The Importance of the Middle East Oil and Natural Gas

The

Importance of the

Middle East Oil and Natural Gas

Professor

Musaed N J Al-Awad

INGAS 2009 3rd International Symposium on Natural Gas Istanbul Turkey 9-10 June 2009

(1)

جامعة الملك سعودndashكلية الهندسة ndashقسم هندسة البترول والغاز الطبيعي

المملكة العربية السعوديةndashالرياض

Petroleum and Natural Gas Engineering Department

College of Engineering King Saud University - Riyadh - Saudi Arabia

GAS

OIL

1973

GAS

OIL

1973

The Presentation Outlines

1) Historical Overview on Oil and Natural Gas

2) Oil and Natural Gas Reserves and Geographic Distribution

3) Definition of the Arabian Tectonic Plate (The Middle East)

4) Merits of Oil and Natural Gas in the Middle East

5) Prediction of the Future Worldrsquos Oil Supply and Demand

6) Conclusions and Recommendations

(2)





GAS

OIL

1973

GAS

OIL

1973

Discovery and utilization of oil and natural gas goes back

hundreds of years when oil pits were known since 450 BC and

used by the Egyptians Babylons and Chinese for flaming

torches medicine and water proofing

In 1859 Colonel Edwin Drake produced oil from the first

modern oil well drilled using rotary drilling technique in

Pennsylvania

Oil was discovered in many parts of the world in Venezuela

1878 in Indonesia 1885 in Iran 1908 in Mexico 1910 in

Bahrain 1932 in Kuwait and Saudi Arabia 1938 In 1956

oil was discovered in Algeria and Nigeria and in 1969 oil

was discovered in North Sea

(3)





GAS

OIL

1973

GAS

OIL

1973

The importance of oil and natural gas as main energy sources

comes from the fact that there are no other competitive and

widely available energy sources

Energy sources available nowadays

03Others

35Hydro 108

70Nuclear

233Coal

238Natural gas

100

892659

421Crude oil

Percentage usage Energy source

(4)





GAS

OIL

1973

GAS

OIL

1973

(5)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es

Worldwide oil reserves

Location

World total

Central and South America

North America

Africa

Europe

USSR

Asia

Middle East

Oil Reserves Billion bbl

686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973

Arabian Tectonic Plate (The Middle East)

(7)





GAS

OIL

1973

GAS

OIL

1973

Ghawar Super Giant Oil Field

KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973

The importance of the Arabian Tectonic plate (Middle East)

comes from the following merits

bull About 68 of oil reserves and 38 of natural gas are

located in this area

bull Giant and super-giant oil and natural gas reservoirs are


bull All the reservoirs in this area produce at maximum

productivity

bull All the reservoirs in this area produce naturally

from medium depth wells

(9)





GAS

OIL

1973

GAS

OIL

1973



bull High quality oil and natural gas are produced from this

area

bull Production cost per barrel is the minimum in the global

bull All types of oil and natural gas are available in this area

bull This area has a strategic location relative to consumers

bull This area is tectonically stable and away from tornados

and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973

History of oil and natural gas discovery in the Middle East

30 (003)MarebJawf198429 (024)MarebJawf1984Yemen

351 (037)Habeebad-2 1998 56 (047)Natih1960Oman

1995 (02)NA199930 (0255)Karachuk1956Syria

2121 (23)Abu Rabah 1999 978 (814)Ras Sadr1950UAE

910 (980)North Dome1971152 (127)Dukhan1939Qatar

1015 (11)Raudhatain2000 1015 (85)Burqan1938Kuwait

2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain

110 (118)NA2001 115 (109)Naft Khaneh1923Iraq

940 (101)South Pars1988 137 (13)Masjid-i-Sulaiman1908Iran

Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)

Free Natural Gas discoveryCountry total

proved reserves

Billion bbl

________

( of World)

Oil discoveryCountry

(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa

19264Rest of the Middle East

28324Latin and South America

63447Rest of Asia

792712Former USSR

643110Europe

1143217North America

Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya

NANANANigeria Ecuador Gabon

Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia

Production Million bbldayRelative Productivity Country No of Giant Oil Fields

The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973

340741930VenezuelaBashakiro10

460501951Saudi ArabiaSaffania9

140201938IranAga Jarri8

610901964IranMaroon7

410881928IranGash saran6

520601946Saudi ArabiaAbgeeg5

811201938KuwaitBurgan4

640941926VenezuelaLangonela3

610901927IraqKarkuk2

304501948Saudi ArabiaGhawwar1

Productivity

Million bblday Discovery DateCountryOil Field

Worldrsquos Giant and Super Giant Oil Fields

(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19

270401959LibyaNasser (Zalton)18

680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16

140201944IndonesiaMinas15

260201961LibyaSareer14

810121961

Algeria

Bebi Hakeemah13

371201953IraqRumailah12

310541960UAEMurban11

Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973

Numbers and Productivity of Worldwide Oil Fields

Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973

11USA161578UAE ( Dubai)8

44China151592Indonesia7

200Venezuela141595UAE (Abu Dhabi)6

642Algeria131728UK (North Sea)5

875Mexico122278Kuwait4

940Nigeria113221Iran3

947Libya105140Norway (North Sea)2

1252Iraq95623Saudi Arabia1

Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country

Worldwide Average Well Productivity

(16)





