Hit enter to search or ESC to close
Livestream

GCC-South Asia: A New Role for the Gulf Countries in the Subcontinent?

Watch Now
Energy topic in which the post is published Kuwait country in which the post is published Publications content-type in which the post is published

Petro Diplomacy: Back to the Future – Oil and Gas at the Center of New Growth in the GCC

On October 18, 2018, the Arab Gulf States Institute in Washington convened its fourth annual Petro Diplomacy conference, “Back to the Future – Oil and Gas at the Center of New Growth in the GCC States.”

Petro Diplomacy: Back to the Future – Oil and Gas at the Center of New Growth in the GCC

Executive Summary

On October 18, 2018, the Arab Gulf States Institute in Washington convened its fourth annual Petro Diplomacy conference, “Back to the Future – Oil and Gas at the Center of New Growth in the GCC States.” Bringing together thought leaders from the oil industry, finance, government, and academia, participants assessed the latest trends and challenges at the crossroads of energy and politics.

After years of surviving in a low oil-price environment, energy exporters in the Middle East finally entered a period of supply-demand balance. And yet, the geopolitical landscape in the region remains complex and unpredictable, with forces capable of destabilizing markets at every turn. At the top of the list is the return of economic sanctions on Iran and its oil exports, which has the potential to cause significant strain on global oil supply.

Speakers and discussants tackled this theme and others, including how Gulf Arab states are focusing on diversifying their economies through the development of downstream and petrochemical sectors, the impact of technology on unlocking new sources of oil and gas in the region, the emerging relationship between OPEC and Russia, and how the security and political environment affect energy production and pricing.

Read full paper

Related:

The Latest

Support Us

Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.

Learn More