OPEC Country-Level Data (2024)
Source: OPEC Annual Statistical Bulletin 2025 (60th edition), data through end-2024.
Master Summary Table (Table 1.1)
| Metric |
Algeria |
Congo |
Eq. Guinea |
Gabon |
IR Iran |
Iraq |
Kuwait |
Libya |
Nigeria |
Saudi Arabia |
UAE |
Venezuela |
OPEC Total |
| Population (m) |
46.70 |
6.31 |
1.59 |
2.26 |
86.63 |
46.12 |
4.99 |
6.91 |
227.82 |
35.30 |
11.03 |
33.24 |
508.89 |
| Land area (1,000 sq km) |
2,382 |
342 |
28 |
268 |
1,648 |
438 |
18 |
1,760 |
924 |
2,150 |
84 |
916 |
10,957 |
| GDP/capita ($) |
5,717 |
2,361 |
7,889 |
9,200 |
4,633 |
6,063 |
32,126 |
6,099 |
824 |
35,058 |
50,088 |
3,604 |
6,477 |
| Nominal GDP (m $) |
266,979 |
14,893 |
12,544 |
20,774 |
401,357 |
279,641 |
160,238 |
42,159 |
187,627 |
1,237,530 |
552,325 |
119,808 |
3,295,875 |
| GDP growth (real, PPP, %) |
3.5 |
2.6 |
1.9 |
3.1 |
3.5 |
0.3 |
-2.8 |
-0.6 |
3.4 |
1.3 |
3.8 |
5.3 |
2.5 |
| Exports (m $) |
55,232 |
8,600 |
4,500 |
12,536 |
106,604 |
111,342 |
89,719 |
32,262 |
56,961 |
360,897 |
618,902 |
21,117 |
1,478,672 |
| Imports (m $) |
54,710 |
6,300 |
3,100 |
5,611 |
86,479 |
90,379 |
61,525 |
21,639 |
58,908 |
317,012 |
546,902 |
15,300 |
1,267,863 |
| Current account (m $) |
-3,660 |
1,041 |
711 |
942 |
9,439 |
8,768 |
46,704 |
2,928 |
17,215 |
-5,685 |
53,019 |
4,821 |
136,244 |
| Petroleum exports (m $) |
25,815 |
6,338 |
1,784 |
6,000 |
46,776 |
100,972 |
68,886 |
28,697 |
47,322 |
223,372 |
77,655 |
18,372 |
651,990 |
| Crude oil reserves (mb) |
12,200 |
1,811 |
1,100 |
2,000 |
208,600 |
145,019 |
101,500 |
48,363 |
37,280 |
267,200 |
113,000 |
303,221 |
1,241,294 |
| Gas reserves (bn s cu m) |
4,504 |
284 |
40 |
27 |
33,988 |
3,714 |
1,784 |
730 |
5,979 |
9,727 |
8,210 |
5,511 |
74,498 |
| Crude production (1,000 b/d) |
907 |
260 |
57 |
224 |
3,257 |
3,862 |
2,411 |
1,136 |
1,345 |
8,955 |
2,916 |
921 |
26,251 |
| Gas production (m s cu m) |
103,966 |
425 |
6,914 |
477 |
277,611 |
11,073 |
16,325 |
16,411 |
44,322 |
102,894 |
57,820 |
22,586 |
660,823 |
| Refinery capacity (1,000 b/d) |
677 |
21 |
na |
25 |
2,237 |
1,266 |
1,451 |
666 |
1,125 |
3,291 |
1,227 |
2,154 |
14,139 |
| Refinery throughput (1,000 b/d) |
703 |
20 |
na |
14 |
1,863 |
789 |
1,235 |
132 |
248 |
2,591 |
991 |
335 |
8,921 |
| Product output (1,000 b/d) |
681 |
19 |
na |
16 |
1,854 |
988 |
1,288 |
188 |
243 |
2,597 |
911 |
268 |
9,052 |
| Oil demand (1,000 b/d) |
467 |
8 |
5 |
47 |
1,859 |
977 |
468 |
318 |
483 |
3,386 |
1,017 |
276 |
9,311 |
