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Impact of OPEC on Oil Prices

This table shows us how much the OPEC countries are depending on oil exporting compared to total exports of country.

Data collected from official website of OPEC (www.opec.org)

The above table shows how much oil is being exported by OPEC countries which are compared to the total exports of the particular OPEC country. This total export is almost 41% of total production oil worldwide and 15% of total production of natural gas. In the above table, Libia, Saudi Arabia, Iraq, Nigeria, Iran, Kuwait, Qatar are the countries which are exporting 80% of oil in their total exports. These are the countries named as oil ores of world. These 7 countries are exporting above 50% of share of OPEC exports and 30% in total exports of oil worldwide.

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* Contributed by -
V. Venkata Raghvendra is an Engineering graduate with Electrical & Electronics as background. Currently working as sales promoter for MOTOROLA and pursuing Post Graduate Diploma in Management from Institute of Public Enterprise (IPE), Hyderabad.
Article posted on December 1, 2008.