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20 countries seeing biggest increase in oil production

November 08, 2013 08:42 IST

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

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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20 countries seeing biggest increase in oil production

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

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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Tags: China

20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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Tags: Norway

20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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Tags: Egypt

20 countries seeing biggest increase in oil production

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

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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Tags: Iraq

20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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Tags: Algeria

20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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Tags: Kuwait

20 countries seeing biggest increase in oil production

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

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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Tags: Libya

20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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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20 countries seeing biggest increase in oil production

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

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.