Abstract
Crude oil and natural gas are major contributors to the world economy. Most of the Middle East countries are the main participants in the world energy because of their reserves, supplies and also trade markets. In this investigation, a model of optimal oil and natural gas supply has been developed for the Middle East region including main producers such as Iran, Iraq, Kuwait, Qatar, Saudi Arabia, Oman and Bahrain. To this aim, Middle East region is supposed to be organized in the form of a firm and appears in the market that oriented towards establishing an effective energy system to produce oil and gas with minimum costs subject to satisfying technical, institutional and economical constraints. The model is used to prepare a projection on oil and gas supply up to 2030. According to the results, oil production is expected to increase in the Middle East region to meet growth in consumption. It should be expected to rise by about 30 Mbbld by 2030. Also, the Middle East’s share in global gas production is predicted to expand to 20% in 2030. The projection implies that the Middle East upstream and refinery capacities are likely to be sufficient to meet the demand until around 2015; thereafter expansion appears certainly.
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Acknowledgment
The authors would like to thank the GCOE program in Graduate School of Energy Science, Kyoto University for the great support and helpful comments.
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Farzaneh, H., Ishihara, K.N., Utama, N.A., McLellan, B., Tezuka, T. (2013). An Optimization Supply Model for Crude Oil and Natural Gas in the Middle East. In: Yao, T. (eds) Zero-Carbon Energy Kyoto 2012. Green Energy and Technology. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54264-3_2
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DOI: https://doi.org/10.1007/978-4-431-54264-3_2
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