ECONOMIC DEVELOPMENT - UAE Interact

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000b/d128 UNITED ARAB EMIRATES YEARBOOK 2006ECONOMIC DEVELOPMENT 129Source: OPEC Statistical Bulletin Source: OPEC Statistical BulletinUAEUAEOPECWORLD PROVEN CRUDE OILUAEUAEWORLD PROVENOPECRESERVESRESERVESRESERVESRESERVESRESERVESRESERVESAS %AS % OF WORLDAS %NATURALOFTOTALOPECRESERVESWorld Proven Crude Oil and Gas Reserves by RegionOIL (million barrels)BYOF WORLDTOTALTOTALREGIONNATURAL GAS (billion standard cu m)AS %AS %OFTOTALOPECAS % OF WORLDOF WORLDBYGAS RESERVESTOTALTOTALREGIONNorth America 26,191Latin America 118,952Eastern Europe 91,467Western Europe 17,391Middle East 739,135Africa 111,645Asia and Pacific 39,229Total 1,144,010OPEC 896,659OPEC% 78.4UAE 97,800UAE/World% 8.5%UAE/OPEC% 10.9%North America 6,956Latin America 7,859Eastern Europe 57,511Western Europe 6,303Middle East 72,896Africa 14,298Asia and Pacific 15,894Total 181,717OPEC 89,240OPEC% 49.1UAE 6,060UAE/World% 3.3%UAE/OPEC% 6.79%UAE Crude Oil PricesAverage Crude Oil Prices 1999 2000 2001 2002 2003 2004Murban 17.97 27.73 24.15 24.88 28.37 36.80Lower Zakum 17.99 27.78 24.19 24.90 28.39 38.87Umm Shaif 17.74 27.53 23.91 24.68 28.14 36.56Upper Zakum 17.10 26.40 22.98 24.12 27.53 34.20Dubai platts 17.21 26.15 22.81 23.81 26.79 33.59Crude Oil Exports by Destination(in thousands of barrels per day) 2000 2001 2002 2003 2004*North America................................................... 1.3 19.6 10.0 7.0 5.0United States..................................................... 1.3 19.6 10.0 7.0 4.7Latin America..................................................... – – – – –Eastern Europe.................................................. – – – – –Western Europe................................................. 1.3 6.1 3.0 – –France............................................................... 0.1 5.1 – – –Germany............................................................ – – – – –Italy................................................................... – – – – –Netherlands....................................................... 1.2 – – – –United Kingdom................................................ – – – – –Middle East....................................................... – – – – –Africa................................................................ 34.3 37.0 26.0 28.0 30.0Asia and Pacific*............................................... 1,778.0 1,724.0 1,575.0 2,013.0 2,137.0*of which Japan:............................................ 1,065.8 1,066.8 1,182.8 1,224.0 1,047.7Unspecified....................................................... – – – – –Total World 1,814.9 1,786.7 1,614.0 2,048.0 2,172.0Source: OPEC Annual Statistical Bulletin 200430002500200015001000500Source: EIAUAE Oil Production and Consumption 1980–2004PRODUCTIONNET EXPORTSCONSUMPTION01980 1985 1990 1995 2000 2004
130 UNITED ARAB EMIRATES YEARBOOK 2006ECONOMIC DEVELOPMENT 131Cumulative Crude Oil Production (000s b/d)Abu Dhabi Oil Fields and ConcessionsYear Daily Cumulative %change Year Daily Cumulative % changeAverage in daily av Average in daily av1962 14.2 5,183 1984 1,069.0 8,979,037 -7.01963 48.2 22,776 239.4 1985 1,009.1 9,347,375 -5.61964 186.6 91,145 287.6 1986 1,128.6 9,759,296 11.8Source: OPEC Statistical BulletinSource: OPEC Statistical BulletinOPEC Production Quotas for UAE (000s b/d)Thousands of barrels per day1965 282.2 194,148 51.1 1987 1,242.3 10,212,731 10.11966 260.0 325,548 27.6 1988 1,323.5 10,697,122 6.51967 382.1 465,014 6.1 1989 1,593.0 11,278,568 20.41968 496.6 646,770 30.0 1990 1,762.6 11,921,927 10.61969 627.8 875,917 26.4 1991 2,027.4 12,661,931 15.01970 779.6 1,160,471 24.2 1992 2,235.7 13,480,186 10.31971 1,059.5 1,547,188 35.9 1993 2,159.3 14,268,325 -3.41972 1,202.7 1,987,377 13.5 1994 2,166.5 15,059,110 0.31973 1,532.6 2,546,776 27.4 1995 2,148.0 15,843,130 -0.91974 1,678.6 3,159,465 9.5 1996 2,161.3 16,634,166 0.61975 1,663.8 3,766,752 -0.9 1997 2,160.7 17,422,821 _1976 1,936.4 4,475,475 16.4 1998 2,244.1 18,241,918 3.91977 1,998.7 5,205,004 3.2 1999 2,048.8 18,989,730 -8.71978 1,830.5 5,873,137 -8.4 2000 2,174.7 19,785,670 6.11979 1,830.7 6,541,339 _ 2001 2,115.2 20,557,718 -2.71980 1,701.9 7,164,231 -7.0 2002 1,900.3 21,251,327 -10.21981 1,502.3 7,712,570 -11.7 2003 2,248.0 22,071,847 18.31982 1,248.8 8,168,382 -16.9 2004 2,343.6 22,929,605 4.31983 1,149.0 8,587,775 -8.025002000150010005000Feb-01 Apr-01 Sep-01 Dec-02 Nov-03 Apr-04 Jul-04 Aug-04 Nov-04 Mar-052,201 2,113 2,025 1,894 2,138 2,051 2,225 2,269 2,356 2,400Source: OPEC Statistical Bulletin; Arab Oil & Gas Directory; Abu Dhabi Dept. of Planning Source: Arab Oil Journal. Note: Boundaries are only indicative.Abu Dhabi Oil Production and Exports250020001500100050001992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004Onshore 991 900 920 950 975 960 900 820 1,015 935 850 1,155 1,150Offshore 1,009 1,000 886 838 925 990 1,012 870 975 900 840 745 805TOTAL 2,000 1,900 1,806 1,788 1,900 1,950 1,912 1,690 1,990 1,835 1,690 1,900 1,955Exports 1,795 1,650 1,614 1,573 1,665 1,685 1,675 1,460 1,770 1,615 1,450 1,670 1,720
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