ARAB OIL WILL REMAIN DOMINANT IN NEXT DECADE

ABU DHABI [MENL] -- Despite the development of resources in the formerSoviet Union, Gulf energy is expected to dominate the world market over thenext decade. Industry analysts said Iran as well as Arab states in the Persian Gulfand Middle East will continue to produce a large percentage of natural gasand oil for the global market. They said the West will continue to beheavily dependent on Arab oil for the next 10 years and perhaps until 2020.