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“The investment climate in Saudi Arabia has become increasingly conducive for local and foreign investors.” Abdulhakim H. Al Khalid, Chairman, Asharqia Chamber of Commerce The Oil & Gas Year Saudi Arabia 2020 charts the transformation of a key oil producer as it pursues wide-reaching plans to diversify the economy away from oil and develop new and varied economic activities. These include increasing non-oil government revenue from USD 43.5 billion to USD 266.6 billion and growing the private sector’s contribution to GDP from 40% to 65%, among other reforms. “The kingdom has seen a tremendous transformation over the last three to four years. We are seeing a positive impact of this transformation on our business.” Tareq Al Nuaim, president and CEO, Luberef As part of its Vision 2030, the government has been establishing partnerships and channelling local and foreign investment into a flurry of domestic projects, from digitisation and automation programmes to research centres, manufacturing hubs and smart cities. This fifth edition of The Oil & Gas Year Saudi Arabia series provides insight to investors and companies looking at strategic opportunities in the country, at a time when Saudi Arabia is experiencing a transformation to a more diverse and technology-driven hydrocarbons industry.
“We ask Europeans to more carefully assess the potential for co-operation with Russia.” Yuri Shafranik, Chairman, Union of Oil & Gas Producers of Russia The Oil & Gas Year Russia 2020 highlights the country’s latest milestones in bolstering its position on the global energy market. The Russian oil and gas industry has been moving further east to boost its hydrocarbons production, launching the Power of Siberia pipeline and continuously exploring the potential of Arctic regions and the Northern Sea Route. “Tatarstan has been the country’s scientific and practical training ground for developing bituminous oil production technologies.” Rustam Minnikhanov, President of the Republic of Tatarstan The Oil & Gas Year Russia 2020 spotlights the Republic of Tatarstan, one of Russia’s powerful oil bases. Tatarstan’s dynamic local industry has maintained and even increased its oil production over recent years. Produced in partnership with the Union of Oil & Gas Producers of Russia, this edition of The Oil & Gas Year Russia series provides foresight to investors and companies looking at strategic growth opportunities in the country, at a time when major fiscal regulatory changes and public policies to support import substitution are reshaping one of the world’s largest energy-producing markets. This product is also available in Russian.
“Given the number and calibre of the companies that expressed interest in our maiden oil and gas licensing round, it suffices to say that Ghana’s oil and gas industry is attractive and promising.” Hon. John Peter Amewu, Minister of Energy The Oil & Gas Year Ghana 2020 delves into the country’s developments a decade after first oil. This year’s edition covers a range of topics, including the country’s first-ever licensing round, measures aimed at boosting investor confidence, the government’s plans to turn Ghana into a regional logistics and petroleum hub, the increasing role gas is playing in the country’s energy mix and the achievements of the local content law since its enactment in 2013. “The exciting aspect about this achievement [the Afina-1x well discovery] is that it’s not just for Springfield, but is for the entire continent – to say that Africans can do things and we do them very well once we put our minds to it. We think that this will unleash the potential of Africa.” Kevin Okyere, Founder and CEO of Springfield Group, TOGY Ghana 2020 Indigenous Company of the Year Ghana is putting the pieces in place to increase its energy profile on the African continent, such as expanding E&P activities to reach 500,000 bopd by 2024, initiating policies to increase transparency in the awarding of blocks and ultimately creating a regional hub for the hydrocarbons industry. Produced in partnership with the Ministry of Energy, this fourth edition of The Oil & Gas Year Ghana provides insight to investors and companies looking at strategic opportunities in the country at a time when Ghana’s oil and gas industry is aiming to double production.
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013. Indeed, while some Western countries may be seeing a return to cautious optimism and leading emerging economies are weighing the potential impact on capital flows of tapering in the US Federal Reserve’s quantitative easing programme, Saudi Arabia is seeing sustained growth buoyed by high global oil prices and internal investment in its own infrastructure. Some 15 years after Saudi Arabia attended the inaugural meeting of G20 countries, its key economic indicators make it the envy of many other member states. Given the size of Saudi economy within the regional and indeed global market, OBG looks in depth at bilateral trade between ASEAN nations and the GCC.
