The Middle East - Energy Security Flashcards
How many barrels of oil and gas does the Middle East export each day?
15,000 barrels per day
What percentage of the worlds estimated 1,000 billion barrels of oil are located in the Middle East?
71%
What percentage of oil does the Middle East currently supply to Japan?
76%
What percentage of oil does the Middle East currently supply to Western Europe?
26%
What percentage of oil does the Middle East currently supply to the USA?
21%
Which country consumes the most oil?
USA
Which country produces the most oil?
The Middle East
What percentage of oil reserves did the Middle East have in 2002?
65.4%
Which country in the Middle East has the highest percentage of oil reserves?
Saudi Arabia with 25% of the total from the Middle East
How many barrels of oil does Saudi Arabia have reserved?
262 billion barrels
Which country also exports the most oil in the world?
The Middle East
Where is the Abqaiq oil processing plant?
Saudi Arabia - It is the worlds largest oil processing plant
How many barrels of oil does Abqaiq produce per day?
6.8 million per day
What is the processing plant vulnerable too?
Attacks from terrorists and terrorist groups
A successful terror attack at Abqaiq could half production for how long?
Up to a year - No-where else can produce that level of oil meaning that the world would suffer a mass oil supply problem