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In 2009 the largest share of oil production was in the Middle East (24 million barrels daily, or 31 per cent of global production). According to Transparency International based on BP data regionally the largest share of proved oil reserves is in the Middle East (754 billion barrels, constituting 51 per cent of global reserves including oil sands and 57 per cent excluding them).
Download as PDF; Printable version; ... Oil fields of the Middle East (11 C) B. Energy in Bahrain (2 C, ... Pages in category "Energy in the Middle East"
MEES (Middle East Economic Survey) is a weekly newsletter published by Middle East Petroleum and Economic Publications Ltd. Founded in Beirut Lebanon in 1957 by Fuad W. Itayim, Middle East Economic Survey provides comprehensive source of news and analysis of energy, financial, economic and political developments in the Middle East and North Africa countries.
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for ...
The production contracts, which foreign oil companies enter into with the Iraqi federal or regional governments, often include revenue-sharing terms as well. [2] [16] Additionally, in the last few years oil production in Iraq has increased rapidly and seems to be headed in even more of a direction where it will be even more heavily relied on. [17]
Oil fell on Thursday as traders assessed the ongoing conflict in the Middle East, and hotter-than-expected economic output in the US suggested the Federal Reserve will stay on its path of higher ...
In 1939, the first modification gave the Arabian American Oil Company a greater area to search for oil and extended the concession until 1949, increasing the original deal by six years. In return, ARAMCO agreed to provide the Saudi Arabian government with large amounts of free kerosene and gasoline , and to pay higher payments than originally ...
In 2013, the Islamic State began to concentrate less on the north of Syria and more on its east, in recognition of the importance of control oil fields for its operations, in particular the fields in the Deir Ezzor region such as the al-Omar, the Deiro and the al-Tanak fields, and outside this region, the al-Jabsah fields and al Tabqa fields. [13]