1. Saudi Arabia produces more oil than any other country. 2. The company has the technical capabilities to produce offshore oil. 3. The Gulf States produce more oil than they need and sell the surplus to the rest of the world. 4. The US does not produce enough oil to meet its own needs. 5. Officials blamed the perestroika reforms as resulting in dislocation and in newly-autonomous plants producing heavy oil rather than petrol and diesel. 6. And company officials know the public relations value of producing oil in an environmentally safe way. 7. And fighting for market share by producing more oil would drive down prices, an unattractive alternative. 8. And Iraq is interested in producing more oil. 9. And so much oil was being produced that it outdid the rest of the world. 10. And they imposed a low de facto ceiling on how much oil could be produced by Tengizchevroil as well as rival domestic and foreign oil operators here. |