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20 countries seeing biggest increase in oil production

November 08, 2013 08:42 IST

20 countries seeing biggest increase in oil production

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Oil-rich countries are increasing production to keep up with increasing demand around the world, especially in the emerging economies.

Let's take a look at some nations that are witnessing biggest gain in production.

Source: Bloomberg Visual Data

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Image: A taxi driver fills his cab at a petrol pump on Manhattan's West Side in New York.
Photographs: Chip East/Reuters

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China

Change in share of world oil production (1973-2012): 3.51 per cent

Share of world oil production in 1973: 1.96 per cent

Share of world oil production in 2012: 5.46 per cent

Average crude oil production in 1973: 1.09 million barrels per day

Average crude oil production in 2012: 4.12 million barrels per day

Overall rank in oil production rise in 2012: 1

China, the fastest growing economy in the world, saw biggest jump in oil production.

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Image: A view of the city skyline from the Zhongfu Building at night in Beijing, China.
Photographs: Jason Lee/Reuters
Tags: China

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Mexico

Change in share of world oil production (1973-2012): 2.59 per cent

Share of world oil production in 1973: 0.84 per cent

Share of world oil production in 2012: 3.43 per cent

Average crude oil production in 1973: 4,65,000 barrels per day

Average crude oil production in 2012: 2.58 million barrels per day

Overall rank in oil production rise in 2012: 2

Mexico, which has close trade ties with energy-hungry United States, saw its share rise to more than 3 per cent.

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Image: Spring breakers dance during a party at a bar in Cancun, Mexico.
Photographs: Gerardo Garcia/Reuters

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Angola

Change in share of world oil production (1973-2012): 2.11 per cent

Share of world oil production in 1973: 0.29 per cent

Share of world oil production in 2012: 2.40 per cent

Average crude oil production in 1973: 162,000 barrels per day

Average crude oil production in 2012: 1.81 million barrels per day

Overall rank in oil production rise in 2012: 3

Angola, one of the biggest oil producers in Africa, is pumping out more than 1 million barrels of oil per day.

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Image: Boys play soccer at the beach in Benguela, Angola.
Photographs: Amr Abdallah Dalsh/Reuters

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Norway

Change in share of world oil production (1973-2012): 2.07 per cent

Share of world oil production in 1973: 0.06 per cent

Share of world oil production in 2012: 2.13 per cent

Average crude oil production in 1973: 32,000 barrels per day

Average crude oil production in 2012: 1.60 million barrels per day

Overall rank in oil production rise in 2012: 4

Norway, which has the biggest sovereign wealth fund in the world, saw its share jump to more than 2 per cent.

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Image: Children look at a gingerbread town consisting of buildings, boats, bridges and other structures, in Bergen, Norway. The town was created collectively by many families and has become an important tradition in the city.
Photographs: Marit Hommedal/Scanpix/Reuters
Tags: Norway

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United Kingdom

Change in share of world oil production (1973-2012): 1.16 per cent

Share of world oil production in 1973: 0.00 per cent

Share of world oil production in 2012: 1.17 per cent

Average crude oil production in 1973: 2,000 barrels per day

Average crude oil production in 2012: 881,000 million barrels per day

Overall rank in oil production rise in 2012: 5

United Kingdom, one of the biggest financial centres in the world, was producing just 2,000 barrels per day in 1973.

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Image: Park-goers practice gymnastic moves in Hyde Park in central London, United Kingdom.
Photographs: Toby Melville/Reuters

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United Arab Emirates

Change in share of world oil production (1973-2012): 0.96 per cent

Share of world oil production in 1973: 2.75 per cent

Share of world oil production in 2012: 3.71 per cent

Average crude oil production in 1973: 1.53 million barrels per day

Average crude oil production in 2012: 2.80 million barrels per day

Overall rank in oil production rise in 2012: 6

United Arab Emirates, which has one of the biggest reserves of oil and gas in the world, has nearly 4 per cent share of oil production.

