one of the largest exporters of crude oil in the Americas. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player in the global oil market. hile production has been declining, Venezuela exports of crude oil to the United States have been among the top. In recent years, through significant upfront investments, an increasing share of Venezuela's exports have been delivered to China and India..."
Showing posts with label country_analysis_briefs. Show all posts
Showing posts with label country_analysis_briefs. Show all posts
Wednesday, July 2, 2014
Venezuela: Country Analysis Brief, 2014
"Venezuela is one of the world’s largest producers and exporters of crude oil. It has consistently been
Friday, May 11, 2012
Vietnam Country Analysis Brief, 2011
"Over the course of two decades Vietnam emerged as an important oil and natural gas producer in Southeast Asia. Vietnam has boosted exploration activities, allowed far greater foreign company investment and cooperation in the oil and gas sectors, and introduced market reforms to support the energy industry. These measures have helped to increase oil and gas production, but the country's rapid economic growth, industrialization, and export market expansion have spurred domestic energy consumption. The country's real gross domestic product (GDP), grew by an average of 7.2 percent per year in the last decade..."
Monday, July 18, 2011
Kuwait: Country Analysis Brief, 2011.
"
Kuwait is a member of the Organization of Petroleum Exporting Countries (OPEC), exporting the
fourth largest volume of oil among the group in 2010. At the same time, Kuwait's economy is one
heavily dependent on petroleum export revenues, which account for half of its overall gross
domestic product (GDP), 95 percent of total export earnings, and 95 percent of government
revenues. Kuwait has an active sovereign-wealth fund, the Kuwait Investment Authority, which
oversees all state expenditures and international investments. Kuwait also allocates 10 percent of
its state revenues into the Reserve Fund for Future Generations (RFFG), for the day when oil
income starts to decline."
"
Kuwait is a member of the Organization of Petroleum Exporting Countries (OPEC), exporting the
fourth largest volume of oil among the group in 2010. At the same time, Kuwait's economy is one
heavily dependent on petroleum export revenues, which account for half of its overall gross
domestic product (GDP), 95 percent of total export earnings, and 95 percent of government
revenues. Kuwait has an active sovereign-wealth fund, the Kuwait Investment Authority, which
oversees all state expenditures and international investments. Kuwait also allocates 10 percent of
its state revenues into the Reserve Fund for Future Generations (RFFG), for the day when oil
income starts to decline."
Thursday, February 24, 2011
Yemen: Country Analysis, 2010
"Yemen is important to the global oil trade because of its location on the Bab al Mandab, one of the world's most strategic shipping lanes, through which an estimated 3.2 million barrels of oil passed daily in 2009. Disruption to shipping in the Bab el-Mandab could prevent tankers in the Persian Gulf and the Gulf of Aden from reaching the Suez Canal/Sumed pipeline complex, requiring a costly diversion around the southern tip of Africa to reach western markets. In recent years, this region has seen rising piracy off the northern Somali coast in the Gulf of Aden and southern Red Sea including the Bab el-Mandab."
"Yemen is important to the global oil trade because of its location on the Bab al Mandab, one of the world's most strategic shipping lanes, through which an estimated 3.2 million barrels of oil passed daily in 2009. Disruption to shipping in the Bab el-Mandab could prevent tankers in the Persian Gulf and the Gulf of Aden from reaching the Suez Canal/Sumed pipeline complex, requiring a costly diversion around the southern tip of Africa to reach western markets. In recent years, this region has seen rising piracy off the northern Somali coast in the Gulf of Aden and southern Red Sea including the Bab el-Mandab."
Monday, December 20, 2010
Country Analysis Briefs: Azerbaijan
"While Azerbaijan’s importance as a supplier of natural gas and oil likely will increase in the future, the continued disputes with Armenia over the Nagorno-Karabakh region, as well as issues with Azerbaijan’s access to the Nakhchivan exclave continue to provide some political risk in the country. Furthermore, the conflicting claims over the maritime and seabed boundaries of the Caspian Sea between Azerbaijan and Iran also provide continued uncertainty, with Iran insisting on an even one-fifth allocation and challenging Azerbaijan's hydrocarbon exploration in disputed waters. Bilateral talks continue with Turkmenistan on dividing the seabed and contested oilfields in the middle of the Caspian, while discussions with Georgia continue on the alignment of their boundary at certain crossing areas."
"While Azerbaijan’s importance as a supplier of natural gas and oil likely will increase in the future, the continued disputes with Armenia over the Nagorno-Karabakh region, as well as issues with Azerbaijan’s access to the Nakhchivan exclave continue to provide some political risk in the country. Furthermore, the conflicting claims over the maritime and seabed boundaries of the Caspian Sea between Azerbaijan and Iran also provide continued uncertainty, with Iran insisting on an even one-fifth allocation and challenging Azerbaijan's hydrocarbon exploration in disputed waters. Bilateral talks continue with Turkmenistan on dividing the seabed and contested oilfields in the middle of the Caspian, while discussions with Georgia continue on the alignment of their boundary at certain crossing areas."
