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1 13 September 2007 http://www.opec.org<br />

<strong>OPEC</strong><br />

<strong>Annual</strong> <strong>Statistical</strong><br />

<strong>Bulletin</strong><br />

<strong>2006</strong><br />

Fuad Al Zayer<br />

Head, Data Services Department<br />

<strong>OPEC</strong><br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


OUTLINE<br />

� Present the <strong>2006</strong> edition of the <strong>OPEC</strong> ASB<br />

� Show examples of topics highlighted in the<br />

<strong>2006</strong> ASB with emphasis on <strong>OPEC</strong> Member<br />

Countries data<br />

2 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


ASB BACKGROUND<br />

� The ASB provides accurate, reliable and<br />

comprehensive oil and gas data with special<br />

emphasis on <strong>OPEC</strong> Member Countries<br />

� The ASB is part of <strong>OPEC</strong> efforts to enhance<br />

data transparency in the petroleum industry<br />

� The ASB is one of the oldest statistical<br />

publications in the oil and gas industry<br />

3 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


BACKGROUND<br />

� First published in 1965<br />

� Circulation originally limited<br />

� Major improvements on content and layout during<br />

last years<br />

� Since 1994 includes also a digital copy<br />

� Since 2000 available on <strong>OPEC</strong> website<br />

4 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


IMPROVEMENTS IN <strong>2006</strong> EDITION<br />

� Improvement in publication date (July 2007)<br />

� Enhancement of content and graphical presentation<br />

� Interactive viewing of data and graphs including<br />

links to MCs profiles on <strong>OPEC</strong> Website<br />

� Inclusion of comprehensive data on the new <strong>OPEC</strong><br />

Member Angola<br />

5 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


SOURCES OF DATA<br />

� Direct data communication with the MCs<br />

� monthly data communication, JODI<br />

� annual questionnaire<br />

� occasional questionnaires based on subjects of importance<br />

� Continuous improvement in data quality<br />

� meetings of working party on flow of statistics<br />

� visit to MCs<br />

� Acquiring data from identified external sources in an optimal way<br />

� international / regional organizations<br />

� company reports<br />

� specialized reports and publications<br />

6 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


� Section 1: Summary tables<br />

� Section 2: Oil and gas data<br />

� Exploration and reserves<br />

� Production<br />

� Refining<br />

� Consumption<br />

� Exports (by destination)<br />

� Import<br />

� Section 3: Transportation<br />

� Tanker capacity<br />

� Freight rates<br />

� Pipeline<br />

CONTENT OF ASB <strong>2006</strong><br />

7 13 September 2007 http://www.opec.org<br />

� Section 4: Prices<br />

� Crude oil & refined products<br />

� Composite barrel<br />

� Nominal, real prices<br />

� Section 5: Major oil companies<br />

operations<br />

� Revenues, net income<br />

� Capital expenditures<br />

ASB Interactive<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing,<br />

the real income is still at the level of the 80s<br />

8 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

1980<br />

1981<br />

<strong>OPEC</strong> OIL EXPORT (BILLION US$)<br />

1982<br />

1983<br />

1984<br />

1985<br />

Nominal Real (base=1980)<br />

1986<br />

9 13 September 2007 http://www.opec.org<br />

1987<br />

1988<br />

1989<br />

1990<br />

1991<br />

1992<br />

1993<br />

1994<br />

1995<br />

1996<br />

1997<br />

1998<br />

1999<br />

2000<br />

2001<br />

2002<br />

2003<br />

2004<br />

2005<br />

<strong>2006</strong><br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


65,000<br />

60,000<br />

55,000<br />

50,000<br />

45,000<br />

40,000<br />

35,000<br />

30,000<br />

25,000<br />

20,000<br />

15,000<br />

10,000<br />

5,000<br />

0<br />

GDP/CAPITA IN <strong>OPEC</strong> MCs (US$)<br />

Algeria<br />

Angola<br />

Indonesia<br />

Iran<br />

Iraq<br />

Kuwait<br />

Libya<br />

Nigeria<br />

Qatar<br />

Saudi Arabia<br />

UAE<br />

Venezuela<br />

Total <strong>OPEC</strong><br />

10 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing, the<br />

real income is still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts<br />

