University of Mysore, Manasagangotri, Mysore-57006.
Online published on 15 December, 2011.
Most countries of ECO are known to have reserves of huge quantities of crude oil. Also according to current discoveries and ongoing projects, between 2010 and 2015 production of gas will reach its highest in the region.
Nowadays, except for some big markets with land routes like China, development of oil transfer is usually carried out in ports with high capacities in the Black Sea, the Persian Gulf, the Mediterranean Sea and probably the Indian Ocean.
There is a wide range of countries which have different degrees of benefits in ECO region. If these regional players ignore these benefits, it seems as if they have been left behind or been defeated in the field of competition.
ECO, Oil, Gas, competition
