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This document contains statistics on oil production, consumption, consumption per capita, and reserves in Nigeria from 1981 to 2010. It aims to model the oil variables using time series analysis and study the relationships between production, consumption, consumption per capita, and reserves over this time period. The table shows that oil production peaked in 2010 at 2.348 million barrels per day, consumption peaked in 2008 at 310,000 barrels per day, consumption per capita peaked in 2006 at 2.35 barrels per day per 1000 people, and reserves peaked in 2008 at 38.52 million barrels.

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Chika Albert
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© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
7 views

Data

This document contains statistics on oil production, consumption, consumption per capita, and reserves in Nigeria from 1981 to 2010. It aims to model the oil variables using time series analysis and study the relationships between production, consumption, consumption per capita, and reserves over this time period. The table shows that oil production peaked in 2010 at 2.348 million barrels per day, consumption peaked in 2008 at 310,000 barrels per day, consumption per capita peaked in 2006 at 2.35 barrels per day per 1000 people, and reserves peaked in 2008 at 38.52 million barrels.

Uploaded by

Chika Albert
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Date

1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010

Production
(million bbl/day)
1.524
1.603
1.599
1.698
1.573
1.632
1.702
1.667
1.765
1.557
1.932
1.806
1.791
1.840
1.833
1.701
1.776
1.849
1.643
1.994
2.256
2.297
2.313
2.369
2.445
2.417
2.352
2.275
2.211
2.348

nigerianstat.gov.ng

Consumption
(bbl/day)
241,000
245,000
247,000
256,000
251,000
249,000
246,000
258,000
249,000
243,000
254,000
266,000
269,000
270,000
261,000
259,000
264,000
271,000
267,000
253,000
275,000
292,000
310,000
290,000
299,000
299,000
300,000
289,000
280,000
282,000

Consumption/capita
(bbl/day/1000pple)
1.58
1.56
1.88
1.78
1.43
1.59
1.86
1.73
1.66
2.01
1.82
1.77
1.84
2.00
1.91
1.88
1.89
1.83
1.99
2.01
2.11
2.29
2.05
2.00
2.14
2.35
2.15
2.13
2.09
1.84

Reserves
(million/bbl)
2.54
3.03
3.65
3.98
5.29
5.76
9.31
9.66
9.89
12.02
12.43
12.78
14.21
14.52
19.00
19.77
19.98
20.87
23.03
23.59
23.76
27.97
27.19
34.43
36.27
36.25
36.11
38.52
38.33
37.51

TOPIC: Application of statistics on Oil variables.


(A case study of the Nigerian Economy.)
AIMS:
1. To model the oil variables using time series.
2. To study the nature of relationship between the variables.

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