This short comment discusses how oil policy in the Arab world is often perceived by some parts of the western media, focusing on media coverage over the latest oil price cycle. An abridged version of this comment was presented at the 2nd GCC Petroleum Media Forum (Riyadh, Saudi Arabia, 22-24 March 2015).
Like many other industries in developing countries, oil and gas (O&G) have regularly used a mixture of domestic and external finance. The financial challenges faced by the sector have rarely been about closing financing gaps because of two inherent characteristics. Firstly, O&G have been an enabling factor for developing countries wishing to access international capital […]
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 […]
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