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THE MIDDLE EAST

 

After a drop in oil production in 2002 due to enforcement of OPEC quotas output from the Middle East has grown substantially and this will continue through to 2015 as supplies from non-OPEC countries reduce.

 

Onshore regions saw most quota restrictions after 1986 and these will show the strongest growth. Offshore output will peak in 2011/12.

 

Gas production is set to increase substantially, the majority coming from Iran, Saudi Arabia and Qatar.

 

The Middle East is expected to see some growth in oil consumption through to 2010, especially in Iraq, before flattening off as prices rise. Gas consumption is also expected to increase as new supplies are developed.

 

After rebounding in 2002 continued growth in exports is forecast, from the major exporters and especially from Iraq. Net gas exports from the region, which began around 2000, will also persistently and rapidly increase.

                                                                                       

Population

 235 million

 

Onshore area

(000's sq kms)

 

 

Offshore area

(000's sq kms)

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 An up-to-date low cost oil and gas production and consumption forecast report on this region can be commissioned, including all relevant charts. Contact us for price and contents list.

 

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(All photographs in this website are © 2008 Dr Michael R. Smith).