A supply model for crude oil and natural
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R. Chedid; M. Kobrosly; R. Ghajar
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Article
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2007
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Elsevier Science
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English
⚖ 420 KB
Crude oil (CO) and natural gas (NG) play an important role in the world economy. The Arab countries (ACs) share 64% of the total oil reserves and 40% of the NG reserves [OPEC, 2003. The Annual Statistical Bulletin]. On the production side, ACs contribute to 30% and 9% of the world production of CO a