Siddiqi, Moin A.
December 2003
Middle East;Dec2003, Issue 340, p32
The six member-states of the Gulf Cooperation Council share many common structural features: The hydrocarbons industry— the region's bedrock— contributes about 30%-50% of total gross domestic product (GDP) and three-quarters of annual government revenues and exports. Together, these countries hold 45% of proven global oil reserves and supply one-quarter of crude oil exports. Qatar is now the second-biggest holder of natural gas reserves (900 trillion cubic feet) after the Russian Federation and Saudi Arabia will remain the world's largest oil exporter for the foreseeable future. INSETS: Foreign Investment;The Dinar-Zone.


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