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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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    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views2 pages

    Data

    Uploaded by

    Chika Albert
    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    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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