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.
Liquefied natural gas (LNG) is made from natural gas that undergoes the process of liquefaction where it is converted to liquid, making it feasible to store and transport. It is exported globally via specialized tankers and regasified at receiving terminals for distribution. LNG is used as fuel for power generation, vehicles, and offshore vessels, and can also be used to produce heat for residential use.