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.
Research and Development (R&D) involves the innovation and development of new products and services or the enhancement of existing ones. Usually staffed by engineers or scientists, the R&D department will explore specific interests of an organization working towards future product developments. The Research department is not expected to make an immediate return on investment, but contributes to the future growth of the business.