nba比分:Middle East

The Middle East is the world largest oil producing region, accounting for 34% of world production, 45% of crude oil exports and 48% of oil proved reserves

Fast facts

  1. Energy consumption increased by 3.4%, below the 10-year average but higher than in the past two years
  2. Oil production dropped by 250 Kb/d in 2017 as declines in Saudi Arabia (-450 Kb/d), Kuwait (-120 Kb/d) and the UAE (-80 Kb/d) outweighed increases in Iran (+380 Kb/d) and Iraq (+100 Kb/d)
  3. The Middle East accounted for 45% of global crude exports and 31% of global LNG exports in 2017

-0.8% Decline in oil production

98% Share of oil and gas in the energy mix

+29 bcm The strongest growth in gas production since 2011

45% Region’s share of global crude exports

  • Energy consumption increased by 3.4% in 2017, below the 10-year average. Growth was particularly strong in Iran (+16 mtoe, over half the regional increase).
  • Oil and gas account for 98% of the energy mix and 95% of electricity generation, both unchanged from last year.
  • Oil production declined by 250 Kb/d, with the largest declines since 2009 in Saudi Arabia, Kuwait and UAE; since 2006 in Oman; and since 2002 in Qatar. Growth focused in Iran and Iraq.
  • The region exported 19.9 Mb/d of crude in 2017, representing 45% of global trade. Gross refined product exports of 4.1 Mb/d accounted for 17% of global trade.
  • Oil consumption increased by 1.4%, below the 10-year average. Growth was driven by Iran (+5.4%) while Saudi Arabia (-0.5%) saw its highest decline since 1995.
  • Gas production increased by 4.9% driven by strong growth in Iran (+10.5%) and Saudi Arabia (+6.1%). In Qatar, production failed to grow for the first time since 1987.
  • LNG exports from the Middle East (-2.5% in 2017) represent 31% of global LNG trade. Qatar remained the top LNG exporter in the world (103 bcm).
  • Gas consumption increased by 28 bcm. Growth was particularly strong in Iraq (+21.2%), Qatar (+10.3%), Iran (+6.8%) and Saudi Arabia (+6.1%). UAE consumption dropped (-0.5%) for the first time since 2014.
  • Electricity generation increased by 4.2% in 2017, below the 10-year average of 5.4%. Growth in Saudi Arabia (+5 TWh) was the lowest since 1999, while Iran’s increase (+18 TWh) was the highest ever.
  • Energy intensity (the amount of energy required per unit of GDP) in 2017 exhibited the highest growth since 2009 and second highest since 2002. It increased by 2.6%, after dropping by 3.4% in 2016.
  • CO2 emissions from energy use increased by 2.9% in 2017 and the region’s share of global emissions reached a record level (6.3%).

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