for more than 75% and natural gas reserves<br />

nearly 50% of proven world reserves<br />

11 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


Algeria<br />

Angola<br />

Indonesia<br />

Qatar<br />

PROVEN CRUDE OIL RESERVES<br />

(BILL. BARREL) AT END <strong>2006</strong><br />

Libya, S.P.A.J.<br />

Nigeria<br />

Iraq<br />

Kuwait<br />

UAE<br />

Venezuela<br />

Iran, I.R.<br />

12 13 September 2007 http://www.opec.org<br />

273<br />

(23%)<br />

<strong>OPEC</strong><br />

922<br />

(77%)<br />

Saudi Arabia<br />

0 50 100 150 200 250 300<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


Angola<br />

Iraq<br />

Kuwait<br />

Algeria<br />

Indonesia<br />

Libya, S.P.A.J.<br />

PROVEN NATURAL GAS RESERVES<br />

(TRILL. CU M.) AT END <strong>2006</strong><br />

Nigeria<br />

UAE<br />

Venezuela<br />

Saudi Arabia<br />

13 13 September 2007 http://www.opec.org<br />

Qatar<br />

Iran, I.R.<br />

0 5 10 15 20 25 30<br />

92<br />

50.7%<br />

<strong>OPEC</strong><br />

89<br />

49.3%<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


400<br />

350<br />

300<br />

250<br />

200<br />

150<br />

100<br />

50<br />

0<br />

ACTIVE RIGS IN <strong>OPEC</strong> COUNTRIES & WORLD<br />

(AT YEAR END)<br />

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 <strong>2006</strong><br />

Non-<strong>OPEC</strong> EXC. E.EUROPE (RHS) <strong>OPEC</strong><br />

14 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries<br />

3,500<br />

3,000<br />

2,500<br />

2,000<br />

1,500<br />

1,000<br />

500<br />

0


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing, the<br />

real income is still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts for<br />

more than 75% and natural gas nearly 50% of<br />

the world<br />

� <strong>OPEC</strong>’s share of crude production is keeping<br />

up with requirements<br />

15 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


80<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

mb/d<br />

1960<br />

1962<br />

<strong>OPEC</strong><br />

Non-<strong>OPEC</strong><br />

1964<br />

1966<br />

1968<br />

CRUDE OIL PRODUCTION<br />

NON <strong>OPEC</strong> <strong>OPEC</strong> <strong>OPEC</strong> Share %, R-axis<br />

1970<br />

1972<br />

1974<br />

16 13 September 2007 http://www.opec.org<br />

1976<br />

1978<br />

1980<br />

1982<br />

1984<br />

1986<br />

1988<br />

<strong>OPEC</strong> Share (%)<br />

1990<br />

1992<br />

1994<br />

1996<br />

1998<br />

2000<br />

2002<br />

2004<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries<br />

<strong>2006</strong><br />

100%<br />

50%<br />

0%


GROWTH OF CRUDE OIL PRODUCTION<br />

(2004 - <strong>2006</strong>)<br />

World<br />

<strong>OPEC</strong><br />

FSU<br />

Other<br />

North Sea<br />

United States<br />

mb/d<br />

-2 -1 0 1 2 3 4 5 6 7 8<br />

17 13 September 2007 http://www.opec.org<br />

2004 2005 <strong>2006</strong><br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing, the<br />

real income is still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts for<br />

more than 75% and natural gas nearly 50% of<br />

the world<br />

� <strong>OPEC</strong>’s share of crude production is keeping up<br />

with the requirement<br />

� Downstream investment in non-<strong>OPEC</strong><br />

Countries is not sufficient<br />

18 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


80<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

REFINING IN MAJOR MARKETS & <strong>OPEC</strong><br />

0<br />

N. America W. Europe Asia & Pacific <strong>OPEC</strong> (mb/d)<br />

1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 <strong>2006</strong><br />

