World Oil Reserves Developments and their Implications for OAPEC Member Countries

摘要

All oil consuming countries seek to secure the flow of oil supplies to meet their needs within the concept of energy security. Oil exporting countries on the other hand seek to secure providing the necessary supplies since oil is a strategic good. It is the basic drive for the world's economy and the main source of energy now and for decades to come. Oil producing and exporting countries spare no efforts in this regard to ensure petroleum market stability and increase the world's economic growth rates.