Tag: Kuwait

  • Assessing Kuwaiti Energy Pricing Reforms

    By: Manal Shehabi

    From mid-2014 Kuwait has experienced a substantial drop in its oil export price and, consequently, government revenue, causing a severe fiscal deficit and impaired economic performance.  Cutting energy subsidies has become a policy priority.  In the face of widespread opposition, the government raised gasoline prices in August 2016, proclaiming such reform key to solving its […]

  • Prospects for Renewable Energy in GCC States – Opportunities and the Need for Reform

    By: Laura El-Katiri , Muna Husain

    This study explores the economic potential for, and possible caveats of, renewable energy in the GCC countries. Looking at the case of Kuwait, the authors highlight the growing potential for economic cost savings, primarily for solar photovoltaic power in the GCC states over oil-fired power generation, in the current global high-price environment for oil. The […]

  • A Roadmap for Renewable Energy in the Middle East and North Africa

    By: Laura El-Katiri

    Home to more than half of the world’s crude oil and more than a third of its natural gas reserves, the MENA region has, for the past fifty years, gained enormous significance as a global producer and exporter of energy. The MENA region is already a major energy consumer, and is forecast to continue to […]

  • Energy and Arab Economic Development

    By: Bassam Fattouh , Laura El-Katiri

    Like no other region, energy resources have shaped the Arab world and its modern-day development trajectory. Endowed with some of the world’s most important oil and natural gas reserves, countries in the Arab world have over the past four decades produced and exported more oil than those of any other region, and hold reserves sufficient […]

  • The GCC and the Nuclear Question

    By: Laura El-Katiri

    For a long time, nuclear energy appeared to be an unlikely scenario for the Gulf Cooperation Council (GCC) states. However, the late 2000s have seen a policy U-turn in the GCC’s attitude toward nuclear power, with the United Arab Emirates and Saudi Arabia now pursuing plans for their own nuclear reactors by the 2020s. The […]

  • Interlinking the Arab Gulf: Opportunities and Challenges of GCC Electricity Market Cooperation

    By: Laura El-Katiri

    The GCC countries have experienced tremendous economic growth over the past decade as a result of high windfall revenues from their oil and natural gas exports. At the same time, the region’s own energy consumption, including of electricity, has risen fast, leading to various capacity bottlenecks in the short term with recurrent electricity outages along […]

  • Oil Price Shocks and Developing Countries: A Case Study of the Gulf Crisis

    By: Sarah Ahmad Khan

    Although the 1990 Gulf crisis caused onIy a short period of high oil prices, this shock had an impact on oil-importing developing economies in different ways. In the first place, the crisis had an effect on their oil import bills and balance of payments, and secondly, these effects varied between countries. To start with, the […]

  • Political Dimensions of the Gulf Crisis

    By: Robert Mabro

    The Middle East holds a very Iarge proportion of the world’s proven oil reserves. More importantly, the region has been the major potential source of incremental supplies since the 1940s, and will retain this role in the foreseeable future. Other oil regions that played this roIe in the past, such as the North Sea and […]

  • Oil Demand: Dependence or Flexibility?

    By: J. M Dargay

    Iraq’s invasion of Kuwait, the boycott of Iraqi and Kuwaiti oil and the consequent surge of international oil prices mark the third major disruption on the oil market in the past two decades. The export reductions provoked by the Arab-Israeli war of 1973, the Iranian revolution of 1978-79 and the present Gulf crisis are very […]

  • The First Oil War: Implications of the Gulf Crisis in the Oil Market

    By: Leonie Archer

    The issues which provided Iraq with the pretext for its invasion of Kuwait were oil pricing policies and oiI revenues. Of course, Iraq had broader political and regionaL objectives, but its most immediate and pressing concern was to loosen the economic and financial noose that was threatening strangulation. Low oil prices, technicaI limitations on arrent […]

  • The Gulf Crisis: Implications for the Environment

    By: Leonie Archer

    The Gulf crisis has thrown into sharp relief matters of key concern to national, regional and global security. It has refocused political attention and jerked nations out of an earlier complacency regarding such varied but key issues as the Palestinian question, energy security and the development process. It occurs in a new global context of […]

  • Petroleum Investment in the Arabian Gulf

    By: Goran Bergendahl

    In 1974 the thirteen OPEC countries suddenly received record oil revenues of $114 billion . The disposal of that income was as follows: 35% was used to finance imports of goods – mainly consumer goods and the remainder – the current account surplus – was placed abroad, mainly in the form of bank deposits (see […]

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