Three tectonic and inevitable shifts have left the world at a crossroads. North America is poised to either re-emerge as a global leader, or turn back in time, ceding power and influence to competitors. The 21st century unleashed unprecedented changes across the globe—to its climate, to the demographic makeup of its nations, and to the very nature of allegiance in the digital age. With its global influence waning, America must reevaluate its approach to globalization if it wishes to remain a leader. In America’s New Map: Restoring Global Leadership in an Era of Climate Change and Demographic Collapse, Thomas P.M. Barnett, bestselling author of The Pentagon’s New Map: War and Peace in the Twenty-First Century and acclaimed geo-strategist, offers seven throughlines to frame and redefine the ambitions and posture of these United States, setting our Union on a bold-but-entirely-familiar national trajectory. In these pages, Barnett offers a deep, yet accessible dive into the three shifts that have lead us to this point: As climate change ravages countries closest to the equator, global dynamics are shifting from an East-West emphasis to North-South in the greatest geopolitical transformation our world has yet experienced—and the Western Hemisphere is far better positioned to exploit this radical reorientation than the East. Aging demographics worldwide favor more slowly aging nations, including the US, while challenging rapidly aging nations like China, incentivizing countries best to delay that transition by integrating younger, faster-growing populations into their ranks. In combination, these two tectonic forces collide with a third: the exploding consumption of an expanding—and now majority—global middle class, the bulk of whom reside along the increasingly unstable North-South frontier. Taking every variable of these unique circumstances into account, America’s New Map charts a path toward a bigger and better United States. We will all be living in somebody’s world come mid-century—this book tells Americans how to make sure it is one we can recognize as our own.
This book addresses key issues on energy transition and its consequences to humankind. The authors intend to discuss how we may tackle climate change considering the rights of current and future generations allow following an ethical scope; a creator of social, economic, and environmental justice that considers the consequences of current choices. Thus, we invite all readers to enjoy this book.
From civilisational frontier risks associated with new challenges like disruptive technologies, to the shifting nature of great-power conflicts and subversion, the 21st century requires a new approach to statecraft. In 21st-Century Statecraft, Professor Nayef Al-Rodhan proposes five innovative statecraft concepts. He makes the case for a new method of geopolitical analysis called 'meta-geopolitics', and for 'dignity-based governance'. He shows how, in an interdependent and interconnected world, traditional thinking must move beyond zero-sum games and focus on 'multi-sum and symbiotic realist' interstate relations. This requires a new paradigm of global security premised on five dimensions of security, and a new concept of power, 'just power', which highlights the centrality of justice to state interests. These concepts enable states to balance competing interests and work towards what the author calls 'reconciliation statecraft'. Throughout, Professor Al-Rodhan brings his philosophical and neuroscientific expertise to bear, providing a practical model for conducting statecraft in a sustainable way.
This book focuses on security dynamics in the contemporary Gulf and Arabian Peninsula. It highlights the development of the Gulf and the Arabian Peninsula, the contemporary challenges and opportunities confronting the principal powers that are active in this important sub-region, and analyzes and evaluates their policy responses. The various perspectives of the chapters all suggest that the stability and security of the Gulf sub-region is now and will continue in the future to be of vital importance to the global community. The chapters that compose the volume are organized into three thematic sections. Part I, ‘Security Challenges and Power Configurations in the Gulf and the Arabian Peninsula: The Historical Context’, comprises three chapters. Part II, consisting of seven chapters, is entitled, ‘Contemporary Security Challenges and Opportunities in the Gulf and the Arabian Peninsula.’ Part III, ‘Contemporary National Interests, Objectives, and Strategies of the Major Powers in the Gulf and the Arabian Peninsula’, comprises five chapters. Finally, the volume ends with a concluding chapter. Unfortunately, the contemporary unstable, heterogeneous Gulf sub-region is fraught with extremely serious and often urgent challenges that threaten the sub-region’s security. This volume helps to illuminate the nature of the sub-regional environment and the contemporary challenges and opportunities that confront the various powers that are active in the Gulf. It also contributes to a greater understanding of the interests, contemporary objectives, and strategies of those powers as they formulate and implement policies in response to the challenges and opportunities that they confront. This book will be of much interest to students of security studies, Middle Eastern politics and International Relations.
This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.