Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

The Investment Challenge For Oil Producing Countries*

By Bassam Fattouh

The following article was written for MEES by Dr Fattouh, Lecturer in Financial Studies, Department for Financial and Management Studies, School of Oriental and African Studies, University of London.

1. Introduction

Until very recently, there were serious doubts about OPECs ability to cut production and maintain oil prices within the $22-28/B price band. In 1998,...