The Gulf Oil and Gas Sector: Potential and Constraints

With world demand projected to reach unprecedented levels, led by Asian economic powers such as China and India, oil production peaking in key areas and geopolitical crises fuelling greater uncertainty, issues of global supply security have come to the fore. All these factors have led to a steep rise in petroleum prices, filling the coffers of the oil producers but threatening to paralyse the global economy and imposing a heavy burden on the ultimate consumers. In this energy scenario, where does the Gulf oil and gas sector stand? How can it meet its long-term strategic requirements while satisfying the energy needs of the global economy? This is the main focus of The Gulf Oil and Gas Sector in which leading energy experts examine both the possibilities and the problems of the Gulf energy sector in the wider global context.