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Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries1 13 September 2007 http://www.opec.org
Fuad Al ZayerHead, Data Services Department
OPEC
OPEC
Annual Statistical Bulletin
2006
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries2 13 September 2007 http://www.opec.org
OUTLINE
Present the 2006 edition of the OPEC ASB
Show examples of topics highlighted in the 2006 ASB with emphasis on OPEC Member Countries data
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries3 13 September 2007 http://www.opec.org
ASB BACKGROUND
The ASB provides accurate, reliable and comprehensive oil and gas data with special emphasis on OPEC Member Countries
The ASB is part of OPEC efforts to enhance data transparency in the petroleum industry
The ASB is one of the oldest statistical publications in the oil and gas industry
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries4 13 September 2007 http://www.opec.org
BACKGROUND
First published in 1965Circulation originally limitedMajor improvements on content and layout during last yearsSince 1994 includes also a digital copySince 2000 available on OPEC website
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries5 13 September 2007 http://www.opec.org
Improvement in publication date (July 2007)
Enhancement of content and graphical presentation
Interactive viewing of data and graphs including links to MCs profiles on OPEC Website
Inclusion of comprehensive data on the new OPEC Member Angola
IMPROVEMENTS IN 2006 EDITION
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries6 13 September 2007 http://www.opec.org
SOURCES OF DATA
Direct data communication with the MCs
monthly data communication, JODI
annual questionnaire
occasional questionnaires based on subjects of importance
Continuous improvement in data quality
meetings of working party on flow of statistics
visit to MCs
Acquiring data from identified external sources in an optimal way
international / regional organizations
company reports
specialized reports and publications
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries7 13 September 2007 http://www.opec.org
CONTENT OF ASB 2006
Section 1: Summary tables
Section 2: Oil and gas data
Exploration and reserves
Production
Refining
Consumption
Exports (by destination)
Import
Section 3: TransportationTanker capacity
Freight rates
Pipeline
Section 4: PricesCrude oil & refined products
Composite barrel
Nominal, real prices
Section 5: Major oil companies operations
Revenues, net income
Capital expenditures
ASB Interactive
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries8 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries9 13 September 2007 http://www.opec.org
OPEC OIL EXPORT (BILLION US$)
0
100
200
300
400
500
600
700
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Nominal Real (base=1980)
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries10 13 September 2007 http://www.opec.org
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
65,000AlgeriaAngolaIndonesiaIranIraqKuwaitLibyaNigeriaQatarSaudi ArabiaUAEVenezuelaTotal OPEC
GDP/CAPITA IN OPEC MCs (US$)
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries11 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas reserves nearly 50% of proven world reserves
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries12 13 September 2007 http://www.opec.org
Venezuela
QatarNigeria
Libya, S.P.A.J.
KuwaitIraq
Iran, I.R.Indonesia
AngolaAlgeria
UAE Saudi Arabia
0 50 100 150 200 250 300
273(23%)
922(77%)
OPECOPEC
PROVEN CRUDE OIL RESERVES (BILL. BARREL) AT END 2006
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries13 13 September 2007 http://www.opec.org
Venezuela
QatarNigeria
Libya, S.P.A.J.Kuwait
IraqIran, I.R.
IndonesiaAngola
UAE
Saudi Arabia
Algeria
0 5 10 15 20 25 30
8949.3%
9250.7%
OPECOPEC
PROVEN NATURAL GAS RESERVES (TRILL. CU M.) AT END 2006
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries14 13 September 2007 http://www.opec.org
ACTIVE RIGS IN OPEC COUNTRIES & WORLD (AT YEAR END)
0
50
100
150
200
250
300
350
400
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 20060
500
1,000
1,500
2,000
2,500
3,000
3,500
Non-OPEC EXC. E.EUROPE (RHS) OPEC
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries15 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas nearly 50% of the world
OPEC’s share of crude production is keeping up with requirements
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries16 13 September 2007 http://www.opec.org
Non-OPEC
OPEC
OPEC Share (%)
0
10
20
30
40
50
60
70
80
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
0%
50%
100%
NON OPEC OPEC OPEC Share %, R-axis
mb/d
CRUDE OIL PRODUCTION
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries17 13 September 2007 http://www.opec.org
-2 -1 0 1 2 3 4 5 6 7 8
United States
North Sea
Other
FSU
OPEC
World
2004 2005 2006
mb/d
GROWTH OF CRUDE OIL PRODUCTION (2004 - 2006)
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries18 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas nearly 50% of the world
OPEC’s share of crude production is keeping up with the requirement
Downstream investment in non-OPEC Countries is not sufficient
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries19 13 September 2007 http://www.opec.org
REFINING IN MAJOR MARKETS & OPEC
0
10
20
30
40
50
60
70
80
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006
N. America W. Europe Asia & Pacific OPEC (mb/d)
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries20 13 September 2007 http://www.opec.org
INVESTMENT BY MAJOR OIL COMPANIES
0102 03 04 05 06 07 08 0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006
UPSTREAMUPSTREAM
DOWNSTREAMDOWNSTREAM
Billion US$Billion US$
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries21 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas nearly 50% of the world
OPEC’s share of crude production is keeping up with the requirement
OPEC share of downstream activity has been higher than major marketing areas
World oil consumption geography has changed considerably
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries22 13 September 2007 http://www.opec.org
WORLD OIL CONSUMPTION BY REGION
0
20
40
60
80
1986 1991 1996 2001 2006
mb/d
North America Europe Asia and Pacific (Excl. China) China Others
(5)(3)(1)13579
1113151719
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
%
(5)(3)(1)135791113151719
%
North America Europe Asia and Pacific (excl. China) China Others World
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries23 13 September 2007 http://www.opec.org
EXAMPLES OF ASB CONTENTS
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas nearly 50% of the world
OPEC’s share of crude production is keeping up with the requirement
Downstream investment in non-OPEC Countries is not sufficient
World oil consumption has been increasing with OPEC MCs gaining more relative importance
OPEC’s crude oil exports to Asia has been growing
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries24 13 September 2007 http://www.opec.org
OPEC CRUDE EXPORTS
0.0
5.0
10.0
15.0
20.0
25.0
1960 1970 1980 1990 2000 2006
North America Europe Asia Pacific Others
mb/d
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries25 13 September 2007 http://www.opec.org
SUMMARY
While nominal income has been increasing, the real income is still at the level of the 80s
OPEC’s share in crude oil reserves accounts for more than 75% and natural gas nearly 50% of the world
OPEC’s share of crude production is keeping up with the requirement
Downstream investment in non-OPEC Countries is not sufficient
World oil consumption has been increasing with OPEC MCs gaining more relative importance
OPEC’s crude oil exports to Asia has been growing
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries26 13 September 2007 http://www.opec.org
CONCLUSION
The ASB is part of OPEC’s efforts to promote data transparency in the petroleum industry
OPEC Secretariat will continue its efforts to further improve the quality of the data contained in the ASB
OPEC Secretariat expresses its appreciation to the MCs for their support
Organization of the Petroleum Exporting Countries© 2006, Organization of the Petroleum Exporting Countries27 13 September 2007 http://www.opec.org
Thank you for your attention
