Sunday, July 1, 2012

OPEC's Top Crude Oil Producers, 2011-May 2012

by David Rachovich


OPEC Crude Oil Production March 2012-May 2012 (thousand barrels per day)



Rank
 2012
Country
Full Year 2011*[UPD]

Mar '12*
Apr '12*
May '12* (May '12**)
1.
Saudi Arabia
9,268
9,832
9,877
9,917 (9,807)
2.
Iran
3,621
3,313
3,210
3,138 (3,760)
3.
Iraq
2,666
2,807
2,994
2,952 (2,915)
4.
Kuwait
2,538
2,785
2,789
2,858 (3,000)
5.
UAE
2,517
2,578
2,587
2,578 (2,383)
6.
Venezuela
2,380
2,368
2,362
2,378 (2,826)
7.
Nigeria
2,111
2,085
2,175
2,126 (..)
8.
Angola
1,664
1,722
1,769
1,730 (1,762)
9.
Libya
462
1,340
1,394
1,452 (1,552)
10.
Algeria
1,240
1,222
1,217
1,197 (1,206)
11.
Qatar
794
789
778
757 (732)
12.
Ecuador
490
489
489
499 (498)
Total OPEC***
29,751
31,329
31,640
31,582 (..)
 
*Based on secondary sources.

**Based on direct communication.

***Totals may not add up due to independent rounding.

Source: OPEC, Monthly Oil Market Report (MOMR), June 2012, p. 45, Tables 5.4 and 5.5 here.

(Update: Iranian crude oil production - 2,963,000 barrels per day - fell below that of Iraq - 2,984,000 b/d - in June 2012, according to the OPEC, Monthly Oil Market Report (MOMR), July 2012, p. 49, Table 5.4, citing secondary sources. Please compare this to the International Energy Agency/IEA's argument: "Symbolically, Iranian crude output [- 2,900,000 b/d -] fell below that of regional rival Iraq [- 3,020,000 b/d -] in July [2012] for the first time since the late 1980s [my emphasis -- D.R.]."---IEA, Oil Market Report (OMR), August 10, 2012, pp. 15-16 Update 2: Iraq's oil exports averaged 2.51 million barrels per day in August [2012]. The exports lift Iraq’s crude production to 3.18 million b/d for the month, similar to July's levels, and are a further indication that Iraq is solidifying its position as Opec’s second-largest producer after Saudi Arabia---please see EI, Energy Intelligence Briefing, Aug 31, 2012. Also, please see "OPEC's Top Crude Oil Producers, 2011-Jan. 2012," "OPEC's Top Crude Oil Producers, 2010-Jan. 2011," and "World's Top 23 Crude Oil Producers (including OPEC production), Nov 2011 - EIA," -- D.R.)