Petroleum investment in the Arabian Gulf

Working paper

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).

Authors: Bergendahl, G

• Publication status: Published
• Peer review status: Reviewed (other)
• Publisher: Oxford Institute for Energy Studies
• Series: OIES paper
• Publication date: 1985-01-01
• Edition: Publisher's version
• Paper number: F5
• ISBN: 0948061103
• Language: English
• Keywords: the Middle East; Qatar; Kuwait; United Arab Emirates; Saudi Arabia; investment; OIES; low-absorbing; OPEC countries; petroleum-related investment