BP Data Charts Mixed Fortunes For Middle East Producers In 2012
Middle East oil and gas production increased in 2012, according to the latest BP Statistical Review of World Energy.
But whilst regional oil output increased by 282,000 b/d or 0.9%, consumption rose by 362,000 b/d or 4.5%. Nevertheless, some Middle East producers played a major role in offsetting oil supply disruptions. For gas, production rose by 29.7bn cu ms or 5.4%, while...