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Gulf Oil in the Aftermath: Stategies and Policies

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Gulf Oil in the Aftermath

Stategies and Policies

By Emirates Center for Strategic Studies and Research (Edited by), Emirates Center for Strategic Studies and Research (Edited by)

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Format: Hardback, 288 pages
Published In: United Arab Emirates, 22 August 2006
The first major survey of the Iraqi oil industry since the US-led invasion, this book is essential for understanding the direction of the world oil market. The contributors to this book are heavyweight players. Iraq has always been a major player in the global oil industry: a founding OPEC member with an established oil sector and vast untapped oil reserves. However, its oil sector has never realized its full potential, being hindered by UN sanctions in the 1990s and later by infrastructural damage following the US-led invasion of 2003. The disruption in Iraqi oil supply and the prospect of its resumption carries both short and long term implications: for Iraq, the Gulf states, OPEC and the world oil market. Although OPEC did stabilize supply and prices in the immediate aftermath of the Iraqi invasion, such geopolitical upheavals create major challenges in market management. On the new world oil map, the geographical focus of exploration and production is now shifting away from the Gulf to newer areas such as Russia, the Caspian basin, Venezuela and the West African rim. With global energy demand set to grow phenomenally, especially in Asia, and nations seeking to diversify and secure their oil supplies, both OPEC and non-OPEC countries must make strategic investment and production choices to meet anticipated supply challenges.

About the Author

The Emirates Center for Strategic Studies and Research is based in Abu Dhabi, UAE.

EAN: 9789948007531
ISBN: 9948007530
Publisher: The Emirates Center for Strategic Studies & Research
Dimensions: 23.4 x 15.6 centimetres (0.76 kg)
Age Range: 15+ years
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