Tension in the Middle East Flashcards
Refinery producing 75% of Saudi’s output?
Abqaiq
When did terrorists attack Abqaiq
Feb 2006
What happened at Feb 2006 at Abqaiq
terrorist attack
2 terrorists and 2 guards killed
no damage to oil refinery
Why was the attack on Abqaiq in 2006 notable
first time Al-Qaeda terrorist attack on Saudi oil facility
Saudi’s largest refinery
no other country can make up loss in Saudi’s capacity
Since when has the west sought alternatives to Middle Eastern Oil
since 9/11 in 2001
When did Nigeria’s oil peak?
2010
Where is Africa’s largest oil producer?
Nigeria
What does the future hold in store for middle eastern oil dominance?
increasingly dominant as other countries reach peak oil sooner
reserves have an added ‘security premium’ on oil prices, what does this mean?
protects against fluctuations due to political instability / disruptions in supply
West is seen negatively by middle east for what key reason?
pro-Israeli policies
Middle east is seen by west as?
all undemocratic nations home to Islamic terrorists who wish to see the demise of the west
When did America invade Iraq?
2004
Iraq is the what ranking largest oil reserve in the world?
4th
Why is Iran considered a major production hotspot
lies between Iraq and Afghanistan
has 3rd largest oil reserves globally and 2nd largest natural gas (hence Nabucco pipeline)
Define : production hotspot
an energy producing country or region where there is political instability
