04-02_worldoilproduction.html (Mar-2004)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

	Feb. 2004 Vol. 225 No. 2

World Oil & NGL Production			Million barrels per day
		Dec 2003	Nov 2003	Avg 2003	Avg 2002


OPEC - Crude Oil
	Saudi Arabia	8.25	8.19	8.48	7.38
	Iran	4.00	4.05	3.80	3.47
	Iraq	1.96	1.90	1.32	2.01
	United Arab Emirates	2.27	2.20	2.28	1.99
	Kuwait	2.00	1.98	1.87	1.60
	Neutral Zone	0.61	0.63	0.61	0.54
	Qatar	0.75	0.74	0.74	0.64
	Nigeria	2.31	2.27	2.15	1.97
	Libya	1.47	1.45	1.42	1.32
	Algeria	1.15	1.15	1.11	0.85
	Venezuela	2.20	2.22	2.01	2.29
	Indonesia	1.00	1.00	1.02	1.11
	NGLs & condensate	3.98	3.97	3.67	3.47
	Total OPEC	31.95	31.75	30.48	28.64
OECD₁
	US	7.98	8.04	7.95	8.12
	Mexico	3.82	3.80	3.78	3.59
	Canada	3.14	3.07	2.98	2.88
	United Kingdom	2.28	2.25	2.28	2.50
	Norway	3.33	3.39	3.24	3.33
	Europe-others	0.83	0.82	0.80	0.78
	Australia	0.63	0.61	0.62	0.71
	Pacific-others	0.04	0.04	0.05	0.05
	Total OECD	22.05	22.02	21.70	21.96
Non-OECD
	Former USSR	10.78	10.72	10.31	9.37
	China	3.43	3.39	3.41	3.39
	Malaysia	0.84	0.84	0.82	0.79
	India	0.80	0.81	0.78	0.75
	Asia-others	0.91	0.88	0.88	0.85
	Europe	0.17	0.17	0.17	0.18
	Brazil	1.83	1.78	1.78	1.72
	Argentina	0.78	0.78	0.78	0.80
	Colombia	0.53	0.53	0.55	0.59
	Ecuador	0.53	0.52	0.42	0.40
	Latin America-others	0.40	0.39	0.39	0.39
	Oman	0.81	0.85	0.83	0.90
	Syria	0.51	0.52	0.53	0.55
	Yemen	0.46	0.46	0.45	0.46
	Egypt	0.74	0.74	0.75	0.75
	Angola	0.92	0.92	0.88	0.90
	Gabon	0.25	0.25	0.24	0.25
	Africa-others	1.38	1.37	1.20	1.09
	Total Non-OECD	26.07	25.92	25.17	24.13

Processing Gains₂		1.83	1.82	1.80	1.76
TOTAL SUPPLY		81.90	81.51	79.15	76.49

Source: International Energy Agency ¹ Comprises crude oil, condensates, NGLs and oil from non-conventional sources. ² Net of volumetric gains and losses in refining (excludes net gain/loss in former USSR, China and non-OECD Europe).