Report: Crude oil output declines in Bahrain, Oman, Yemen and Syria
LONDON — Non-OPEC states in the Middle East have been fading as
suppliers of crude oil.
The International Energy Agency said non-OPEC states in the Middle East
were undergoing a decline in crude oil output, Middle East Newsline reported. An IEA report released on
Dec. 14 said the combined output from Bahrain, Oman, Syria and Yemen has
dropped from two million barrels of oil per day in 1995 to an expected 1.5
million in 2008. In 2007, the output was 1.6 million.
"Middle East Gulf OPEC producers will add 1.0 million bpd of crude
capacity and a further 1.0 million bpd of gas liquids during 2007 and 2008,"
the report said. "But their regional counterparts outside OPEC face
dwindling reserves and little prospect of significant long-term growth."
The monthly report cited Al Qaida strikes in Yemen, which has blocked
oil exploration and development. IAE said Yemeni oil production would drop
from 335,000 barrels per day in 2007 to 315,000 in 2008. In contrast, Oman's
oil output could rise from the current 740,000 barrels per day to 1 million
in 2010.
