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Rashid Khan 2006-07 SPE Distinguished Lecture - Society of ...

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Quest for quality<br />

All data show that most new global capacity is sour and heavy<br />

33.5<br />

33<br />

32.5<br />

32<br />

31.5<br />

31<br />

30.5<br />

30<br />

29.5<br />

29<br />

API Gravity Sulfur %<br />

28.5<br />

1984 1987 1990 1993 1996 1999 2002<br />

Source: EIA<br />

1.6<br />

1.5<br />

1.4<br />

1.3<br />

1.2<br />

1.1<br />

1<br />

0.9<br />

0.8<br />

0.7<br />

0.6<br />

USGC million bbl/day<br />

10<br />

9<br />

Light Sweet Light Sour Heavy Sour Hi TAN<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

0<br />

1985 1990 1995 2000 2005 2010 2015<br />

13

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