| Crude exports (1,000 b/d) |
459 |
236 |
56 |
204 |
1,566 |
3,364 |
1,176 |
1,002 |
1,522 |
6,049 |
2,717 |
656 |
19,008 |
| Product exports (1,000 b/d) |
516 |
5 |
0 |
10 |
411 |
186 |
1,196 |
78 |
170 |
1,292 |
985 |
218 |
5,068 |
| Product imports (1,000 b/d) |
12 |
0 |
5 |
5 |
92 |
75 |
11 |
224 |
394 |
340 |
290 |
81 |
1,529 |
| Gas exports (m s cu m) |
49,087 |
0 |
4,793 |
0 |
8,967 |
0 |
0 |
1,296 |
32,860 |
0 |
4,491 |
0 |
101,494 |
Crude Oil Production Time Series (1,000 b/d)
| Country |
1980 |
1990 |
2000 |
2010 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Algeria |
1,020 |
783 |
796 |
1,190 |
899 |
911 |
1,020 |
973 |
907 |
| Congo |
56 |
156 |
269 |
308 |
300 |
267 |
262 |
271 |
260 |
| Eq. Guinea |
0 |
0 |
116 |
241 |
114 |
93 |
81 |
55 |
57 |
| Gabon |
175 |
274 |
281 |
241 |
207 |
181 |
191 |
223 |
224 |
| IR Iran |
1,467 |
3,135 |
3,661 |
3,544 |
1,998 |
2,402 |
2,544 |
2,884 |
3,257 |
| Iraq |
2,646 |
2,113 |
2,810 |
2,358 |
3,997 |
3,971 |
4,453 |
4,118 |
3,862 |
| Kuwait |
1,664 |
859 |
1,996 |
2,312 |
2,438 |
2,415 |
2,707 |
2,590 |
2,411 |
| Libya |
1,832 |
1,389 |
1,347 |
1,487 |
389 |
1,207 |
983 |
1,189 |
1,136 |
| Nigeria |
2,058 |
1,727 |
2,054 |
2,048 |
1,493 |
1,323 |
1,138 |
1,187 |
1,345 |
| Saudi Arabia |
9,901 |
6,413 |
8,095 |
8,166 |
9,213 |
9,125 |
10,591 |
9,606 |
8,955 |
| UAE |
1,702 |
1,763 |
2,175 |
2,324 |
2,779 |
2,718 |
3,064 |
2,944 |
2,916 |
| Venezuela |
2,165 |
2,135 |
2,891 |
2,854 |
569 |
636 |
716 |
783 |
921 |
| OPEC |
24,685 |
20,747 |
26,491 |
27,072 |
24,395 |
25,248 |
27,750 |
26,823 |
26,251 |
Proven Crude Oil Reserves Time Series (million barrels)
| Country |
2020 |
2021 |
2022 |
2023 |
2024 |
| Algeria |
12,200 |
12,200 |
12,200 |
12,200 |
12,200 |
| Congo |
1,811 |
1,811 |
1,811 |
1,811 |
1,811 |
| Eq. Guinea |
1,100 |
1,100 |
1,100 |
1,100 |
1,100 |
| Gabon |
2,000 |
2,000 |
2,000 |
2,000 |
2,000 |
| IR Iran |
208,600 |
208,600 |
208,600 |
208,600 |
208,600 |
| Iraq |
145,019 |
145,019 |
145,019 |
145,019 |
145,019 |
| Kuwait |
101,500 |
101,500 |
101,500 |
101,500 |
101,500 |
| Libya |
48,363 |
48,363 |
48,363 |
48,363 |
48,363 |
| Nigeria |
36,910 |
37,050 |
36,967 |
37,500 |
37,280 |
| Saudi Arabia |
267,082 |
267,192 |
267,192 |
267,230 |
267,200 |
| UAE |
107,000 |
111,000 |
113,000 |
113,000 |
113,000 |
| Venezuela |
303,561 |
303,468 |
303,221 |
303,008 |
303,221 |
| OPEC |
1,235,146 |
1,239,303 |
1,240,973 |
1,241,331 |
1,241,294 |
Crude Oil Exports by Destination (1,000 b/d, 2024)
