The following provides summaries of the research in progress by staff of the Oxford Institute for Energy Studies. The Institute’s unique multidisciplinary expertise allows it to examine the economics, the politics and the sociology of energy with a focus on oil and natural gas.

The specific subjects of research in progress, while set within these broad lines, necessarily reflects the particular research capacities, skills and interests of the research fellows.

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  • Iraqi Oil: industry evolution, production dynamics and future competitiveness

    By: Ahmed Mehdi

    Iraq is expected to make one of the largest contributions to OPEC production growth out to 2020 (having already added 1.7-1.8m b/d from 2011-2016). IOC’s in Southern Iraq have been the major contributors of growth, having added 2.3-2.4m b/d since 2009 (with approximately 700,000 b/d offsetting declines). Despite Iraq’s prized position in having some of […]

  • Gulf NOC strategies in Asia

    By: Loftur Thorarinsson

    Confronted with slowing demand for crude oil, NOCs are increasingly diversifying from the upstream and investing in the downstream sector both in their home markets and in consuming countries to ensure market share. Already more than 75 percent of Gulf NOC oil exports are destined for Asian markets, and more than 70 percent of new […]

  • Advancing Renewable Energy in Resource-Rich Economics of the MENA: A Comparative Study of GCC Countries

    By: Anupama Sen , Rahmat Poudineh , Bassam Fattouh

    A 2016 OIES Paper argued while the main obstacles to deployment of renewables in MENA countries  are grid infrastructure inadequacy, insufficient institutional capacity, and risks and uncertainties, the investment incentives lie on a policy instrument spectrum with two polar solutions: (i) the incentive is provided entirely through the market (removing all forms of fossil fuel […]

  • Electric Vehicles in India: Policy, Prospects and Barriers

    By: Anupama Sen

    India’s oil demand has surged, with transportation accounting for 40% of this. It is the world’s sixth largest car market, with over 3 million units sold in 2016. From 2010-15, car sales have been increasing by around 2 million units annually, with the majority of new sales going to fleet expansion. Unlike developed markets where […]

  • India’s Oil Demand Growth: Have the Drivers Changed?

    By: Anupama Sen

    Following record high oil demand growth in 2015 (303,000 b/d) and 2016 (380,000 b/d), India’s demand growth in 2017 has been variable, falling by 89,000 b/d in the first quarter, recovering to 103,000 b/d in the second quarter, and witnessing the largest drop since 2003 in August, before recovering in September. Barring widespread flooding in […]

  • Policy Considerations Around India’s Upstream Reforms

    By: Anupama Sen

    India’s government is attempting to revive investments in its upstream sector, following several years of decline. In May 2016, it ran a ‘Discovered Small Fields’ (DSF) auction of marginal fields held by its National Oil Companies (NOCs), and in July 2017 launched its first open acreage licensing round under its new ‘Hydrocarbon Exploration Licensing Policy’ […]

  • Between progress and challenges: uncertainty for Iran’s energy sector at home and abroad

    By: David Ramin Jalilvand

    In 2017, Iran’s energy industry experienced a slightly better than normal year. Most notably, an international contract was signed with France’s Total and natural gas exports to Iraq were – finally – launched. At the same time, huge challenges remain. Internationally, uncertainty over the future of sanctions relief and the nuclear deal persists. Domestically, a […]

  • Oil Price Paths in 2018: The Interplay between OPEC, US Shale, and Supply Interruptions

    By: Andreas Economou , Bassam Fattouh

    This paper explores how the oil price path could evolve in 2018 based on forecast scenarios of the real oil price that rely on a structural model of the global oil market. Forecast scenarios are not predictions of what will happen, but rather modelled projections of the various oil price risks in the year to […]

  • Steady Growth: Ghana’s Oil Industry in the Lower Price Environment

    By: Monica Skaten

    The discovery of the offshore Jubilee-field in 2007 put Ghana on the map as a commercial oil and gas producer. A decade after the discovery of the Jubilee-field there has been numerous notable events, including three presidential elections, a maritime border dispute and a drastic fall in the price of crude oil. Despite these developments, […]

  • Oil and gas in a new Libyan era: conflict and continuity

    By: Richard Barltrop

    Libya has long been an idiosyncratic political and governance context for the oil and gas industry. Since independence in 1951 the country has passed through sharply contrasting periods of politics and governance, each of which has intentionally and unintentionally shaped the industry. In the latest period, since 2011, armed conflict and insecurity – rather than […]

  • Japanese Upstream Oil Investment Strategies – A Case Study of the Gulf

    By: Loftur Thorarinsson

    The research paper discusses the structure of the Japanese upstream oil industry, investment strategies of Japanese market players and attempts to acquire concessions through case studies in the Gulf Cooperation Council, Iran and Iraq. Japan is the 4th largest importer of oil in the world and more than 80% of the 3,37 MMbpd (2015) were […]

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