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1985 Oil Production of 21 Oil Producing Non-OPEC Countries (open access)

1985 Oil Production of 21 Oil Producing Non-OPEC Countries

This report assesses the possibility of increased oil production from 21 less developed non-OPEC countries (excluding the Middle East and Mexico) by 1985. The forecast is compared with those prepared by the World Bank, the International Energy Agency, and others. The 21 Latin American, African, and Far East (including Asia) countries produce 2.5 million barrels of oil per day (BD) or 4.2% of world production, and they have 21 billion barrels of proved reserves, or 3.2% of the world total. In recent years these countries have consumed 3.1 million BD, some 0.9 million barrels in excess of their production. By 1985, the 21 countries may produce 3.9 million BD, an average annual increase of 5.0%; however, demand is expected to increase at an annual rate of 3.5% to 4.4 million BD. The net effect is that the 1985 aggregated supply-demand balance will be in deficit, by nearly 560 thousand BD, compared to slightly more than 930 thousand BD in 1976.
Date: March 1, 1979
Creator: Warner, Arthur J.
Object Type: Report
System: The UNT Digital Library

[Photograph 2012.201.B1148.0735]

Photograph used for a story in the Oklahoma Times newspaper. Caption: "Ms. Scannell is planning to move to Monastir, Tunisia, Dec. 29 as an administrative assistant with Project Hope."
Date: December 19, 1979
Creator: Albright, Bob
Object Type: Photograph
System: The Gateway to Oklahoma History