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.”
On September 25, 2017, speakers and discussants from the oil industry, finance, government, and academia convened in Washington to examine the challenges of navigating the new oil era at the third annual Petro Diplomacy conference.
Oil, economic growth, and politics have long been intertwined in the Middle East, transforming the region over the past 50 years into a dynamic player on the global stage.
In June 2014, the price of oil, projected to continue increasing to at least $125 to $150 per barrel WTI, collapsed within six months to just under $50 per barrel.
This report is based on the presentations and discussions during the UAE Security Forum 2019, “Reshaping the Future of the Horn of Africa,” held on December 12, 2019 in Abu Dhabi, United Arab Emirates.
Learn MoreAGSIW experts explain what regional trends they’ll be following most closely as the year unfolds.
Sultan Haitham will need to balance powerful interests while engaging all parties, especially as he tackles economic policy.
The Jebel Ali find promises reduced import bills, improved security of supply, and more gas to boost the economy but will require some clever technical and commercial work to make full use of it.
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.
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