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(An oil barrel is 159 liters, or 42 gallons.) It also has the world’s largest oil reserves, at roughly 250 billion barrels. Saudi Arabia’s economy is heavily dependent on oil exports, which account for 80 to 90 percent of the country’s total revenues. Saudi Arabia, Iran, and the United Arab Emirates accounted for roughly 57 percent of global liquid fuels production in 2010. You Are Unable To Access Asiafoundation Org In this connection, they welcomed the first direct consultation between ASEAN and the NWS in Hanoi on 19 May 2001, reaffirmed their support for this process, and called for continued consultations with the NWS. The Ministers also noted with satisfaction the progress in the implementation of the overlapping confidence building measures and preventive diplomacy . The Ministers welcomed on-going consultations between ASEAN and the nuclear weapon states on the Protocol to the SEANWFZ Treaty and urged the NWS to sign the Protocol to the Treaty as soon as possible. The 35t...

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(An oil barrel is 159 liters, or 42 gallons.) It also has the world’s largest oil reserves, at roughly 250 billion barrels. Saudi Arabia’s economy is heavily dependent on oil exports, which account for 80 to 90 percent of the country’s total revenues. Saudi Arabia, Iran, and the United Arab Emirates accounted for roughly 57 percent of global liquid fuels production in 2010. Leaders reaffirmed the high priority of political and security cooperation on the ASEAN agenda. They endorsed the Plan of Action of the ASEAN Security Community, a community established to enhance ASEAN’s capacity through regional instruments and mechanisms in establishing regional norms and enhancing conflict prevention, resolution, and peace-building in the region. Leaders agreed on the urgent need to sustain cooperative activities in counter-terrorism. The establishment of a network of law enforcement agencies among ASEAN member countries was proposed. The Ministers noted the consultations which had taken pla...