Energy > Oil Stats: compare key data on Australia & Congo, Republic of the
Definitions
- Consumption: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
- Consumption > Per capita: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Per capita figures expressed per 1,000 population.
- Exports: This entry is the total oil exported in barrels per day (bbl/day), including both crude oil and oil products.
- Imports: This entry is the total oil imported in barrels per day (bbl/day), including both crude oil and oil products.
- Production: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
- Production > Per capita: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Per capita figures expressed per 1,000 population.
- Proved > Reserves: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
- Reserves: According to Web definitions the term refers to the total amount of petroleum (oil) discovered in any given oil field or nation. Thus it can be said that Kuwait has xxxx millions of barrels (mb) of oil in the ground. However, the exact amount can never be known, simply because of the difficulty in sensing or "seeing" beneath the surface of the Earth. The term Proven Reserve or PR refers to an amount of oil that is generally accepted by geologists to be the actual amount of petroleum in the ground.
SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbook, 28 July 2005