09-07-03 OPEC has been losing its share on the world oil market in favour of other countries since 2000. This results from a report of the oil concern BP (UK). According to the report, only Russia has raised its oil production by 25 % since 2000.
In mid 2003, the country controls nearly 11 % of the world oil market. In 2002 Russia was exploiting 7.7 mm bpd of oil on average. According to the government's long-term power energy strategy of May 2003, the country should be producing 9.0-9.8 mm bpd barrels.

The report also says that other countries using the sources of the Caspian Sea are aiming to raise their share on the world oil market. They include Kazakhstan, which doubled its oil production to 47.2 mm tons from 1996 to 2002.
Three key out-of-OPEC regions, namely Russia, Canada and the Atlantic coast, have increased their oil production by 3.3 mm bpd barrels, 26 %, since 2000. According to BP, by 2007 they could raise their production by another 5 mm bpd barrels.

OPEC lowered its production for the second year in succession in 2002, by 6.4 % to 28.2 mm bpd barrels. This corresponds to 38.4 % of the world market.
The world oil consumption grew by 0.7 % to 75.7 mm bpd barrels in 2002 compared to 2001. All the growth went to the account of China, which consumed 246 mm tpy, overtook Japan and ranked second after the USA, which consumed 894.3 mm tpy.