Table 3a.  OPEC Oil Production

(Thousand Barrels Per Day)

(Energy Information Administration\Short-Term Energy Outlook -- June 2006)

 

07/01/2005

April 2006

May 2006

 

OPEC 10 Quota

Production

Production

Capacity

Surplus Capacity

Algeria

894

1,380

1,380

1,380

0

Indonesia

1,451

910

900

900

0

Iran 

4,110

3,800

3,800

3,800

0

Kuwait

2,247

2,525

2,525

2,525

0

Libya

1,500

1,680

1,680

1,680

0

Nigeria

2,306

2,150

2,150

2,150

0

Qatar

726

800

800

800

0

Saudi Arabia

9,099

9,200

9,200

10,500 - 11,000

1,300 - 1,800

United Arab Emirates

2,444

2,500

2,500

2,500

0

Venezuela

3,223

2,500

2,500

2,500

0

  OPEC 10

28,000

27,445

27,435

28,735 - 29,235

1,300 - 1,800

  Iraq

 

1,900

1,900

1,900

0

  Crude Oil Total

 

29,345

29,335

30,635 - 31,135

1,300 - 1,800

  Other Liquids

 

3,998

3,998

 

 

  Total OPEC Supply

 

33,343

33,333

 

 

      Notes: Crude oil does not include lease condensate or natural gas liquids. OPEC Quotas are based on crude oil production only. “Capacity” refers to maximum sustainable production capacity, defined as the maximum amount of production that: 1) could be brought online within a period of 30 days; and 2) sustained for at least 90 days. Kuwaiti and Saudi Arabian figures each include half of the production from the Neutral Zone between the two countries. Saudi Arabian production also includes oil produced from its offshore Abu Safa field produced on behalf of Bahrain. The amount of Saudi Arabian spare capacity that can be brought online is shown as a range, because a short delay may be needed to achieve the higher level. The United Arab Emirates (UAE) is a federation of seven emirates. The UAE ’s OPEC quota applies only to the emirate of Abu Dhabi, which controls the vast majority of the UAE's economic and resource wealth. Venezuelan capacity and production numbers exclude extra heavy crude oil used to make Orimulsion. OPEC:  Organization of Petroleum Exporting Countries: Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. OPEC 10 refers to all OPEC less Iraq. Iraqi production and exports have not been a part of any recent OPEC agreements. Iraq’s current production number in this table is net of re-injection and water cut. Latest estimated gross production is about 2 million barrels per day. Other liquids include lease condensate, natural gas liquids, and other liquids including volume gains from refinery processing.