U.S. Department of Energy - Energy Efficiency and Renewable Energy

Vehicle Technologies Program

Fact #114: January 31, 2000
OPEC and OPEC+ Resource Shares

In 1999, OPEC accounted for 42% of world oil production. Responding to low oil prices early that year, Mexico, Norway, Russia, and Oman joined OPEC in cutting production. This group of oil countries, referred to here as OPEC+, account for 62% of world oil production. OPEC+ controls the majority of world oil and gas reserves, including inexpensive vented and flared gas.

Graph: OPEC and OPEC+ Resource Shares

Note: OPEC countries currently include Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, United Arab Emirates, Algeria, and Nigeria.

Supporting Information

  OPEC OPEC+
World Oil Production, 1999 42% 62%
Oil Reserves 78% 88%
Natural Gas Reserves 44% 80%
Vented and Flared Gas 73% 78%

Oil production, US DOE Energy Information Administration, International Petroleum Monthly, January 2000, http://www.eia.doe.gov/emeu/ipsr/supply.html
All others, US DOE Energy Information Administration, International Energy Annual 1997, http://www.eia.doe.gov/emeu/iea/contents.html

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