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After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

The list of the world's top 10 oil-producing countries in 2023 has finally taken shape. With an average of 12.93 million barrels per day, the United States ranks first among major oil producers, and it is the fifth re-election since 2018, when it successfully surpassed Russia and Saudi Arabia to become the world's largest oil producer.

After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

According to the U.S. Energy Information Administration, crude oil production is expected to reach a record 13.2 million barrels per day in 2024, once again topping the global list. The production increase actions of "emerging oil producers" led by the United States are offsetting the "OPEC+" production cuts.

By the way, refute the rumors

Some media reports that the average U.S. oil production is around 20 million barrels per day is a confusion of "petroleum, crude oil, liquid fuel". Based on data published by the U.S. Energy Administration, the U.S. will produce 12.93 million barrels of oil per day in 2023, while liquid production will average 20.23 million barrels per day.

The so-called "liquid fuel" includes "LNG (liquefied natural gas), biomass fuels made from corn and edible oil, and man-made fuels made from carbon monoxide and hydrogen" in the liquid state, including oil extraction data.

Petroleum crude oil is just one of the liquid fuels that have not yet been processed. Even in most countries, "oil and crude oil are the core of liquid fuels", but this is not the whole story, and the two cannot be equated. Liquid fuels, in particular, refer to all energy sources that exist in a liquid state.

After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

Data sharing among the other nine major oil producers

In 2023, the average daily production of Russian oil crude oil and its derivatives reached 13.65 million barrels. Among them, "the average daily production of crude oil is around 10 million barrels", ranking second only to the United States, and continues to occupy an extremely important position in the world – especially for us, China.

Russia sold more than 100 million tons of oil to China in 2023, once again becoming the mainland's largest oil import channel. A barrel of Russian oil sells for around $77.6, while China's average price of imported oil in the same period was $82 per barrel, a 5.4 percent cheaper.

Saudi Arabia's average oil production in 2023 ranked third with just over 9 million barrels per day. However, Saudi Arabia's own oil consumption is low, and its "net oil exports" still rank ahead of Russia and the United States, and it is still the world's largest oil exporter.

Canada, the world's fourth-largest oil and crude oil producer, produced an average of 5.84 million barrels per day in 2023. The fifth place is no longer Iraq in previous years, but China, with an average daily production of about 4.2 million barrels per day in 2023, which is also a historic leap.

After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

As of December 28, 2023, Daqing Oilfield has produced 30.041 million tons of crude oil during the year, maintaining a hard and stable production of 30 million tons for 9 consecutive years, and as of November 30, 2023, Changqing Oilfield has produced 60.0985 million tons of oil and gas equivalent, of which 23.5902 million tons of crude oil has been produced......

In addition, located in the hinterland of the Taklamakan Desert in Xinjiang, China's first 10,000-meter exploration well, PetroChina Deep Taco 1, was drilled to 9,850 meters underground, setting a record for the deepest well in Asia.

In addition, offshore oil and gas exploration and development in mainland China continues to make efforts. In 2023, the output of offshore crude oil will exceed 62 million tons, an increase of more than 3.4 million tons year-on-year, accounting for about 70% of the country's crude oil increase, and has become the main channel for China's oil production increase.

Iraq's oil production averages around 4.1 million barrels per day, dropping to sixth place in the world, Brazil's oil production in 2023 averages around 3.7 million barrels per day, ranking seventh, and the United Arab Emirates' oil production averages about 3.2 million barrels per day, making it the world's eighth-largest oil producer.

After defeating Iraq, China's oil production rose to the fifth place in the world! Who are the top four?

In ninth place is Iran, with an average oil production of about 3 million barrels per day in 2023, and in tenth place is Kuwait, with an average oil production of about 2.5 million barrels per day. This is followed by Mexico, Kazakhstan, Norway, Nigeria, Qatar, Libya, Angola and other countries. This article is written by Nansheng, please do not reprint or plagiarize without authorization!

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