GAS

OIL

1973

GAS

OIL

1973

-17675019Rest of the World

-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country

Worldwide Oil Production and Consumption

World oil demand is increasing annually in the range of 25

corresponding to 18 to 20 million bblday and the world production

is increased in the same rate so far helliphelliphelliphelliphellip For how long

OPEC spare oil production capacity of 3 to 5 million bblday satisfies

any future lack in world oil production helliphelliphellip For how long

(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150

Oil Consumption Period year

Mil

lion

s O

il b

bl

da

y

World Oil DemandWorld Oil ProductionOPEC Spare Production

Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas

Giant and super giant

oil and gas fields

Huge reserves of high

quality hydrocarbons

Low domestic

consumption

Natural production

at high rates

Excellent geographic

location Minimum production

cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)

العزم و الإصرار و الإرادةإذا كان بيد أحدكم فسيلة و إستطاع انrdquo

ldquoيغرسها قبل ان تقوم الساعة فليفعل





GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973

Currently there is no readily available source of energy other than oil

and natural gas that the world can rely on

The utilization of other energy sources available today costs a lot This

unaffordable cost is needed to convert current technology equipment to

utilize any alternative energy sources

Oil production from the giant and super giant oil fields (most of them are

located in the Middle East) represent 47 of the total world oil production

The Middle East will provide the world with the necessary oil currently and

in the future This is because there are numerous undeveloped fields and

unexplored areas especially in Saudi Arabia and Iraq

Conclusions and Recommendation

(24)





GAS

OIL

1973

GAS

OIL

1973

Current increase in oil prices is not influenced by supply and demand but

it could be due to oil exchange markets political issues weather fluctuation

or disasters etc


Oil fields productivity can be increased tremendously if new production

technologies are developed

It is possible to increase current world oil reserves by developing effective

enhanced oil recovery techniques (EOR or IOR)

Producing oil fields above its critical production rate will damage or decrease

its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973

لئن شكرتم لأزيدنكم ولئن كفرتم

إن عذابي لشديدصدق الله العظيم

قال الله تعالى

)7الآية إبراهيم(

(26)





GAS

OIL

1973

GAS

OIL

1973

The Presentation Outlines

1) Historical Overview on Oil and Natural Gas

2) Oil and Natural Gas Reserves and Geographic Distribution

3) Definition of the Arabian Tectonic Plate (The Middle East)

4) Merits of Oil and Natural Gas in the Middle East

5) Prediction of the Future Worldrsquos Oil Supply and Demand

6) Conclusions and Recommendations

(2)





GAS

OIL

1973

GAS

OIL

1973







Pennsylvania






(3)





GAS

OIL

1973

GAS

OIL

1973





03Others

35Hydro 108

70Nuclear

233Coal

238Natural gas

100

892659

421Crude oil


(4)





GAS

OIL

1973

GAS

OIL

1973

(5)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es


Location

World total


North America

Africa

Europe

USSR

Asia

Middle East


686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973







Pennsylvania






(3)





GAS

OIL

1973

GAS

OIL

1973





03Others

35Hydro 108

70Nuclear

233Coal

238Natural gas

100

892659

421Crude oil


(4)





GAS

OIL

1973

GAS

OIL

1973

(5)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es


Location

World total


North America

Africa

Europe

USSR

Asia

Middle East


686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973





03Others

35Hydro 108

70Nuclear

233Coal

238Natural gas

100

892659

421Crude oil


(4)





GAS

OIL

1973

GAS

OIL

1973

(5)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es


Location

World total


North America

Africa

Europe

USSR

Asia

Middle East


686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

(5)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es


Location

World total


North America

Africa

Europe

USSR

Asia

Middle East


686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

39

tim

es


Location

World total


North America

Africa

Europe

USSR

Asia

Middle East


686

30

77

19

77

50

99

1047

655

37

74

17

74

48

95

100

(6)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973


(7)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973


KSA 66 Billion bbl

280 km

25 km

(8)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973








productivity



(9)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973




area





and earthquakes

(10)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973








2435 (27)Kidan19672642 (25)Dammam1938KSA

029 (003)NA1932 01 (001)Awali1932Bahrain



Location

(field)

YearLocation

(field)

Year

Country total

proved reserves

Trillion ft3

_______

( of World)


proved reserves

Billion bbl

________

( of World)


(11)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

28325Africa



63447Rest of Asia

792712Former USSR

643110Europe


Rest of the World

12332Indonesia

295910Venezuela

08442Algeria

13657Libya


Rest of OPEC

065773Qatar

18893Kuwait

22957UAE

255965Iraq

375110Iran

11927Saudi Arabia


The Middle East

OPEC

(12)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973











Productivity



(13)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

680101961

Venezuela

Gialo20

270401966

Libya

Sasan19


680101928

Iran

Tia Juana17

130191956

Iran

Hasi Masaood16



810121961

Algeria

Bebi Hakeemah13



Productivity



(14)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973


Small 53

Super giant 20

Giant 15

Medium 12

116 f

ield

s p

rod

uce

47

(15)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973









Average Well

Productivity

bblday

CountryAverage Well

Productivity

bblday

Country


(16)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973


-172692USA

+3474179OPEC

Net

Consumption

Production

Reserve

Country







(17)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

202220182014201020062002199819941990

60

70

80

90

100

110

120

130

140

150


Mil

lion

s O

il b

bl

da

y


Dem

an

d w

ill

be

co

ver

ed

b

y O

PE

C s

pa

re p

rod

uct

ion

(18)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

The importance

of the Middle East

oil and gas


oil and gas fields



Low domestic

consumption

Natural production

at high rates



cost per barrel

(19)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

(20)







GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

(21)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

(22)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

(23)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973












(24)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973



or disasters etc







its productivity

(25)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973





(26)





GAS

OIL

1973

GAS

OIL

1973

Documents

The Importance of the Middle East Oil and Natural Gas