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Image: A view of Ibn Battuta Mall in Dubai, United Arab Emirates.
Photographs: Ghazal Watfa/Reuters

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Canada

Change in share of world oil production (1973-2012): 0.90 per cent

Share of world oil production in 1973: 3.23 per cent

Share of world oil production in 2012: 4.13 per cent

Average crude oil production in 1973: 1.79 million barrels per day

Average crude oil production in 2012: 3.11 million barrels per day

Overall rank in oil production rise in 2012: 7

Canada, one of the most advanced countries in the world, has more than 4 per cent share of oil production.

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Image: People walk near the Chateau Frontenac in Quebec, Canada.
Photographs: Mathieu Belanger/Reuters
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Qatar

Change in share of world oil production (1973-2012): 0.59 per cent

Share of world oil production in 1973: 1.02 per cent

Share of world oil production in 2012: 1.61 per cent

Average crude oil production in 1973: 570,000 barrels per day

Average crude oil production in 2012: 1.21 million barrels per day

Overall rank in oil production rise in 2012: 8

Qatar, one of the richest countries in the world, produces more than a million barrels of oil per day.

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Image: A man takes a boat ride through a canal inside Villagio Mall, a popular shopping area in Doha's west end, Qatar.
Photographs: Fadi Al-Assaad/Reuters
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Egypt

Change in share of world oil production (1973-2012): 0.44 per cent

Share of world oil production in 1973: 0.30 per cent

Share of world oil production in 2012: 0.74 per cent

Average crude oil production in 1973: 165,000 barrels per day

Average crude oil production in 2012: 556,000 barrels per day

Overall rank in oil production rise in 2012: 9

Egypt, which is going through internal turmoil, produces more than half-a-million barrels of oil per day.

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Image: A tourist enjoys sand surfing near the Dakhla oasis in Egypt's Western Desert, some 900km southwest from Cairo.
Photographs: Goran Tomasevic/Reuters
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Iraq

Change in share of world oil production (1973-2012): 0.32 per cent

Share of world oil production in 1973: 3.62 per cent

Share of world oil production in 2012: 3.95 per cent

Average crude oil production in 1973: 2.01 million barrels per day

Average crude oil production in 2012: 2.98 million barrels per day

Overall rank in oil production rise in 2012: 10

Iraq, which is going through internal turmoil, produces more than 2 million barrels of oil per day.

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Image: A view of Duhok, a well-known summer-time resort, about 350km north of Baghdad, Iraq.
Photographs: Faleh Kheiber/Reuters
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Equador

Change in share of world oil production (1973-2012): 0.29 per cent

Share of world oil production in 1973: 0.37 per cent

Share of world oil production in 2012: 0.67 per cent

Average crude oil production in 1973: 209,000 barrels per day

Average crude oil production in 2012: 504,000 barrels per day

Overall rank in oil production rise in 2012: 11

Equador, which is located in South America, produces more than 500,000 barrels of oil per day.

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Image: An aerial view shows Quito's Basilica church, Equador.
Photographs: Guillermo Granja/Reuters

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Algeria

Change in share of world oil production (1973-2012): 0.06 per cent

Share of world oil production in 1973: 1.97 per cent

Share of world oil production in 2012: 2.03 per cent

Average crude oil production in 1973: 1.09 million barrels per day

Average crude oil production in 2012: 1.53 million barrels per day

Overall rank in oil production rise in 2012: 12

Algeria, which is going through internal turmoil, produces more than a million barrels of oil per day.

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Image: A view of Emir Abdelkader Square in Algiers, Algeria.
Photographs: Zohra Bensemra/Reuters
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Nigeria

Change in share of world oil production (1973-2012): Minus 0.35 per cent

Share of world oil production in 1973: 3.69 per cent

Share of world oil production in 2012: 3.34 per cent

Average crude oil production in 1973: 2.05 million barrels per day

Average crude oil production in 2012: 2.52 million barrels per day

Overall rank in oil production rise in 2012: 13

Nigeria, one of the biggest economies in Africa, produces more than 2 million barrels of oil per day.

