Mideast political changes seen creating oil opportunities

The Middle East continues to hold major opportunities for large-scale oil and gas developments.More such opportunities could arise in the wake of political changes emanating from the aftermath of terrorist attacks on the US.That view emerged at a Centre for Global Energy Studies symposium on natural gas in the Middle East last week (see related story, p. 32).Middle East potentialFadhil Chalabi, a CGES executive director and a former Deputy General Secretary of the Organization of Petro- leum Exporting Countries, said the Middle East still is largely unexplored, although it has two thirds of the world's proven oil reserves and a third of its gas reserves.However, he warned that long-te...

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