Middle East oil
Crude oil reserves are the most impressive measure of the importance of the Middle East. Recent published estimates put the region's proved reserves at about 400 billion barrels (60 percent of the world total) and its productive capacity at nearly half the world total. It is this very fact of great oil productive capacity, based on vast proved reserves plus the probability of huge undiscovered potential, which gives the Middle East region a pre-eminent position in any forecast of future oil supplies. A history of operations in Iran, Iraq, Bahrain, Kuwait, Saudi Arabia, the Kuwait-Saudi Arabia Neutral Zone, Qatar, Abu Dhabi, Libya, Egypt, Oman, Dubai, and Sharjah is presented. The birth of OPEC in 1960 and the 1973 embargo and subsequent price increases are reviewed; the effects of the latter are analyzed briefly. Ten charts, six tables, and a map are included. (MCW)
- OSTI ID:
- 7113307
- Report Number(s):
- NP-21779
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
MIDDLE EAST
PETROLEUM INDUSTRY
PETROLEUM
SOCIO-ECONOMIC FACTORS
CHARGES
ECONOMIC IMPACT
GEOLOGY
OIL FIELDS
RESERVES
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INDUSTRY
PETROLEUM DEPOSITS
RESOURCES
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
290200 - Energy Planning & Policy- Economics & Sociology