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It was created on January 27, 1987, in Lagos, Nigeria, to serve as a platform for cooperation and harmonization of efforts, collaboration, sharing of knowledge and skills among African oil producing countries. The headquarters of the organization is in Brazzaville in the Congo. The Organization changed its name from African Petroleum Producers ...
Top 5 oil-producing countries 1980–2022 World oil production. This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Geo-Jade Petroleum. Shaanxi Yanchang Petroleum. Sinochem. China Petrochemical Corporation. Southernpec. The Hong Kong and China Gas Company. United Energy Group. Indian Oil Corporation Limited. India.
The Organization of the Petroleum Exporting Countries (OPEC, / ˈoʊpɛk / OH-pek) is an organization enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence the global oil market and maximize profit. It was founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq ...
Sonatrach is the 12th largest oil consortium in the world, with 154 subsidiaries operating over the entire oil value-chain from upstream, to midstream, and downstream activities. [6] In 2002, its gross sales was 1,530 billion Algerian dinars for a net income of 175 billion. With approximately 120,000 workers, the company produced 30% of the GNP ...
China National Petroleum Corporation (PetroChina) Jinzhou Petrochemical Refinery, 112,000 bbl/day. WEPEC Dalain Refinery, 200,000 bbl/day. Sinopec Jinan Company, 21,000 bbl/day. Sinopec Qilu Company Refinery, 195,000 bbl/day. Sinopec Shanghai Gaoqiao Oil Refinery, 220,000 bbl/day.
Other geographic regions' consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world consumes 36 billion barrels (5.8 km 3) of oil per year, [1] with developed nations being the largest consumers. The United States consumed 18% of the oil produced in 2015. [2]
Occidental Petroleum was founded in Los Angeles, CA in 1920. [5] In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. [6] The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom.