OilReserves

GasReserves

OilProduction

OilImports

OilExports

OilConsumption

Saudi Arabia 21.58% 4.08% 11.85% - 16.28% 3.49%

Iraq 9.28% 2.00% 3.36% - 5.23% 0.67%

United Arab Emirates 8.06% 3.86% 3.34% - 4.72% 0.91%

Kuwait 7.96% 0.96% 2.85% - 3.33% 1.15%

Iran 7.40% 14.77% 4.91% - 5.83% 1.92%

Qatar 1.25% 9.24% 1.13% - 1.72% 0.25%

Other 1.00% 1.08% 2.59% 1.53% 3.92% 1.36%

Middle East 56.53% 35.99% 30.03% 1.53% 41.03% 9.74%

North America 17.73% 4.59% 19.84% 25.37% 7.52% 29.03%

Europe 1.62% 3.69% 9.19% 31.63% 12.98% 18.75%

Central & South America 8.13% 4.55% 9.33% 4.92% 7.85% 7.83%

Asia & Oceania 3.19% 8.10% 10.52% 33.21% 5.68% 24.66%

Russia 4.95% 30.54% 8.72% 0.29% 7.96% 4.78%

Kazakhstan 0.74% 1.18% 0.93% 0.05% 1.32% 0.28%

Azerbaijan 0.58% 0.55% 0.37% - 0.27% 0.23%

Uzbekistan 0.05% 1.20% 0.20% - - 0.20%

Turkmenistan 0.04% 1.29% 0.20% 0.03% 0.07% 0.18%

Other 0.06% 0.73% 0.18% 1.20% 0.32% 0.63%

Former USSR 6.41% 35.49% 10.60% 1.57% 9.93% 6.31%

Africa 6.38% 7.60% 10.49% 1.77% 15.01% 3.68%

How Much? Reserves, Production, Imports, Exports and Consumption in 2000

Member ProductionOPEC OPEC totaltotal

24.9724.97

Saudi Arabia

8.08 (4Q 2003)

Iran 3.70 (4Q 2003)

Russia 7.65 (2002)/ 8.2 (est. 2003)

Mexico 3.6 (2002)

Norway 3.25 (est. 2003)

Data from EIA Country Reports

Slide 2

Oil Production, Million Bbl/Day

“Happiness is… multiple pipelines”

Baku-Supsa Oil Pipeline50,000 B/day

Existing Soviet Oil Pipelines

“Chechen Loop”

Baku-Tbilisi-Ceyhan Pipeline (BTC)1,000,000 B/Day

Caspian Pipeline Consortium (CPC)

Iran “Swap”500,000 B/Day

External Debt as %GDP, 1998

External Debt as % GDP, 2000

Energy as %of Exports, 1998

Energy as % of Exports, 2001

Kazakhstan 27.3 36.4 34.9 58.1

Azerbaijan 15.9 22.5 64.8 91.3

Turkmenistan 64.6 rising 54.7 82.9

Russia 65.6 61.7 36.7 60.0

The Rise of the Post-Soviet Petro State