| OECD Factbook 2007 - Economic, Environmental and Social Statistics | ||||||||||||||||||||||||
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| ENERGY PRODUCTION AND PRICES |
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Oil production The Middle East and North Africa are exceptionally well-endowed with energy resources, holding 61% of the world’s proven oil reserves. Current oil production is relatively low in comparison to these reserves and further development of them will be critical to meeting global energy needs in the coming decades. Definition Crude oil production refers to the quantities of oil extracted from the ground after the removal of inert matter or impurities. It includes crude oil, natural gas liquids (NGLs) and additives. Crude oil is a mineral oil consisting of a mixture of hydrocarbons of natural origin, being yellow to black in colour, of variable density and viscosity. NGLs are the liquid or liquefied hydrocarbons produced in the manufacture, purification and stabilisation of natural gas. Additives are non-hydrocarbon substances added to or blended with a product to modify its properties, for example, to improve its combustion characteristics (e.g. MTBE and tetraethyl lead). Refinery production refers to the output of secondary oil products from an oil refinery. Comparability In general, data on oil production are of high quality. In some instances, information has been based on secondary sources or estimated by the IEA.
Sources
Further informationAnalytical publications
Online databasesWebsites
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Production of crude oil by region
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