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Bahrain
(Last Updated: April 2007)
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Bahrain's oil sector accounts for about three-fourths of total government revenues.
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Eastern Mediterranean
(Last Updated: October 2006)
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The Eastern Mediterranean report includes Israel, Jordan, Lebanon, and Syria. While the countries of the eastern Mediterranean region produce only modest quantities of energy, they occupy a strategic location in terms of regional security and potential energy transit routes.
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Iran
(Last Updated: October 2007)
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Iran is OPEC's second largest oil producer and holds 10 percent of the world's proven oil reserves. It also has the world's second largest natural gas reserves (after Russia).
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Iraq
(Last Updated: August 2007)
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Iraq is estimated to hold 115 billion barrels of proven oil reserves, and possibly much more undiscovered oil in unexplored areas of the country. Iraq also is estimated to contain at least 112 trillion cubic feet of natural gas. The country is a focal point for regional and oil security issues.
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Kuwait
(Last Updated: November 2006)
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Kuwait contains 99.0 billion barrels of proven oil reserves (including its share of the Neutral Zone), or roughly 8% of the world's total oil reserves.
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Oman
(Last Updated: April 2007)
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Oman is a significant non-OPEC oil exporter, although production has declined in recent years.
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Persian Gulf Region
(Last Updated: June 2007)
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The Persian Gulf produced about 28 percent of the world's oil supply and exported over 18 million bbl/d in 2006.
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Qatar
(Last Updated: May 2007)
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Qatar contains the third largest natural gas reserves and the largest non-associated gas field in the world. Qatar is also emerging as a major exporter of liquefied natural gas. An OPEC member, Qatar exported more than 1 million barrels per day of liquids in 2004.
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Saudi Arabia
(Last Updated: February 2007)
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With one-fourth of the world's proven oil reserves and some of the lowest production costs, Saudi Arabia is likely to remain the world's largest net oil exporter for the foreseeable future. During January-October 2004, Saudi Arabia supplied the United States with 1.5 million barrels per day of crude oil, or 15%, of U.S. crude oil imports during that period.
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United Arab Emirates
(Last Updated: July 2007)
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The UAE holds the fifth largest proven oil reserves in the Middle East and the fifth largest proven natural gas reserves in the world.
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Yemen
(Last Updated: October 2007)
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Yemen, a small non-OPEC oil producer, is important to world energy markets because of its oil and natural gas resources and strategic location on the Bab el-Mandab strait, one of the world's most active shipping lanes.
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