OPEC Excess Production Capacity


Crude Oil Spare Capacity
(Million Barrels / Day)

December 2011
Production Capacity Spare Spare
Capacity
%
% of
Spare
Capacity
Algeria 1.27 1.27 0.00 0.0% 0.0%
Angola 1.90 1.90 0.00 0.0% 0.0%
Ecuador 0.49 0.49 0.00 0.0% 0.0%
Iran 3.55 3.55 0.00 0.0% 0.0%
Iraq 2.70 2.70 0.00 0.0% 0.0%
Kuwait 2.55 2.55 0.00 0.0% 0.0%
Libya 0.70 0.70 0.00 0.0% 0.0%
Nigeria 2.20 2.20 0.00 0.0% 0.0%
Qatar 0.85 0.85 0.00 0.0% 0.0%
Saudi Arabia 10.00 12.25 2.25 18.4% 97.4%
U.A.E 2.60 2.66 0.06 2.3% 2.6%
Venezuela 2.20 2.20 0.00 0.0% 0.0%
OPEC Total 31.01 33.32 2.31 6.9% 100.0%
Crude Oil Spare Production Capacity
(Million barrels per day)
December
2010
Production Capacity Spare Spare
Capacity
%
% of
Spare
Capacity
Algeria 1.35 1.35 0.00 0.0% 0.0%
Angola 1.75 1.75 0.00 0.0% 0.0%
Ecuador 0.47 0.47 0.00 0.0% 0.0%
Iran 3.70 3.70 0.00 0.0% 0.0%
Iraq 2.40 2.40 0.00 0.0% 0.0%
Kuwait 2.30 2.60 0.30 11.5% 6.5%
Libya 1.65 1.80 0.15 8.3% 3.2%
Nigeria 2.08 2.08 0.00 0.0% 0.0%
Qatar 0.85 1.00 0.15 15.0% 3.2%
Saudi Arabia 8.50 12.25 3.75 30.6% 80.6%
U.A.E. 2.30 2.60 0.30 11.5% 6.5%
Venezuela 2.10 2.10 0.00 0.0% 0.0%
OPEC
29.45 34.10 4.65 13.6% 100.0%

Crude Oil Spare Capacity
(Million Barrels / Day)

January
 2003 

Production Capacity Spare Spare
Capacity
%
% of
Spare
Capacity
Algeria 1.05 1.05 0.00 0.0% 0.0%
Indonesia 1.08 1.08 0.00 0.0% 0.0%
Iran 3.59 3.90 0.31 7.9% 10.7%
Iraq 2.54 2.80 0.26 9.3% 8.9%
Kuwait 1.95 2.30 0.35 15.2% 12.0%
Libya 1.38 1.38 0.00 0.0% 0.0%
Nigeria 2.18 2.30 0.12 5.2% 4.1%
Qatar 0.68 0.75 0.07 9.3% 2.4%
Saudi Arabia 8.50 10.00 1.50 15.0% 51.5%
U.A.E. 2.10 2.40 0.30 12.5% 10.3%
Venezuela 0.62 0.62 0.00 0.0% 0.0%
OPECTotal 25.79 28.70 2.91 10.1% 100.0%



Copyright © 2002-2012 by James L. Williams  

 
James L. Williams
EnergyEconomist.com
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