After more than 25 years of working alongside international oil company giants, Qatar Petroleum has the technical capability and expertise to manage its own gas business. But it is unlikely to end all its partnerships.
Japan’s need for energy security has long driven relations with the Gulf states, but, under the banner of economic diplomacy, Gulf-Japan ties are diversifying.
Abu Dhabi traditionally managed its oil and gas resources cautiously and conserved hydrocarbon wealth for future generations, but the energy transition is reshaping its strategy.
A $7 billion deal with French oil major Total could provide a lifeline for Iraq’s fragile economy.
Saudi Arabia and Russia appear to be on the same page now, but OPEC+ will have to consider the impacts of its market management policies if it wants to avoid the pitfalls that have contributed to oil price volatility in the past.
OPEC+ producers seem to have adopted a wait-and-see attitude, but as maintaining production cuts becomes more difficult for the smaller producers, they may be tempted to cash in while prices are high.
The new variant of the coronavirus, new lockdowns in several parts of the world, and the slower-than-expected rollout of the vaccine cast doubt on the timing of a recovery that would sustain higher production.
In 2020, the coronavirus pandemic dealt a significant blow to global climate diplomacy, but the strengthening of a number of trends might signal more momentous changes to come.
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