Data issued by the statistical center of the Gulf Cooperation Council countries showed that the countries of the Cooperation Council occupied the first ranks in global energy indicators, as they ranked first in both crude oil production, crude oil reserves, crude oil exports and natural gas reserves, in addition to the second rank globally In natural gas exports, the third globally in the production of marketed natural gas.
The data indicates that the production of the countries of the Cooperation Council of crude oil in 2023 amounted to 17 million barrels per day, which represents 23.2% of the total global production, despite the decrease in production in the aforementioned year by 6.8% compared to 2022.
The reserves of the Cooperation Council countries of crude oil in 2023 amounted to about 511.9 billion barrels, which represents 32.6% of the total global reserves, recording the average annual growth rate of 0.3% during the period from 2014 to 2023.
The export of the Cooperation Council of crude oil in 2023 recorded about 12.4 million barrels per day, which represents 28.2% of the total global export, despite a decrease in export in 2023 by 8.2% compared to 2022.
The exports of oil derivatives in the council in 2023 amounted to 1518.6 million barrels of 13.4% of global exports, an increase of 7.1% compared to 2022, as the Cooperation Council came second globally, while oil derivatives imports reached 212.3 million barrels, with an average rate Annual growth of 0.1%.
The production of gas oil (diesel) recorded the highest rate among oil derivatives in 2023, with a quantity of 660.4 million barrels, followed by gasoline with 336.2 million barrels, then kerosene and aircraft fuel with 319.4 million barrels, while fuel oil, oil and petroleum gas production recorded a production of 263 1 million, 221.6 million and 103.3 million barrels, respectively.
The consumption of gasoline in the countries of the Cooperation Council in 2023 amounted to 336.6 million barrels, while the consumption of gas oil (diesel) reached 299.7 million barrels, while the rest of the derivatives witnessed varying quantities between 34.8 million and 268.3 million barrels.
With regard to natural gas, the reserves of the Cooperation Council countries in 2023 amounted to 44.195 billion cubic meters, which represents 21.4% of the total global reserves of this article, and an increase of 0.2% compared to 2022.
The export of the Cooperation Council countries for natural gas in 2023 recorded about 180.9 billion cubic meters, which represents 13.1% of the total global export, and an average annual growth rate in exports amounted to 2.5% during the period from 2014 to 2023.
The production of the countries of the Cooperation Council of natural gas marketed in 2023 amounted to 464.2 billion cubic meters, which represents 10.8% of the total global production, recording a rise of 1.4% compared to 2022.
In renewable energy indicators, the capacity of renewable energy plants in the GCC countries reached about 10 thousand and 742 megawatts in 2023, recording an increase of 74.7% compared to 2022, as the capacity increased, especially in recent years, in light of the council’s implementation of policies related to the use of use Renewable energy instead of fossil energy.
The energy produced from the stations in 2023 amounted to 14,403 gigawatts per hour, an increase of 72.4% compared to 2022.
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