Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

OPEC

OPEC Members 2003 Primary Distillation Accounted For 10.6% Of World Capacity

Primary distillation capacity in OPEC member countries averaged around 8.67mn b/d at end-2003, constituting about 10.6% of world capacity, according to figures published in the OPEC Annual Report 2003 (See Table 1). The fall of about 3% in OPEC domestic distillation capacity was mainly due to the reported decline of about 200,000 b/d in Venezuelan refining...