Connacher Oil & Gas Ltd CLLZF

Gulf spare capacity problems

[righand99]

There is plenty of BLACK GOLD in them thar hills. Ya Baby Ya, Cheerssssssssssssssssssssssssssssssssssssssssssssssssssss Gulf spare capacity problems Saudi Arabia: Sunday, August 06 - 2006 at 08:08 The World Bank has released a study on spare crude output capacity in the Mena region, reported Gulf News. The bank revealed that manpower shortages, security issues and ageing oil reservoirs are hampering efforts to generate a healthy spare capacity. In August 2005, the main Gulf oil producers, Saudi Arabia, Kuwait, the UAE, Qatar, Iraq and Iran, were producing a spare capacity of 1.7m bpd, one of the lowest ever levels.