19 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


INVESTMENT BY MAJOR OIL COMPANIES<br />

Billion US$<br />

80<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

UPSTREAM<br />

1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 <strong>2006</strong><br />

20 13 September 2007 http://www.opec.org<br />

DOWNSTREAM<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing, the real income<br />

is still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts for more than<br />

75% and natural gas nearly 50% of the world<br />

� <strong>OPEC</strong>’s share of crude production is keeping up with the<br />

requirement<br />

� <strong>OPEC</strong> share of downstream activity has been higher than<br />

major marketing areas<br />

� World oil consumption geography has changed<br />

considerably<br />

21 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


19<br />

17<br />

15<br />

13<br />

11<br />

9<br />

7<br />

5<br />

3<br />

1<br />

(1)<br />

(3)<br />

(5)<br />

WORLD OIL CONSUMPTION BY REGION<br />

%<br />

22 13 September 2007 http://www.opec.org<br />

80<br />

60<br />

40<br />

20<br />

0<br />

mb/d<br />

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 <strong>2006</strong><br />

North America Europe Asia and Pacific (excl. China) China Others World<br />

1986 1991 1996 2001 <strong>2006</strong><br />

North America Europe Asia and Pacific (Excl. China) China Others<br />

%<br />

19<br />

17<br />

15<br />

13<br />

11<br />

9<br />

7<br />

5<br />

3<br />

1<br />

(1)<br />

(3)<br />

(5)<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


EXAMPLES OF ASB CONTENTS<br />

� While nominal income has been increasing, the real income is<br />

still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts for more than<br />

75% and natural gas nearly 50% of the world<br />

� <strong>OPEC</strong>’s share of crude production is keeping up with the<br />

requirement<br />

� Downstream investment in non-<strong>OPEC</strong> Countries is not<br />

sufficient<br />

� World oil consumption has been increasing with <strong>OPEC</strong> MCs<br />

gaining more relative importance<br />

� <strong>OPEC</strong>’s crude oil exports to Asia has been growing<br />

23 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


25.0<br />

20.0<br />

15.0<br />

10.0<br />

5.0<br />

0.0<br />

mb/d<br />

<strong>OPEC</strong> CRUDE EXPORTS<br />

1960 1970 1980 1990 2000 <strong>2006</strong><br />

North America Europe Asia Pacific Others<br />

24 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


SUMMARY<br />

� While nominal income has been increasing, the real income is<br />

still at the level of the 80s<br />

� <strong>OPEC</strong>’s share in crude oil reserves accounts for more than<br />

75% and natural gas nearly 50% of the world<br />

� <strong>OPEC</strong>’s share of crude production is keeping up with the<br />

requirement<br />

� Downstream investment in non-<strong>OPEC</strong> Countries is not<br />

sufficient<br />

� World oil consumption has been increasing with <strong>OPEC</strong> MCs<br />

gaining more relative importance<br />

� <strong>OPEC</strong>’s crude oil exports to Asia has been growing<br />

25 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


CONCLUSION<br />

� The ASB is part of <strong>OPEC</strong>’s efforts to promote data<br />

transparency in the petroleum industry<br />

� <strong>OPEC</strong> Secretariat will continue its efforts to further<br />

improve the quality of the data contained in the<br />

ASB<br />

� <strong>OPEC</strong> Secretariat expresses its appreciation to the<br />

MCs for their support<br />

26 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries


Thank you<br />

for your attention<br />

27 13 September 2007 http://www.opec.org<br />

© <strong>2006</strong>, Organization of the Petroleum Exporting Countries<br />

Organization of the Petroleum Exporting Countries

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