Petroleum Investment in the Arabian Gulf
In 1974 the thirteen OPEC countries suddenly received record oil revenues of $114 billion . The disposal of that income was as follows: 35% was used to finance imports of goods – mainly consumer goods and the remainder – the current account surplus – was placed abroad, mainly in the form of bank deposits (see statistics in Bergendahl 1984).
Categories:
Country and Regional Studies , Energy Policy , Finance , Oil
Tags:
Investment , Kuwait , Low-Absorbing , OPEC Countries , Petroleum-Related Investment , Qatar , Saudi Arabia , The Middle East , United Arab Emirates