HC Deb 28 April 1980 vol 983 c347W
Mr. Skeet

asked the Secretary of State for Energy what proportion of the free world (a) reserves of crude oil, (b) annual production of crude oil, (c) refining capacity and (d) tanker fleet is held by Organisation of Petroleum Exporting Countries member States.

Mr. Gray

It is estimated that the following are the proportions held by OPEC member States: (a) proven reserves—78 per cent.: (b) annual production in 1979—63 per cent; (c) refining capacity at the end of 1979—7.3 per cent.; and (d) registered tanker fleet—dwt—as of December 1979—3.6 per cent.