Middle East Economic Survey


No 5



Gulf Producers Dominate New Oil Production In 2006

After two years of strong oil prices, the focus is now firmly on oil sector investment as producers strive to bring new oil developments on-stream. With some of the smaller regional producers working hard to stabilize and then reverse declining oil production, the larger Gulf producers are set to dominate the new capacity in 2006, although the Caspian, both in terms of...