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Report: Middle East Hydrocarbon Reserves World's Largest, Worth $65 Trillion


Industry Segment: Production | Word Count: 526 Words

JOHANNESBURG--March 14, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--With the Middle East constantly in the daily headlines, a report from QNB Capital (Doha, Qatar) comes as a timely reminder of just how much of the world's hydrocarbon energy reserves are held by the Gulf Cooperation Council (GCC) countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE), and other Middle East/North Africa (MENA) countries. The GCC's hydrocarbon reserves are estimated to be worth about $65 trillion at current export prices, based on the QNB analysis. This represents almost 33% of the $200 trillion estimated value of world oil and gas reserves.

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