Harvesting an abundance of oil and natural gas resources, the Middle East supplies nearly half of all exports to the global oil market. Middle Eastern countries Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates are all members of the Organization of the Petroleum Exporting Countries (OPEC), which pumps roughly 40% of the world's oil, with Saudi Arabia leading the pack for the greatest amount of output. OPEC's crude oil production was 28.7 million barrels per day in the first half of 2009.
Cost Engineering is the management of project cost and includes cost control, estimating, forecasting and budgeting. Cost engineers apply scientific principles and techniques to budget and plan for investment projects and monitor costs throughout the project lifecycle. A cost engineer will work to get the best balance between cost to the client, quality and timely completion of the project.