Monday, October 4, 2010
Country Analysis Brief: Iraq
"Iraq was the world’s 12th largest oil producer in 2009, and has the world’s fourth largest proven petroleum reserves after Saudi Arabia, Canada, and Iran. Just a fraction of Iraq’s known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq’s energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009."
"Iraq was the world’s 12th largest oil producer in 2009, and has the world’s fourth largest proven petroleum reserves after Saudi Arabia, Canada, and Iran. Just a fraction of Iraq’s known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq’s energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. In addition, crude oil export revenues accounted for over two-thirds of GDP in 2009."
Saturday, September 18, 2010
Country Analysis Briefs- United Kingdom, 2010
"The United Kingdom (UK) is the largest producer of oil and second-largest producer of natural gas in the European Union (EU). After years of being a net exporter of both fuels, the UK became a net importer of natural gas and crude oil in 2004 and 2005, respectively. Production from UK oil and natural gas fields peaked in the late 1990s and has declined steadily over the past several years, as the discovery of new reserves has not kept pace with the maturation of existing fields. In response, the government has begun a three-pronged approach to address the predicted domestic shortfalls: 1) increasing domestic production; 2) establishing necessary import infrastructure, such as liquefied natural gas (LNG) receiving terminals and transnational pipelines; and 3) investing in energy conservation and renewables."
"The United Kingdom (UK) is the largest producer of oil and second-largest producer of natural gas in the European Union (EU). After years of being a net exporter of both fuels, the UK became a net importer of natural gas and crude oil in 2004 and 2005, respectively. Production from UK oil and natural gas fields peaked in the late 1990s and has declined steadily over the past several years, as the discovery of new reserves has not kept pace with the maturation of existing fields. In response, the government has begun a three-pronged approach to address the predicted domestic shortfalls: 1) increasing domestic production; 2) establishing necessary import infrastructure, such as liquefied natural gas (LNG) receiving terminals and transnational pipelines; and 3) investing in energy conservation and renewables."
Thursday, March 11, 2010
Country Analysis: Yemen
"Yemen's location on the Bab al Mandab, one of the world's most strategic shipping lanes through which an estimated 3.7 million barrels of oil pass daily, makes Yemen important to the global oil trade. Disruption to shipping in the Bab el-Mandab could prevent tankers in the Persian Gulf and the Gulf of Aden from reaching the Suez Canal/Sumed pipeline complex, requiring a costly diversion around the southern tip of Africa to reach western markets..."
"Yemen's location on the Bab al Mandab, one of the world's most strategic shipping lanes through which an estimated 3.7 million barrels of oil pass daily, makes Yemen important to the global oil trade. Disruption to shipping in the Bab el-Mandab could prevent tankers in the Persian Gulf and the Gulf of Aden from reaching the Suez Canal/Sumed pipeline complex, requiring a costly diversion around the southern tip of Africa to reach western markets..."
Saturday, October 31, 2009
Country Analysis Brief: Azerbaijan
"With oil production in decline in most countries outside OPEC, Azerbaijan is seen as one of the few non-OPEC countries capable of increasing its output significantly over the next few years. However, conflicting claims over the maritime and seabed boundaries of the Caspian Sea have yet to be agreed among the 5 littoral states (Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan). An agreement on the division of the Caspian's rich oil and natural gas resources would open up new areas of exploration."
"With oil production in decline in most countries outside OPEC, Azerbaijan is seen as one of the few non-OPEC countries capable of increasing its output significantly over the next few years. However, conflicting claims over the maritime and seabed boundaries of the Caspian Sea have yet to be agreed among the 5 littoral states (Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan). An agreement on the division of the Caspian's rich oil and natural gas resources would open up new areas of exploration."
Saturday, June 6, 2009
Country Analysis Briefs: Iraq
"Iraq was the world’s 13th largest oil producer in 2008, and has the world’s third largest proven petroleum reserves after Saudi Arabia and Canada. Just a fraction of Iraq’s known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq’s energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. According to the International Monetary Fund, crude oil export revenues represented over 75 percent of GDP and 86 percent of government revenues in 2008..."
"Iraq was the world’s 13th largest oil producer in 2008, and has the world’s third largest proven petroleum reserves after Saudi Arabia and Canada. Just a fraction of Iraq’s known fields are in development, and Iraq may be one of the few places left where vast reserves, proven and unknown, have barely been exploited. Iraq’s energy sector is heavily based upon oil, with approximately 94 percent of its energy needs met with petroleum. According to the International Monetary Fund, crude oil export revenues represented over 75 percent of GDP and 86 percent of government revenues in 2008..."
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