KUWAIT IS THE TENTH LARGEST OIL PRODUCER IN THE WORLD

  • 01/07/2022

Kuwait City: Kuwait ranked tenth in the world in terms of oil production, as the country's production of crude during 2021 reached about 2.74 million barrels per day, accounting for 3% of the total global oil production, achieving a production growth rate of 1.7% compared to the The country's oil production during the year 2020, according to BP's seventy-first annual statistical report.


In terms of global ranking, the United States topped the list of the most oil-producing countries in the world, producing 16.58 million barrels per day during 2021, followed by Saudi Arabia with a production volume of 10.95 million barrels per day, then Russia in third place with a production volume of 10.94 million barrels per day. .

The fourth Canada came with a production volume of 5.42 million barrels per day, then Iraq with a production volume of 4.1 million barrels per day, the sixth came China with a production volume of 3.99 million barrels per day, seventh the UAE with 3.66 million barrels per day , and eighthly Iran came with a production volume of 3.62 million barrels per day, and in the center Ninth came Brazil, with a production volume of 2.98 million barrels per day.

The data indicated that global oil production rose by 1.4 million barrels per day during 2021, as the “OPEC +” countries accounted for more than three-quarters of that increase, and in contrast, global oil consumption rose by 5.7 million barrels per day, but it is still less by about 3.7 million. barrel from pre-coronavirus levels. The majority of consumption growth came from gasoline (1.8 million barrels per day), diesel and (1.3 million barrels per day), and the United States ranked first among the list of the most oil consuming countries in the world for the year 2021, with a consumption volume of 18.68 million barrels per day, as the volume jumped US consumption increased by 8.7% compared to 2020, with the United States accounting for 19.9% ​​of total global oil consumption.

China ranked second globally in terms of oil consumption, with a consumption volume of 15.44 million barrels per day, India third with 4.87 million barrels per day, then Saudi Arabia fourth with 3.59 million barrels per day, and Russia fifth with 3.40 million barrels per day .

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