, Dr Alvaro S
Page 51: 3 rd Informal Brainstorming Session

2002 - OPEC

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