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Mideast oil consumption up
- Saudi Arabia: Sunday, July 01 - 2007 at 09:48
Oil consumption in the Middle East region increased by 3.7% last year, when compared to 2005, but actual crude production rose by just 0.7%, according to Reuters citing figures provided by BP. The ongoing major economic development in the region was the reason for the spike in consumption. The Middle East came third behind China and the CIS countries in oil consumption growth.
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Jonathan Sheikh-Miller, Deputy EditorSunday, July 01 - 2007 at 09:48 UAE local time (GMT+4)
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