Saudi Energy Reform and International Oil Markets
These remarks were delivered on April 19, 2018 at the International Oil Summit in Paris by AGSIW Board Member Ibrahim Al-Muhanna.
These remarks were delivered on April 19, 2018 at the International Oil Summit in Paris by AGSIW Board Member Ibrahim Al-Muhanna.
Grand reform plans underway in the Gulf region, typified by Saudi Arabia’s National Transformation Program and Vision 2030, give an impression of fast movement. Important changes are undeniably underway.
Though the Oil Link may be broken, the United States and Saudi Arabia remain linked by economic and investment ties, energy markets and a shared interest in global economic stability.
Saudization, or the reservation of certain jobs and sectors for Saudi nationals, is part of the government’s effort to transform its private sector.
Since the opening of the Kuwait Parliament’s current session on December 19 opposition members of parliament have moved aggressively to stymie the government’s austerity agenda.
Discussions between Amazon Web Services and Saudi Arabia to establish a direct presence in the country forecast a broader commercial struggle for control over the e-commerce market in the GCC.
It is increasingly clear that energy resources and revenues alone cannot sustain Gulf Arab economies and societies for the long term.
The arrests of numerous princes and political and business personalities in Saudi Arabia might best be described as an attack on the existing order of business among Saudi elites.
Call it shock and awe. Call it a purge. Call it a clean sweep.
OPEC+ producers are increasing output in the face of a global economic downtown. This will be a major test for non-OPEC producers, but OPEC+ seems confident that time is on its side.
Learn MoreThrough 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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