The Middle East - Energy Security Flashcards

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1
Q

How many barrels of oil and gas does the Middle East export each day?

A

15,000 barrels per day

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2
Q

What percentage of the worlds estimated 1,000 billion barrels of oil are located in the Middle East?

A

71%

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3
Q

What percentage of oil does the Middle East currently supply to Japan?

A

76%

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4
Q

What percentage of oil does the Middle East currently supply to Western Europe?

A

26%

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5
Q

What percentage of oil does the Middle East currently supply to the USA?

A

21%

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6
Q

Which country consumes the most oil?

A

USA

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7
Q

Which country produces the most oil?

A

The Middle East

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8
Q

What percentage of oil reserves did the Middle East have in 2002?

A

65.4%

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9
Q

Which country in the Middle East has the highest percentage of oil reserves?

A

Saudi Arabia with 25% of the total from the Middle East

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10
Q

How many barrels of oil does Saudi Arabia have reserved?

A

262 billion barrels

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11
Q

Which country also exports the most oil in the world?

A

The Middle East

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12
Q

Where is the Abqaiq oil processing plant?

A

Saudi Arabia - It is the worlds largest oil processing plant

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13
Q

How many barrels of oil does Abqaiq produce per day?

A

6.8 million per day

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14
Q

What is the processing plant vulnerable too?

A

Attacks from terrorists and terrorist groups

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15
Q

A successful terror attack at Abqaiq could half production for how long?

A

Up to a year - No-where else can produce that level of oil meaning that the world would suffer a mass oil supply problem

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16
Q

When was there an attempted attack on Abqaiq?

A

24th February 2006

17
Q

What happened on the attempted terror attack at Abqaiq?

A

Two vehicles carrying explosives tried to smash their way though the plant compound, this resulted in a two hour long gun battle involving explosives. Two terrorists a two guards were killed but the plant remained undamaged.