Exports/Imports - Oil

Question 1

Largest exporter of oil in the world:

Answer 1

Saudi Arabia

Question 2

Name 5 top oil exporters in the world in 2013:

Answer 2

1. Saudi Arabia
2. South and Central America
3. Canada
4. United States
5. ‘Other’ Asia Pacific

Question 3

Name 5 top oil importers in the world in 2013:

Answer 3

1. Europe
2. United States
3. “Other” Asia Pacific
4. China
5. Japan

Question 4

How much oil (in b/d) did the US export in 2013?

Answer 4

3.2 million b/d

Question 5

How much oil (in b/d) did the US import in 2013?

Answer 5

9.7 million b/d

Question 6

Name five leading countries in terms of exporting natural gas in 2013.

Answer 6

1. Russian Federation
2. Qatar
3. Norway
4. Canada
5. Netherlands

Question 7

Where did the US rank in 2013 in terms of gas exports?

Answer 7

Sixth, behind Netherlands and just ahead of Algeria.

Question 8

How much natural gas (in cubic feet) did the US export in 2013?

Answer 8

1.5 trillion cubic feet

Question 9

How much natural gas (in cubic feet) did the US import in 2013?

Answer 9

2.8 trillion cubic feet

Question 10

What share of US petroleum imports came from OPEC countries in 2013?

Answer 10

3. 7 million b/d from the OPEC
4. 7 million b/d in petroleum imports

3.7 / 9.7 = 0.38

or

38%

Question 11

What share of total OPEC exports is consumed by the US?

Answer 11

23%

Question 12

How much natural gas did Europe import from Russia in 2013 (in euros)?

Answer 12

166 billion EUROS

Question 13

What proportion of Europe’s total consumption of natural gas comes from Russia?

Answer 13

about 30%

Question 14

What portion of Russia’s total exports are exports of fuels sent to Europe?

Answer 14

About 80% of Russia’s total exports

Question 15

What is Gazprom?

Answer 15

Gazprom is the largest extractor of natural gas in the world. It headquarters are in Moscow.

Question 16

Where does Russia extract most of its natural gas, and what company is in charge of the extraction/distribution process?

Answer 16

Russia extracts most of its natural gas via the largest natural gas extractor in the world, Gazprom.

Gazprom primarily extracts from the Gulf of Ob. on the northern coast of Russia. Additionally, the company plans to extract from the Yamal Peninsula.

Question 17

How many gallons of oil are in one barrel?

Answer 17

42 gallons

Question 18

How many countries are members of OPEC?

Answer 18

12

Question 19

Where did OPEC originate? When was it established and who were its original members?

Answer 19

OPEC was established in Baghdad, Iraq.

September of 1960

It initially consisted of five countries:

1. Iraq
2. Kuwait
3. Saudi Arabia
4. Iran
5. Venezuela

Question 20

What countries make up the Organization of Petroleum Exporting Countries?

Answer 20

Originals:

1. Iraq
2. Iran
3. Kuwait
4. Saudi Arabia
5. Venezuela

Joined later on…

6. UAE
7. Nigeria
8. Algeria
9. Ecuador
10. Qatar
11. Libya
12. Angola