| ID | 166299 |
| Title Proper | OPEC behavior |
| Other Title Information | the volume of oil reserves announced |
| Language | ENG |
| Author | Behrouzifar, Morteza |
| Summary / Abstract (Note) | OPEC procedures dictate that all member states should notify the volume of their crude oil reserves to the organization secretariat so that OPEC would reflect the figures in its official published materials. Many OPEC states say that it is not feasible to investigate the amount of their oil reserves through independent observers, believing this is a confidential issue. In fact, a contradiction appears to exist between the data for each oil field and the figures publicly announced for the fields on aggregate. This comes under the pretext of existing doubts about the volume of declared reserves. |
| `In' analytical Note | Energy Policy , No.127; Apr 2019: p.500-522 |
| Journal Source | Energy Policy 2019-04 |
| Key Words | OPEC ; Oil Production ; Oil Reserves ; Markov Switching Model |