Title: Effect Of Oil On Middle East Economies
Headings: Effect Of Oil On Middle East Economies
Effect Of Oil On Middle East Economies
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2- Chapter I: Oil Company Investment in Middle East
3- Chapter II: The cooperation between the countries of the oil-producing Middle East.
4- Chapter III: The impact of the oil industry on country’s economy in the Middle East
5- Chapter IV: Oil consuming countries, and the reasons for its dependence on Middle East oil.
OUTPUT AND CONSUMPTION PETROLEUM PRODUCTS -2009 (1,000 b/d)
The contribution of world oil reserves as follows:
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QATAR
ABU DHABI
SAUDI ARABIA
6- Conclusion
REASONS FOR OIL PRICE RISE
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Content: It is also known as Gulf Cooperation Council. The Council has 6 members i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. Unified economic agreement signed in November 1981. The agreement for economic integration with neighboring states. The country i.e. Yemen is negotiating to join with the GCC which is expected to join by 2016. Due to the GCC, all barriers said to be removed with the countries and that will influences spreading of investment in the member countries. The GCC and Yemen also members of the Greater Arab Free Trade Area. The objectives of the GCC includes setting up joint ventures, encouraging cooperation of the private sector, establishing common currency among the member countries, fostering scientific progress in the areas of industry, agricultural, water etc. Qatar Financial Centre also planned to access nearly $ 1 trillion of investment in order to support the economic development in GCC targeting for next decade. 4- Chapter III: