Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

OPECs Golden Jubilee

By Saleh Jallad, Publisher of MEES, to mark the 50th anniversary on 14 September 2010 of the foundation of OPEC.

By the year 1973 the Middle East, which today includes the 22 members of the Arab League, had ascended to the forefront of the worlds petroleum and gas activities, following the regions first oil discovery at Masjed-e-Suleyman in Iran in 1908. Hydrocarbon based energy today dominates the international economic...