2008 world oil scene

[niaz]

For the benefit of the Hon members I am posting the latest data as published in the Oil Market Report for June 2008.


Oil Out put. ( all figurs in millon barrels per day)

Saudi Arabia 8.91
Iran 3.87
Iraq 2.50
UAE 2.66
Kuwait 2.34
Venezuela 2.36
Nigeria 1.90
Qatar 1.88
other Opec 5.89

Total Opec 32.31
NGL 4.96 ( natural gas liquids or condensates)

Non Opec

USA 7.57
Mexico 3.26
Canada 3.07

UK 1.42
Norway 2.35

Russia 9.95
China 3.86
Malaysia 0.79
India 0.81

Brazil 2.27
Argentina 0.69
Columbia 0.54
Equador 0.50

Oman 0.72
Syria 0.38
Yemen 0.31

Egypt 0.61
Others 7.65

Bio fuels 0.49
Process gains 2.10 ( volume of products is higher than that of crude)

Total Non opec 49.34

Total Supply 86.58

 

[niaz]

World oil demand. ( all in million barrels per day)

Africa 3.1

Americas 30.9

Asia/Pacific 25.7

Europe 16.0

others 11.0

Total world 86.8

Major countries

US 20.43
canada 2.20
Mexico 2.07

Germany 2.55
UK 1.76
France 2.00

Japan 5.04
Korea 2.09
Australia 0.91

Total OECD 48.60

China 7.94
Russia 2.90
India 3.24

Total non OECD 38.20

 

[maqsad]

Pakistan should run away from oil and develop coal and hydroelectric power along with as much windpower as possible. All trains should be running free on this coal and as many factories as possible should shift from oil/electricity to coal generated power. Even though it is lower quality coal that is fine, it's still the best way out from the energy crisis for a country like pakistan.