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CHAPTER ONE
Developments in Global Markets
There are four countries where their consumption of petroleum
products exceeded the rate of increase in the overall average of
OAPEC member countries. These countries are: Iraq and Qatar
with a rate of 8.9% each, and Saudi Arabia and Libya with a rate of
5.1% each. The consumption of petroleum products in the member
countries has increased by about 337 thousand boed in 2012. It is
mainly attributable to four countries: Libya (139,000 boe/d), Saudi
Arabia (84,000 boe/d), Iraq (49,000 boe/d) and Qatar (27,000 boe/d).
The increase in the consumption of petroleum products in these four
countries, accounted for 88% of total increase in consumption of
OAPEC member countries in 2012.
Table (1-22)
.
The relative importance of petroleum products in total energy
consumption varies from one member country to another. Petroleum
products met over 50% of energy requirements in five OAPEC
members, in Saudi Arabia petroleum products accounted for 56.8%
of total energy consumption, in Tunisia 65.1%, in Syria 71.8%, in
Iraq and Libya 79.2% each. In the remaining OAPEC members the
share of petroleum products was as follows : 12% in Bahrain, 15.4%
in Qatar, 22% in United Arab Emirates, 39.2% in Algeria, 42.4% in
Egypt and 48.4% in Libya.
2-2-3 Hydroelectricity and Coal
In general, Arab countries suffer from scarcity of water resources,
so hydroelectric power consumption is limited to five member
countries, these countries are: Egypt, Iraq, Syria,Algeria, and Tunisia.
Even in these five countries the consumption of hydroelectric power
was very small as it does not exceed 80 thousand boe/d in 2012,
of which 63 thousand boe/d in Egypt. The share of hydroelectricity
consumption in total OAPEC energy consumption did not exceed
0.65% in 2012.
Table (1-23)
.
Coal plays a very marginal role in meeting energy requirements
in OAPEC member countries, Consumption of coal in OAPEC
