Norway dropped to fifth place among the world's crude oil exporters last year as the nation's production declined, the Norwegian energy ministry said.
The United Arab Emirates replaced Norway as the world's third-largest exporter after Saudi Arabia and Russia, Sissel Edvardsen, a spokeswoman for the ministry, said today in an interview. Iran currently holds fourth place, she said.
Edvardsen declined to give specific figures for each nation's export levels in 2006 and said the ranking was based on ``figures we use at the ministry.''
Norway's crude oil output fell 7.8 percent last year as companies such as Statoil ASA and Norsk Hydro ASA struggled to replace dwindling oil reserves from maturing fields in the North Sea, the country's petroleum directorate said yesterday. The nation is boosting natural-gas production as it pumps less oil. Gas output rose 3.1 percent in 2006.
In January, Norway pumped about 2.419 million barrels of crude oil a day, preliminary figures from the petroleum directorate showed. It also produced about 364,000 million barrels a day of condensate and natural gas liquids.
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