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Areas of the East China Sea are abundant in oil and natural gas deposits, which has resulted in tension between China and Japan as both seek to claim the resources for themselves.

This report includes estimates of OPEC net oil export revenues, based on projections from the latest EIA Short Term Energy Outlook.

The Persian Gulf produced about 28 percent of the world's oil supply and exported over 18 million bbl/d in 2006.

The South China Sea region contains oil and gas resources strategically located near large energy-consuming countries.

World oil transit chokepoints are a critical part of global energy security. In 2007, global seaborne oil trade was approximately 43 million barrels per day or about half of world oil production.

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