Middle East Economic Survey


No 7


MEES Agenda

IOCs See Limited MENA Reserves Options, As China/India Move In

High oil prices are generating huge revenues for the worlds major oil companies. But the record prices are making the search for reserves replacement in the Middle East and North Africa (MENA) more difficult especially with China and India using state muscle to win new upstream contracts in the region, as Gerald Butt reports:

Faced with declining reserves (and in...