Natural resources in the Gulf region

There is a huge oil belt in the Gulf region, which is of great economic and strategic significance. It is the most important oil producing area in the world. It is rich in oil resources and is known as the "world oil depot", accounting for 2/3 of the world's oil reserves. Among them, Iraq's proven oil reserves reached 112.5 billion barrels in 1998, ranking second in the world after Saudi Arabia, and its natural gas reserves were about 3.1 trillion cubic meters, accounting for 2.4% of the world's total reserves. It has very important economic and strategic significance.

Gulf Area oil and gas resources are the most important oil and gas resources in the world. The Gulf here refers to the Persian Gulf, which is located in the southwest of Asia and leads to the Indian Ocean via the Strait of Hormuz and Gulf of Oman, with a total length of 1,4 kilometers. It is an international passage with strategic significance. There are eight important oil-producing countries along the Gulf coast: Iran, Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, United Arab Emirates and Oman. Among them, Saudi Arabia, Kuwait, Iran, Iraq, Qatar and the United Arab Emirates are the main members of OPEC. This area is a complete petroliferous basin, with 11 international oil and gas fields, as well as Gaibar, the largest oil field in the world, and Bulgan, the second largest oil field.

in may p>1981, some countries in the gulf region established the gulf cooperation Council (gcc), whose member countries include the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait and Saudi Arabia. The purpose of the Committee is to achieve coordination among member countries in all fields, strengthen contacts, exchanges and cooperation among member countries in all aspects, and promote the development of industry, agriculture, science and technology in the six countries.

In p>199, the remaining recoverable oil reserves in the Gulf region reached 89,54.2 million tons, accounting for 65.2% of the world. The output of crude oil is 784.3 million tons, accounting for 26.% of the world. The Gulf Coast is the world's largest oil production center and oil export area. General situation of natural gas reserves in the Gulf region. Gulf countries are rich in natural gas.

according to the latest statistics at the beginning of 25, the total natural gas reserves in the Gulf are 71.92 trillion cubic meters, accounting for about 4% of the total global natural gas reserves, which are generally distributed in 1 gas fields, among which the northern gas field in Qatar is the largest non-associated gas field in the world. The ratio of natural gas reserves to natural gas production in the Gulf region is extremely high. Based on the current production, the recoverable life is 264 years, while the global average production life is 67 years. Only the proven natural gas reserves in the Gulf region can maintain the global demand for 26 years.