The economy of the countries contributed many factors including oil and gas. The government policies will be created according to the available sources within or outside the country. The economic growth of the industry of oil is one of the strongholds of the world as well as United States of America. Though the United States did not have oil sources comparatively with Middle East, yet the Country is one of the major economically growth country for the industry of Oil and Gas. It is true that most of world’s countries dependent on Persian Gulf oil. It means the modern economy depends upon the supply of oil and natural gas by the region of Middle East

Organization of petroleum exporting countries i.e. OPEC is made up with 13 oil producing nations. OPEC coordinates the oil production policies to stabilize the oil market in order to achieve a reasonable rate of return on their investments. It also targets to ensure that the oil consumers will receive stable supplies of oil. Out of 13 members, the countries i.e. Iran, Iraq, Kuwait, Qatar, Saudi Arabia and United Arab Emirates are the OPEC members. In the national interest of their own, some oil-exporting countries joined in OPEC. Some industrialized and oil-importing countries joined with International Energy Forum.

The oil was discovered in Saudi Arabia in 1930s, yet the large scale of production was continued from World War II. Consequently the country developed economically and Saudi Arabia become world’s leading oil producer and exporter. In fact Saudi oil reserves are the largest in the world. Middle East Countries are Egypt, Turkey, Iran, Iraq, Saudi Arabia, Yemen, Syria, Israel, Jordan, United Arab Emirates, Lebanon, Palestinian Authority, Kuwait, Oman, Qatar and Bahrain. The Saudi Arabia has the reserves of 262.3 billions which is the highest amount other Middle East Countries. The Middle East and Oil Rich are synonyms as every country in the Middle East as the status of Oil-rich and oil-producing exporters.

2- Chapter I: Oil Company Investment in Middle East

The region is known for producing and exporting oil and significantly impact the entire region. The wealth generation through movement of labor. The standard growth in the Middle East is nearly four times faster than the world average, hence many countries interested to diversify their efforts in the Middle East to increase their economies.

The equity markets and ETFs steadily growing in Middle East. The present share of foreign investment is less than 3%, yet encouraged to acquire up another 57%. Similarly the financial institutions in the Middle East are considering strategic investment in BP. The Middle East sovereign wealth funds have a track record of supporting the big western companies which are in trouble. As the Bharat Petroleum is oil giant and racked by problems due to oil spill in Mexico. It is evidenced by recent credit crisis that the SWF of Qatar and Abu Dhabi acquired the share in western banks like City group and Barclays.

Like other oil import countries, the largest oil importer i.e. United States also facing negative economic consequences of wealth transfer. The US and other international economies are susceptible to economic disruptions that are caused by the oil trade and sudden interruption of oil supply.