| Country |
OECD Americas |
OECD Europe |
OECD Asia Pac |
China |
India |
Other Asia |
Latin America |
Middle East |
Africa |
| Algeria |
21 |
331 |
40 |
0 |
26 |
16 |
23 |
0 |
3 |
| Congo |
0 |
43 |
8 |
134 |
12 |
39 |
0 |
0 |
0 |
| Eq. Guinea |
0 |
37 |
3 |
16 |
0 |
0 |
0 |
0 |
0 |
| Gabon |
5 |
32 |
20 |
72 |
0 |
57 |
19 |
0 |
0 |
| IR Iran |
0 |
0 |
0 |
1,211 |
0 |
304 |
0 |
52 |
0 |
| Iraq |
199 |
667 |
0 |
1,150 |
927 |
342 |
0 |
21 |
24 |
| Kuwait |
0 |
0 |
365 |
313 |
80 |
299 |
0 |
119 |
0 |
| Libya |
43 |
745 |
3 |
171 |
0 |
23 |
0 |
0 |
0 |
| Nigeria |
208 |
621 |
8 |
16 |
98 |
134 |
51 |
3 |
379 |
| Saudi Arabia |
320 |
721 |
1,787 |
1,495 |
624 |
907 |
57 |
30 |
108 |
| UAE |
31 |
31 |
1,032 |
567 |
315 |
741 |
0 |
0 |
0 |
| Venezuela |
232 |
56 |
0 |
34 |
71 |
208 |
55 |
0 |
0 |
| OPEC Total |
1,058 |
3,284 |
3,266 |
5,179 |
2,153 |
3,069 |
206 |
224 |
513 |
Petroleum Exports Value Time Series (million $)
| Country |
2020 |
2021 |
2022 |
2023 |
2024 |
| Algeria |
13,188 |
23,356 |
32,545 |
26,101 |
25,815 |
| Congo |
3,689 |
5,785 |
8,297 |
6,811 |
6,338 |
| Eq. Guinea |
1,765 |
2,366 |
3,111 |
1,745 |
1,784 |
| Gabon |
2,714 |
4,641 |
6,812 |
6,107 |
6,000 |
| IR Iran |
7,914 |
25,526 |
38,985 |
41,129 |
46,776 |
| Iraq |
44,130 |
79,789 |
121,064 |
102,574 |
100,972 |
| Kuwait |
35,228 |
61,703 |
94,000 |
78,061 |
68,886 |
| Libya |
5,724 |
27,485 |
33,272 |
30,689 |
28,697 |
| Nigeria |
27,730 |
41,378 |
53,457 |
46,298 |
47,322 |
| Saudi Arabia |
119,359 |
202,166 |
327,007 |
247,386 |
223,372 |
| UAE |
31,341 |
54,595 |
94,677 |
78,161 |
77,655 |
| Venezuela |
5,201 |
10,154 |
15,381 |
13,088 |
18,372 |
| OPEC |
297,983 |
538,944 |
828,607 |
678,149 |
651,990 |
Refinery Data (1,000 b/d, 2024)
| Country |
Capacity |
Throughput |
Product Output |
Utilization Rate |
| Algeria |
677 |
703 |
681 |
104% |
| Congo |
21 |
20 |
19 |
95% |
| Eq. Guinea |
na |
na |
na |
na |
| Gabon |
25 |
14 |
16 |
56% |
| IR Iran |
2,237 |
1,863 |
1,854 |
83% |
| Iraq |
1,266 |
789 |
988 |
62% |
| Kuwait |
1,451 |
1,235 |
1,288 |
85% |
| Libya |
666 |
132 |
188 |
20% |
| Nigeria |
1,125 |
248 |
243 |
22% |
| Saudi Arabia |
3,291 |
2,591 |
2,597 |
79% |
| UAE |
1,227 |
991 |
911 |
81% |
| Venezuela |
2,154 |
335 |
268 |
16% |
| OPEC |
14,139 |
8,921 |
9,052 |
63% |
Note: Algeria throughput exceeds nominal capacity due to operational flexibility. Libya, Nigeria, and Venezuela have extremely low utilization rates due to conflict, disrepair, or sanctions.
