Nagasaki Heroine

The Middle East is a geographical center for the world oil industry. Oil is very important in foreign and domestic politics in almost every country in the region, oil importers and oil exporters. Therefore the oil industry in the Middle East has a special role in the economic development of the Middle East. Discovery of the First Oil Field in the Middle East The search for oil resources in the Middle East was first carried out by a British businessman named William D'Archy. In 1901, he was granted permission to explore oil in Iran, after offering a contract of 20,000 pounds sterling and 16% of profits for 60 years. Not only that, the company is also free of charge and obtained a large area. After obtaining permission, D'Archy sent George Reynold to explore oil resources. Exploration requires huge costs, so that at one time when he was on the verge of bankruptcy, D'Arcy asked for help from the British government. The government agreed to help him, for fear that he might sell...

The Biggest Oil Producers in the Middle East The Middle East was responsible for producing nearly 27.9 million barrels of oil per day in 2014, about 30% of world production. The region includes four of the top eight oil-producing countries in the world and six of the top 14. Most oil production in the Middle East is dominated by state-owned enterprises. However, many international oil companies engage in oil production and related activities across the region through joint ventures, production-sharing agreements and other business models. 1. Saudi Arabia Saudi Arabia produced more than 11.6 million barrels of oil per day in 2014, nearly 12.5% of world output or about one out of every eight barrels. The country ranked as the world's biggest oil producer in the decade from 2003 to 2012, after which it fell to second place due to surging oil production in the United States. Saudi Arabia remains the world's largest petroleum exporter. With proven oil reserves of about 266 billion b...