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The impact of the Middle East on Pacific oil and gas markets

โœ Scribed by Paul Tempest


Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
234 KB
Volume
19
Category
Article
ISSN
0301-4215

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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