Middle East oil production to peak within next decade

Over time, there have been a number of definitions for the Middle East, that massive territory bridging the landmasses of Europe, Africa, and Asia. However, today the region's overall limits have become more or less standard. In this report, the Middle East is defined as an ensemble of 15 countries (and a neutral zone) extending from Afghanistan and Pakistan in the east to the Mediterranean on its western flank.Conventional oil reservesColin J. Campbell, director of UK-based Oil Depletion Analysis Center, an independent entity working "to promote better understanding of the world's oil depletion problem" (OGJ Online, June 16, 2003), said that the Middle East accounts for 805 billi...

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