VOL. XLII

No. 27

5-July-1999

GENERAL

Gulf Countries Oil Exports To OECD Rise To 10.2Mn B/D In1998

The Gulf countries (the Gulf Cooperation Council (GCC)states plus Iran and Iraq) exported 17.1mn b/d of oil in 1998, with 10.22mn b/dgoing to OECD countries (US, Europe and Japan), or an increase of 693,000 b/dover exports to OECD countries in 1997, according to the US Energy InformationAdministration (EIA) - see table below.

US net oil imports from the Gulf in 1998 rose to 2.136mnb/d, compared to...