Oil Demand by Product (1,000 b/d, 2024)
| Country |
Gasoline |
Kerosene |
Distillates |
Residuals |
Others |
Total |
| Algeria |
78 |
14 |
226 |
5 |
144 |
467 |
| Congo |
2 |
0 |
4 |
0 |
2 |
8 |
| Eq. Guinea |
2 |
1 |
2 |
0 |
0 |
5 |
| Gabon |
7 |
3 |
32 |
0 |
5 |
47 |
| IR Iran |
608 |
72 |
516 |
225 |
439 |
1,859 |
| Iraq |
194 |
38 |
175 |
273 |
296 |
977 |
| Kuwait |
87 |
20 |
50 |
128 |
184 |
468 |
| Libya |
128 |
7 |
130 |
30 |
23 |
318 |
| Nigeria |
315 |
15 |
95 |
5 |
54 |
483 |
| Saudi Arabia |
515 |
96 |
614 |
652 |
1,508 |
3,386 |
| UAE |
255 |
192 |
150 |
363 |
56 |
1,017 |
| Venezuela |
98 |
10 |
51 |
72 |
46 |
276 |
| OPEC |
2,290 |
468 |
2,044 |
1,753 |
2,756 |
9,311 |
Nominal GDP Time Series (million $)
| Country |
2020 |
2021 |
2022 |
2023 |
2024 |
| Algeria |
164,806 |
186,173 |
226,625 |
247,613 |
266,979 |
| Congo |
11,485 |
13,387 |
13,967 |
14,169 |
14,893 |
| Eq. Guinea |
9,908 |
12,222 |
13,717 |
12,339 |
12,544 |
| Gabon |
15,364 |
19,455 |
20,485 |
20,059 |
20,774 |
| IR Iran |
195,528 |
289,294 |
376,254 |
372,820 |
401,357 |
| Iraq |
182,455 |
209,692 |
287,372 |
272,139 |
279,641 |
| Kuwait |
111,037 |
148,352 |
183,501 |
165,378 |
160,238 |
| Libya |
46,893 |
35,216 |
43,281 |
43,958 |
42,159 |
| Nigeria |
430,197 |
436,450 |
470,332 |
430,119 |
187,627 |
| Saudi Arabia |
767,951 |
982,661 |
1,239,075 |
1,218,585 |
1,237,530 |
| UAE |
357,162 |
422,441 |
511,403 |
522,622 |
552,325 |
| Venezuela |
42,838 |
56,615 |
89,013 |
102,377 |
119,808 |
| OPEC |
2,335,624 |
2,811,958 |
3,475,025 |
3,422,178 |
3,295,875 |
Current Account Balance Time Series (million $)
| Country |
2020 |
2021 |
2022 |
2023 |
2024 |
| Algeria |
-18,684 |
-4,512 |
19,453 |
5,979 |
-3,660 |
| Congo |
1,441 |
1,584 |
2,803 |
1,232 |
1,041 |
| Eq. Guinea |
-36 |
300 |
1,910 |
835 |
711 |
| Gabon |
-195 |
425 |
1,901 |
1,093 |
942 |
| IR Iran |
-3,651 |
11,144 |
14,205 |
12,320 |
9,439 |
| Iraq |
-6,198 |
24,565 |
58,010 |
28,375 |
8,768 |
| Kuwait |
4,843 |
37,390 |
63,111 |
51,404 |
46,704 |
| Libya |
-4,780 |
5,675 |
9,438 |
2,797 |
2,928 |
| Nigeria |
-15,986 |
-3,524 |
3,484 |
6,423 |
17,215 |
| Saudi Arabia |
-25,547 |
40,534 |
150,354 |
35,133 |
-5,685 |
| UAE |
22,073 |
47,986 |
80,560 |
49,686 |
53,019 |
| Venezuela |
-6,672 |
957 |
4,769 |
2,978 |
4,821 |
| OPEC |
-53,392 |
162,524 |
409,997 |
198,255 |
136,244 |
Natural Gas Reserves and Production (2024)
| Country |
Reserves (bn s cu m) |
Production (m s cu m) |
Exports (m s cu m) |
| Algeria |
4,504 |
103,966 |
49,087 |
| Congo |
284 |
425 |
0 |
| Eq. Guinea |
40 |
6,914 |
4,793 |
| Gabon |
