26.09.2011 - Arabs repeat calls for oil demand security
Arab hydrocarbon exporters are carrying out mega projects to expand their oil production capacity to meet growing global demand but they need assurances from consumers on demand security to push ahead with such plans. Despite current political turmoil in some Arab nations, crude supplies from the region would not be largely affected given the high output capacity of Gulf countries and the massive proven oil reserves in the Middle East, the 10-nation Organisation of Arab Petroleum Exporting Countries (Oapec) said..............................................Full Article: Source
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