Friday, July 10, 2009

Leading Oil Exporting Countries

According to April 2008 statistics from the Central Intelligence Agency’s World Factbook, world oil exports in 2004 amounted to 63.8 million barrels per day.
That figure represents 81% of global oil production for all countries in the study.
European Union countries export almost 7 million barrels of oil daily, even though these same countries produce only about 2.9 million barrels per day. The reason for this discrepancy is the fact that European nations export fuel to hub countries like Germany and Italy which then re-export oil in order to realize distribution profits.
Top Ten Oil Exporting Countries
1. Saudi Arabia … 8.9 million barrels per day (14% of estimated world total)
2. Russia … 5.1 million bpd (8%)
3. Norway … 3 million bpd (4.7%)
4. United Arab Emirates … 2.54 million bpd (4%)
5. Iran … 2.52 million bpd (4%)
6. Canada … 2.3 million bpd (3.6%)
7. Mexico … 2.27 million bpd (3.6%)
8. Venezuela … 2.2 million bpd (3.5%)
9. Kuwait … 2.2 million bpd (3.5%)
10. Nigeria … 2.1 million bpd (3.4%).
Other Big Oil Exporting Nations
11. United Kingdom … 2 million barrels per day (3.1% of estimated world total)
12. Algeria … 1.7 million bpd (2.7%)
13. Iraq … 1.7 million bpd (2.6%)
14. Netherlands … 1.5 million bpd (2.4%)
15. Libya … 1.3 million bpd (2.1%)
16. Singapore … 1.1 million bpd (1.7%)
17. United States … 1.05 million bpd (1.6%)
18. Angola … 1.02 million bpd (1.6%)
19. Kazakhstan … 1 million bpd (1.6%)
20. Qatar … 960,600 bpd (1.5%)
21. Azerbaijan … 795,600 bpd (1.2%)
22. Oman … 733,100 bpd (1.1%)
23. Malaysia … 611,200 bpd (1%)
24. Belgium … 523,400 bpd (0.8%)
25. Italy … 521,400 bpd (0.8%).
Countries Exporting More Than 80% of Their Oil Production
Countries like Singapore, Belgium, Netherlands and Italy import much of their oil expressly to ship out to clients in other countries. This is also true for the United Kingdom and Norway, although to a lesser percentage.
1. Singapore … 10,909% of domestic oil production was exported
2. Belgium … 5,816%
3. Netherlands … 2,034%
4. Italy … 316%
5. United Kingdom … 105.1%
6. Norway … 101.3%
7. United Arab Emirates … 100%
8. Oman … 99.1%
9. Nigeria … 87.7%
10. Qatar … 86.5%
11. Azerbaijan … 85.1%
12. Algeria … 82.5%
13. Kuwait … 82.4%
14. Malaysia … 81.3%
15. Angola … 81%
16. Saudi Arabia … 80.9%.

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