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Middle-East– more oil reserves than the rest ofthe world combined and 1/3 of global offshorereservesProven oil reserves by regionTotal proven offshore oil reserves10 % 3 %5 %9 %12 %34 %61 %66 %North America S & C America Europe & EurasiaMiddle East Africa AsiaMiddle EastRest of worldSource: BP Statistical Review of World Energy June 2006Source: OPEC4