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Subsequent reports from 2022 indicate that OPEC member countries were then responsible for about 38% of total world crude oil production. [3] It is also estimated that these countries hold 79.5% of the globe's proven oil reserves, with the Middle East alone accounting for 67.2% of OPEC's reserves. [185] [186]
About 1.2 million Austrians served in all branches of the German armed forces during World War II. After the defeat of the Axis Powers, the Allies occupied Austria in four occupation zones set up at the end of World War II until 1955, when the country again became a fully independent republic under the condition that it remained neutral.
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
Map of the participants of World War II, with Allied countries before Japan's attack on Pearl Harbor in dark green, Allies after the attack in light green, Axis powers in blue, and neutral countries in gray.
The Post World War II era experienced fall of empires, rise of colonies, global shifts in geopolitical influence of UK, US, Russia and others. It is the OPEC that has succeeded in the 1960s and 1970s to gain ground in relation to the international oil corporations, [ 8 ] nationalizing and regaining control over the national fossil fuel ...
On 9 January 1968, three of the then–most conservative Arab oil states – Kuwait, Libya, and Saudi Arabia – agreed at a conference in Beirut, Lebanon to found the Organization of Arab Petroleum Exporting Countries, aiming to separate the production and sale of oil from politics in the wake of the halfhearted 1967 oil embargo in response to the Six-Day War.
World War II [b] or the Second World War (1 September 1939 – 2 September 1945) was a global conflict between two coalitions: the Allies and the Axis powers. Nearly all the world's countries—including all the great powers—participated, with many investing all available economic, industrial, and scientific capabilities in pursuit of total war, blurring the distinction between military and ...
Rapid growth at the time of World War I declined soon after the start of World War II. Recovery began in 1943 with the reopening of supply routes to the United Kingdom . The oil was produced by what became the Anglo-Iranian Oil Company , but political difficulties arose with the Iranian government in the postwar period .