27 |
477 |
0 |
| IR Iran |
33,988 |
277,611 |
8,967 |
| Iraq |
3,714 |
11,073 |
0 |
| Kuwait |
1,784 |
16,325 |
0 |
| Libya |
730 |
16,411 |
1,296 |
| Nigeria |
5,979 |
44,322 |
32,860 |
| Saudi Arabia |
9,727 |
102,894 |
0 |
| UAE |
8,210 |
57,820 |
4,491 |
| Venezuela |
5,511 |
22,586 |
0 |
| OPEC |
74,498 |
660,823 |
101,494 |
Key Refinery Installations (OPEC Members, 2024)
Saudi Arabia (3,291 1,000 b/d)
- Ras Tanura: 550
- Satorp (with Total): 460
- Yasref: 430
- Jazan: 400
- Samref (with Mobil): 400
- Rabigh (with Petrola): 400
- Sasref (with Shell): 305
- Yanbu: 220
- Riyadh: 126
IR Iran (2,237 1,000 b/d)
- Abadan: 374
- Isfahan: 375
- Bandar Abbas: 344 + 240 (two facilities)
- Tehran: 245
- Arak: 242
- Qeshm: 155
- Tabriz: 110
Venezuela (2,154 1,000 b/d, mostly idle)
- Amuay: 645
- Cardon: 310
- Petrocedeno (upgrader): 284
- Petropiar (upgrader): 248
- Puerto La Cruz: 187
- Petrozuata (upgrader): 160
- Petromonagas (upgrader): 158
- El Palito: 140
Kuwait (1,451 1,000 b/d)
- Al-Zour (new): 615
- Mina Abdullah: 490
- Mina Al-Ahmadi: 346
Iraq (1,266 1,000 b/d)
- Baiji: 290
- Basrah: 210
- Daura: 140
- Kar: 160
- Karbala (new): 140
Nigeria (1,125 1,000 b/d)
- Dangote (Lekki, new): 650
- New Port Harcourt: 150
- Warri: 125
- Kaduna: 110
OPEC Reference Basket Prices by Crude Stream ($/b)
| Crude |
2020 |
2021 |
2022 |
2023 |
2024 |
| Saharan Blend (Algeria) |
42.12 |
70.89 |
104.24 |
83.64 |
81.73 |
| Djeno (Congo) |
35.77 |
63.35 |
93.65 |
75.12 |
73.20 |
| Zafiro (Eq. Guinea) |
41.54 |
71.09 |
102.88 |
83.42 |
82.17 |
| Rabi Light (Gabon) |
40.22 |
70.34 |
100.64 |
82.11 |
80.19 |
| Iran Heavy |
40.77 |
69.80 |
99.92 |
83.13 |
79.71 |
| Basrah Medium (Iraq) |
41.55 |
69.86 |
97.33 |
80.68 |
78.37 |
| Kuwait Export |
41.49 |
70.50 |
101.19 |
84.26 |
80.65 |
| Ess Sider (Libya) |
40.06 |
69.16 |
101.28 |
82.21 |
79.72 |
| Bonny Light (Nigeria) |
41.53 |
70.63 |
103.63 |
83.46 |
82.22 |
| Arab Light (Saudi Arabia) |
41.91 |
70.65 |
101.64 |
84.94 |
81.49 |
| Murban (UAE) |
42.98 |
70.09 |
98.89 |
82.85 |
79.73 |
| Merey (Venezuela) |
28.12 |
51.45 |
76.96 |
64.37 |
65.26 |
| OPEC ORB |
41.47 |
69.89 |
100.08 |
82.95 |
79.89 |
Conversion Factors (Barrels per Tonne by Country)
| Country |
b/tonne |
| Algeria |
8.052 |
| Congo |
7.113 |
| Eq. Guinea |
7.199 |
| Gabon |
7.442 |
| IR Iran |
7.382 |
| Iraq |
7.379 |
| Kuwait |
7.160 |
| Libya |
7.742 |
| Nigeria |
7.394 |
| Saudi Arabia |
7.323 |
| UAE |
7.565 |
| Venezuela |
6.656 |
| OPEC average |
7.374 |
Product conversion: Gasoline 8.500 b/t, Kerosene 7.765 b/t, Distillates 7.230 b/t, Residuals 6.621 b/t.