19.1.4

Oil & Natural Gas in the Middle East

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Oil and Natural Gas

OPEC estimate 65% of the world’s oil reserves are in the Middle East.

Regional distribution of oil reserves

Regional distribution of oil reserves

  • The distribution of oil reserves in the Middle East varies across the region:
    • Saudi Arabia – 36.6 billion tonnes producing 569 million tonnes per year.
    • Iraq – 19.3 billion tonnes producing 197 million tonnes per year.
    • United Arab Emirates – 13 billion tonnes producing 176 million tonnes per year.
Natural Gas

Natural Gas

  • The Middle East also has one of the highest reserves of Natural Gas in the world, accounting for 32% of the global reserves.
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