Oil and Gas reserves & OIC countries Future

[TR.1]

After i just saw countries proven oil reserves and gas reserves i was astonished on how gifted OIC countries are . There is massive growth and change in many OIC countries . After europes expoliting and looting of other countries wealths in the past centuries i think by 2050 within the top 50 economies will be dominated by OIC countries .

Countries by proven oil
1 Venezuela 288,571,000,000
2 Saudi Arabia 265,405,000,000
3 Canada 175,200,000,000
4 Iran 154,580,000,000
5 Iraq 115,350,000,000
6 Kuwait 111,500,000,000
7 United Arab Emirates 97,800,000,000
8 Russia 77,403,000,000
v
13 United States 20,682,000,000
14 China 20,350,000,000
15 Brazil 13,986,000,000
16 Mexico 13,800,000,000
17 Algeria 12,200,000,000
18 Angola 10,470,000,000
19 India 9,043,000,000
20 Ecuador 8,235,000,000
21 Azerbaijan 7,000,000,000
22 Norway 6,700,000,000
23 Sudan 6,700,000,000
— European Union 6,700,000,000
24 Malaysia 5,800,000,000
25 Oman 5,500,000,000


Countries by proven gas
1 Russia 55,000,000,000,000 18.3% 2010 est.[5]
2 Iran 33,500,000,000,000 11.1% 1 January 2011 est.
3 Turkmenistan 26,200,000,000,000 8.73% 1 January 2012 est.[6]
4 Qatar 25,470,000,000,000 8.5% 1 January 2010 est.
5 United States 9,000,000,000,000 3.0% 1 January 2011 est.[7]
6 Saudi Arabia 8,200,000,000,000 2.73% 1 January 2012 est.[8]
7 UAE 6,100,000,000,000 2.03% 1 January 2012 est.[8]
7 Azerbaijan 6,071,000,000,000 2.02% 1 January 2010 est.
8 Venezuela 5,524,500,000,000 1.84% 19 July 2011[9]
9 Nigeria 5,246,000,000,000 1.75% 1 January 2010 est.
10 Algeria 4,502,000,000,000 1.37% 1 January 2010 est.
11 Australia 3,825,000,000,000 1.27% 1 January 2012 est.[8]
12 Iraq 3,600,000,000,000 1.17% 1 January 2012 est.[8]
13 China 3,100,000,000,000 1.02% 1 January 2012 est.[8]
14 Indonesia 3,001,000,000,000 1.58% 1 January 2010 est.
15 Kazakhstan 2,407,000,000,000 1.27% 1 January 2010 est.
16 Malaysia 2,350,000,000,000 1.24% 1 January 2010 est.
17 Norway 2,313,000,000,000 1.22% 1 January 2010 est.
18 European Union 2,250,000,000,000 1.18% 1 January 2010 est.
19 Uzbekistan 1,841,000,000,000 0.97% 1 January 2010 est.
20 Kuwait 1,798,000,000,000 0.95% 1 January 2010 est.
21 Canada 1,754,000,000,000 0.92% 1 January 2010 est.
22 Egypt 1,656,000,000,000 0.87% 1 January 2010 est.
23 Libya 1,539,000,000,000 0.81% 1 January 2010 est.
24 Netherlands 1,416,000,000,000 0.74% 1 January 2010 est.
25 Ukraine 1,104,000,000,000 0.58% 1 January 2010 est.

 

[somebozo]

They have the wealth but lack the brain...the "I" in OIC has to change from Islamic to Intelligent before any viable developments can be seen. Otherwise the corrupt will continue to sell the oil and once its runs out they will be back to dark ages. Iran is somewhat of a positive example of harnessing oil revenues into sustainable industrial development.

 

[TR.1]

They have the wealth but lack the brain...the "I" in OIC has to change from Islamic to Intelligent before any viable developments can be seen. Otherwise the corrupt will continue to sell the oil and once its runs out they will be back to dark ages. Iran is somewhat of a positive example of harnessing oil revenues into sustainable industrial development.

Im not sure but i wanted to ask something . You know the oil's of these countries e.g gulf countries , do they sell it themselves or do they give it to big companies like BP , Exxon etc and they sell it ?

 

[JonAsad]

Im not sure but i wanted to ask something . You know the oil's of these countries e.g gulf countries , do they sell it themselves or do they give it to big companies like BP , Exxon etc and they sell it ?

Saudi ARAMCO and OPEC-

 

[TR.1]

Saudi ARAMCO ctrls every thing-

why do some countries give it to like BP and stuff isit because they cant refine it or dont have technology

 

[JonAsad]

why do some countries give it to like BP and stuff isit because they cant refine it or dont have technology

Exactly- Aramco was an amrikan company that used to find- refine and sell saudi oil-
Later on a royal decree made it Saudi-

 

[VCheng]

"We find it, we refine it, we sell it. Hell, it is OUR oil!" - overheard in conversation.

 

[TR.1]

............

 

[hussain0216]

the muslim world is in midst of change hence thr chos

chos can be a symptom of revolution and change

the muslim world is a giant, so much land, so much resources

our population has now grown to 1.65 billion

power comes in cycles and the muslim world will rise and find itsrlf with alot of natural strength

 

[somebozo]

Exactly- Aramco was an amrikan company that used to find- refine and sell saudi oil-
Later on a royal decree made it Saudi-

50% of Saudi oil revenues were paid to american oil companies for a long time until the entire investment was paid off only then it became nationalized by Saudi's.