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S&P Global Ratings: Gulf Sovereigns Will Find It Hard To Diversify

The Gulf Cooperation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and Abu Dhabi (a member of the United Arab Emirates–UAE) currently benefit from sizable hydrocarbon resources, at close to 30% of global oil reserves and 20% of global gas reserves (source: BP Statistical Review of World Energy 2017) relative to their population

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