OPEC Annual Statistical Bulletin 2006
OPEC Annual Statistical Bulletin 2006
OPEC Annual Statistical Bulletin 2006
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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 />
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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 />
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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 />
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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 />
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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