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CHAPTER ONE
Developments in Global Markets
The disparity in energy consumption may be attributed to the
differing availability of hydrocarbon resources in the Arab countries
and to what degree these resources are utilized and developed.
OAPEC members accounted for 90.8% of total energy consumption
in Arab countries in 2012 compared with a share of 9.2% for other
Arab countries. The growth rate of energy consumption in OAPEC
members was 5.3% during the period 2009-2012, comparing with
3.9% in other Arab countries.
The difference in energy consumption shares withinArab countries
is due to a range of factors, including :
-
The size of hydrocarbon resources
in Arab countries is playing a
crucial role in both socioeconomic development and on the level
of energy consumption. At the end of 2012, OAPEC member
countries possessed 97.9% of theArab countries crude oil reserves
and 97.2% of their natural gas reserves.
- The
GDP
of OAPEC member countries accounted for 85.7% of
Arab GDP in 2011 compared with 83.1% and 84% in 2009 and
2010 respectively, while the share of the rest of the Arab countries
in Arab GDP declined to 14.3% in 2011 compared with 16.9% in
2009 and 16% in 2010.
-
Total population
: Population in OAPECMember countries grew at
annual rate of 2.7% during the period 2009-2012, to 239.7 million
in 2012.
The overall average rate of energy consumption per capita in the
Arab countries reached a level of 13.4 barrels of oil equivalent (boe)
in 2012.
