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Oil Industry Statistics : The oil sector is considered to be one of the important areas of concern for the world economy.
It has acted as a challenge before the global economic scenario. There is fast growing oil consumption in the non-OECD Asian countries.
The non-OECD Asia (Including both India and China) accounts for around 40 percent of the total increase in world oil use. From estimation it is found that to meet the projected increase in world oil demand the total petroleum supply in 2030 is required to reach 118 million barrels per day from 80 million barrels per day as of the year 2003.
The world oil consumption has increased by 1.2 million barrels per day in the year 2005, even after the increase of 2.6 million barrels per day as in the year 2004.
In the year 2004, China's oil use have increased by 0.9 million barrels per day and at the same time its demand increased by only 0.4 million barrels per day in 2005.
Among the various sectors, the transportation sector in the world has led to a high pressure to the industry, as there are few alternatives to the petroleum.
Oil & Gas Journal in its report has shown that world oil reserves estimated at 1,293 billion barrels as of January 1, 2006.
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The following tables show the largest oil companies both by production and reserves as of the year 2003.
The Largest Oil Companies 2003
By Production (Barrels Per Day)
| Company Name | Country | Production |
| Exxon Mobil | USA | 2,542 |
| Royal Dutch Shell | UK/Netherlands | 2,220 |
| Chevron Texaco | USA | 1,959 |
| British Petroleum Amoco | UK | 1,931 |
| Yukos | Russia | 1,507 |
| Total Fina ELF | France | 1,454 |
| Lukoil | Russia | 1,200 |
| Conoco Phillips | USA | 1,019 |
| Surgutneftegas | Russia | 884 |
| ENI | Italy | 857 |
By Reserves (Millions of Barrels)
| Company Name | Country | Production |
| Lukoil | Russia | 17,360 |
| Yukos | Russia | 17,281 |
| Gazprom | Russia | 14,902 |
| Exxon Mobil | USA | 12,312 |
| Royal Dutch Shell | UK/Netherlands | 9,469 |
| Chevron Texaco | USA | 8,710 |
| British Petroleum Amoco | UK | 8,376 |
| Tyumen | Russia | 7,300 |
| Total Fina Elf | France | 6,961 |
| Surgutneftegas | Russia | 6,642 |
Source: Forbes Magazine, 2003.
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