20 countries seeing biggest increase in oil production

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.