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OPEC Revenues Fact Sheet
(Last Updated: May 2008)
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This report includes estimates of OPEC net oil export revenues, based on projections from the latest EIA Short Term Energy Outlook.
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Past Monthly Energy Chronologies
(Last Updated: April 2008)
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Timeline of important energy market events in each month of 1996-2005.
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Ecuador
(Last Updated: April 2008)
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Ecuador is one of Latin America's largest crude oil producers. The country's oil exports have increased significantly in the past few years following the construction of a second crude oil pipeline.
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Syria
(Last Updated: March 2008)
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Syria is the only significant oil producer in the Eastern Mediterranean region, although production has been in decline since the mid-1990s. Syria produces and consumes only modest quantities of energy, it occupies a strategic location in terms of regional security and prospective energy transit routes.
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Bahrain
(Last Updated: March 2008)
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Bahrain's oil sector accounts for about two-thirds of total government revenues.
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Angola
(Last Updated: March 2008)
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Angola is Africa's third largest oil producer, and its production capacity is expected exceed 2 million barrels per day in 2008. Major offshore oil finds have also made Angola a key focus of hydrocarbon exploration in sub-Saharan Africa.
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South China Sea
(Last Updated: March 2008)
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The South China Sea region contains oil and gas resources strategically located near large energy-consuming countries.
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East China Sea
(Last Updated: March 2008)
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Areas of the East China Sea are abundant in oil and natural gas deposits, which has resulted in tension between China and Japan as both seek to claim the resources for themselves.
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Central Asia
(Last Updated: February 2008)
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This fact sheet discusses the energy sectors of Turkmenistan and Uzbekistan in greater detail. For more information on Kazakhstan, please see the Kazakhstan Country Analysis Brief.
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Argentina
(Last Updated: February 2008)
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Argentina is a significant Latin American energy producer and consumer. It is a net energy exporter, primarily to neighboring Brazil and Chile.
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Kazakhstan
(Last Updated: February 2008)
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Kazakhstan is important to world energy markets because it has significant oil and natural gas reserves. As foreign investment pours into the country's oil and natural gas sectors, the landlocked Central Asian state is beginning to realize its enormous production potential. With sufficient export options, Kazakhstan could become a major world energy producer and exporter over the next decade.
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Current Monthly Energy Chronology
(Last Updated: January 2008)
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Timeline of important energy market events in each month of 2008.
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World Oil Transit Chokepoints
(Last Updated: January 2008)
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World oil transit chokepoints are a critical part of global energy security. In 2007, global seaborne oil trade was approximately 43 million barrels per day or about half of world oil production.
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Mexico
(Last Updated: December 2007)
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Mexico is a major non-OPEC oil producer and home to one of the world's largest oil companies, Pemex. Most of Mexico 's oil exports go to the United States .
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Bolivia
(Last Updated: December 2007)
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With one of the largest natural gas reserves in South America, Bolivia has the potential to become a natural gas hub for the Southern Cone (Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay).
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Azerbaijan
(Last Updated: December 2007)
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Since becoming independent in 1991, Azerbaijan has attracted significant international interest in its substantial oil and natural gas reserves. Foreign investors are helping the country to develop its rich oil and natural gas reserves in the Caspian Sea basin, and construction of new pipelines will allow Azerbaijan to become a significant energy exporter over the next decade.
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Central America
(Last Updated: November 2007)
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Although Central America (including Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama) has limited energy resources, it is important to world energy markets as a transit center for oil (via the Panama Canal), and as a potential energy transit center between North and South America.
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Gabon
(Last Updated: November 2007)
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Gabon is sub-Saharan Africa's sixth largest producer crude oil. Because declines in oil production have raised concerns about the longevity of Gabonese reserves, the government has begun to encourage development of the non-oil sector to diversify its economy.
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Venezuela
(Last Updated: October 2007)
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Venezuela is important to world energy markets because it holds proven oil reserves of about 78 billion barrels, excluding billions of barrels of extra-heavy oil and bitumen. Venezuela consistently ranks as one the top suppliers of U.S. oil imports and is among the top ten crude oil producers in the world.
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Yemen
(Last Updated: October 2007)
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Yemen, a small non-OPEC oil producer, is important to world energy markets because of its oil and natural gas resources and strategic location on the Bab el-Mandab strait, one of the world's most active shipping lanes.
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Equatorial Guinea
(Last Updated: October 2007)
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Recent offshore oil discoveries and the prospects for additional finds make Equatorial Guinea one of the leading areas for oil exploration in sub-Saharan Africa.
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Iran
(Last Updated: October 2007)
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Iran is OPEC's second largest oil producer and holds 10 percent of the world's proven oil reserves. It also has the world's second largest natural gas reserves (after Russia).
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Brazil
(Last Updated: September 2007)
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Brazil is the largest country in South America and has experienced rapidly expanding oil, natural gas, and electricity markets in recent years. The country is in the process of recovering from an energy crisis in 2001.
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Colombia
(Last Updated: September 2007)
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Colombia is an important petroleum and coal producer, although political unrest and stagnant reserves have led to decreased exports in recent years. Colombia aims to boost hydrocarbon exploration to preserve its status as a net oil exporter in the longer term.
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Caribbean
(Last Updated: September 2007)
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The Caribbean Sea region plays an important role as a petroleum processing and transshipment area, with several major refineries and independent storage facilities. Furthermore, Trinidad and Tobago is becoming an increasingly significant supplier of liquefied natural gas (LNG) to regional markets and to the United States.
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