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Image: An aerial view shows the central business district in Nigeria's commercial capital of Lagos.
Photographs: Akintunde Akinleye/Reuters

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Saudi Arabia

Change in share of world oil production (1973-2012): Minus 0.63 per cent

Share of world oil production in 1973: 13.64 per cent

Share of world oil production in 2012: 13.01 per cent

Average crude oil production in 1973: 7.59 million barrels per day

Average crude oil production in 2012: 9.83 million barrels per day

Overall rank in oil production rise in 2012: 14

Saudi Arabia, which has one of the highest reserves of oil and gas, produces nearly 10 million barrels of oil per day.

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Image: A view of Kingdom Tower in Riyadh, Saudi Arabia.
Photographs: Ali Jarekji/Reuters

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Russia

Change in share of world oil production (1973-2012): Minus 1.82 per cent

Share of world oil production in 1973: 14.95 per cent

Share of world oil production in 2012: 13.13 per cent

Average crude oil production in 1973: 8.32 million barrels per day

Average crude oil production in 2012: 9.92 million barrels per day

Overall rank in oil production rise in 2012: 15

Russia, which has one of the highest reserves of oil and gas, produces nearly 10 million barrels of oil per day.

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Image: Two women read a book as they sit in Metro train in Moscow, Russia.
Photographs: Dylan Martinez/Reuters
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Kuwait

Change in share of world oil production (1973-2012): Minus 1.94 per cent

Share of world oil production in 1973: 5.42 per cent

Share of world oil production in 2012: 3.49 per cent

Average crude oil production in 1973: 3.02 million barrels per day

Average crude oil production in 2012: 2.63 million barrels per day

Overall rank in oil production rise in 2012: 16

Kuwait, which has one of the highest reserves of oil and gas, produces nearly 3 million barrels of oil per day.

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Image: Vehicles travel on the First Ring Road in Kuwait City, Kuwait.
Photographs: Stephanie Mcgehee/Reuters
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Libya

Change in share of world oil production (1973-2012): Minus 2.10 per cent

Share of world oil production in 1973: 3.91 per cent

Share of world oil production in 2012: 1.81 per cent

Average crude oil production in 1973: 2.17 million barrels per day

Average crude oil production in 2012: 1.36 million barrels per day

Overall rank in oil production rise in 2012: 17

Libya, which is going through internal turmoil, produces more than a million barrels of oil per day.

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Image: A view of Tripoli's Old City, Libya.
Photographs: Zohra Bensemra/Reuters
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Venezuela

Change in share of world oil production (1973-2012): Minus 3.00 per cent

Share of world oil production in 1973: 6.05 per cent

Share of world oil production in 2012: 3.04 per cent

Average crude oil production in 1973: 3.36 million barrels per day

Average crude oil production in 2012: 2.30 million barrels per day

Overall rank in oil production rise in 2012: 18

Venezuela, which has one of the biggest oil reserves in the region, produces more than 2 million barrels of oil per day.

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Image: A girl walks past a mural in the neighbourhood of La Pastora in Caracas, Venezuela.
Photographs: Zohra Bensemra/Reuters
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Iran

Change in share of world oil production (1973-2012): Minus 6.07 per cent

Share of world oil production in 1973: 10.53 per cent

Share of world oil production in 2012: 4.46 per cent

Average crude oil production in 1973: 5.86 million barrels per day

Average crude oil production in 2012: 3.36 million barrels per day

Overall rank in oil production rise in 2012: 19

Iran, which has one of the biggest oil reserves in the region, produces more than 3 million barrels of oil per day.

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Image: A snowboarder navigates the slope at the ski resort in Shemshak, 50km northeast of Tehran, Iran.
Photographs: Caren Firouz/Reuters
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United States

Change in share of world oil production (1973-2012): Minus 7.97 per cent

Share of world oil production in 1973: 16.54 per cent

Share of world oil production in 2012: 8.57 per cent

Average crude oil production in 1973: 9.20 million barrels per day

Average crude oil production in 2012: 6.47 million barrels per day

Overall rank in oil production rise in 2012: 20

United States, the biggest economy in the world, produces more than 6 million barrels of oil per day.


Image: Karli Baumert, of Pryor, Oklahoma, left, and Max Cowdery, of Bremerton, Washington, right, dance underneath water sprinklers at the Lincoln Memorial to cool off during the punishing heat gripping Washington, DC, United States.
Photographs: Larry Downing/Reuters

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