VOL. XLVI

No 40

06-October-2003

Middle East Crude Oil Production And Exports

The following article comprises extracts from the report Middle East Crude: Production Profile, Export Markets, Pricing Issues and Output Capacity, published in September by Hassaan Vahidy and Shahriar Fesharaki of FACTS Inc., Honolulu.

The Middle East has over half of the worlds proven oil reserves, and remains the center of gravity in the global oil market. There is no doubt that the importance of the region is poised...