₦airaland Forum

Think OPEC members only export oil? Think again. Some of the world's biggest producers are also their own biggest customers.
In 2024, internal demand reveals a lot about industrial growth and energy needs across the member nations. Check out the latest barrels-per-day (b/d) breakdown:👇

Domestic oil consumption of OPEC members (2024)

1. Saudi Arabia 🇸🇦: 3.39m b/d
2. Iran 🇮🇷: 1.86m b/d
3. United Arab Emirates 🇦🇪: 1.02m b/d
4. Iraq 🇮🇶: 977,000 b/d
5. Nigeria 🇳🇬: 483,000 b/d
6. Kuwait 🇰🇼: 468,000 b/d
7. Algeria 🇩🇿: 467,000 b/d
8. Libya 🇱🇾: 318,000 b/d
9. Venezuela 🇻🇪: 276,000 b/d
10. Gabon 🇬🇦: 47,000 b/d
11. Congo 🇨🇬: 8,000 b/d
12. Equatorial Guinea 🇬🇶: 5,000 b/d

b/d: barrels per day
*OPEC: Organization of the Petroleum Exporting Countries

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#TheCableIndex

Source

What's Nigeria doing up there

How are this small countries consuming oil like this?

Dem dey drink am?

DrMB:
Think OPEC members only export oil? Think again. Some of the world's biggest producers are also their own biggest customers.
In 2024, internal demand reveals a lot about industrial growth and energy needs across the member nations. Check out the latest barrels-per-day (b/d) breakdown:👇




Source

How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

success1smyn:
How are this small countries consuming oil like this?

Dem dey drink am?

cars, equipments/ machines etc

Watcharena:
cars, equipments/ machines etc

I know but the consumption is way too much and we are talking about going green, how?

Nigeria might probably have the most expensive oil price compared to minimum wage if checked.

Olu1000:
How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

na developed country them be

Doesn't Canada export oil?

BTW if you include black market Nig will be highest

success1smyn:
I know but the consumption is way too much and we are talking about going green, how?

Going green is still a dream for now..... it'll take years before even advanced countries achieve it by 60% talk more of developing and underdeveloped countries.

So America is not consuming oil abi?

That tells the entire story. Saudi is a productive nation. Nigeria is not

Olu1000:
How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

What happen to Prince Arthur Eze Oranto Petroleum contract in Venezuela

oyeb15:
So America is not consuming oil abi?

America is not a member of OPEC.

Olu1000:
How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

I doubt that figure too.

Can't be true in my opinion.

No heavy industry. Most of their stuff are imported so what are they using that amount of Crude for per day?

See my fellow countrymen asking stupid questions

They are shocked at the statistics

When will tell them that quality of life of Nigerians has reduced, ability to even transport themselves and move about has been severely affected by dranconian policies they call you named

They say you are obedient

Nigerians hard more miserable now that is what this statistic has shown

QED

oyeb15:
So America is not consuming oil abi?

America is not a Member State.

oyeb15:
So America is not consuming oil abi?

OPEC members. America isn't one.

success1smyn:
How are this small countries consuming oil like this?

Dem dey drink am?

large economies with high productive capacity consume more energy. There are people that "I better pass my neighbor generator" can power their apartments, while others need bigger power production to power their apartments. The same way with economies and crude oil consumption.

Saudi with 35m people consume 8 times more than Nigeria. Kuwait with 3m people consume almost same as Nigeria. Algeria with 28m people consume almost same with Nigeria with 229 million people. Iraq that spent Las two decades in conflict with 44m people consume double Nigeria. Kai poverty dey Nigeria

Fynx:
That tells the entire story. Saudi is a productive nation. Nigeria is not

How much production goes on in Saudi Arabia? Last I checked,Saudi Arabia isn't anymore industrialized than South Africa or Morocco.

Gotocourt:
What happen to Prince Arthur Eze Oranto Petroleum contract in Venezuela

Izzgone baby!

Otilor one-time!

should I put dis on repeat?

If the report had said Nigeria was consuming 1 million b/d , Nigerians would have said they are stealing it.

Nobody can save Nigerians from themselves.

Mattswaggz:
Going green is still a dream for now..... it'll take years before even advanced countries achieve it by 60% talk more of developing and underdeveloped countries.

True talk my brother.
It'll take time.

Do you know how millions of Islamist visit Saudi Arabia for pilgrimage?

Olu1000:
How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

Olu1000:
How come Saudi Arabia with 35 million people consumes three times more fuel than Nigeria?

Crude oil value chain optimization via domestic refining and export of Petroleum products.

COMRADES, this data shows how poverty is ravaging Nigeria with the population of 200m, but could not consume just 500,000 barrel per day

nedu666:
Saudi with 35m people consume 8 times more than Nigeria. Kuwait with 3m people consume almost same as Nigeria. Algeria with 28m people consume almost same with Nigeria with 229 million people. Iraq that spent Las two decades in conflict with 44m people consume double Nigeria. Kai poverty dey Nigeria

This is not about consumption as per say.. This is actually stating how many barrel of crude oil the country is able to refine despite the amount of crude they produce daily... It shows the amount been supply to Dangote for now since that's is the only refinary we have.... Saudi Arabia.. Have that figure because all the fuel they use is been produce in their country... The remaining is what will be sell out... That is sufficiency.. Our own is still in development stage

DrMB:
Think OPEC members only export oil? Think again. Some of the world's biggest producers are also their own biggest customers.
In 2024, internal demand reveals a lot about industrial growth and energy needs across the member nations. Check out the latest barrels-per-day (b/d) breakdown:👇

Source

People are getting this statistic wrong, this is not about fuel.. This is amount of crude oil each opec member are able to refine locally despite their output on crude oil per year.. As we all know we only have one refinary for now which is Dangote... Until we fulfill crude for cash obligation sign by Buhari for Ten years the amount will not increase

How Can Venezuela Have the largest oil Reserves in The World And Still be Poor…
While Saudi Arabia is insanely Rich?

It Them Means That The Leadership is Guilty, Corrupt, Senseless,Directionless, Irresponsible And Indiscipline Just Like Nigeria Leadership