The Political and Economic Challenges of Energy in the Middle East and North Africa

ISBN-13: 9781138706224 / Angielski / Twarda / 2017 / 302 str.

David Ramin Jalilvand; Kirsten Westphal

Opis

Amidst huge upheaval, energy remains of crucial economic and political importance to the MENA region. Declining oil prices, skyrocketing domestic demand, the rise of unconventional oil and natural gas production and shifting patterns of trade all put severe pressures on energy producing countries and present their policy-makers with fundamental challenges. Should MENA countries continue to provide energy at heavily subsidized prices demand will increase and there will be little margin for urgently needed energy infrastructure investments thus a decision to cut subsidies would come with severe risks for internal political stability. Furthemore, international changes in global and regional energy could lead to a loss of market share and a reduction in the MENA region's strategic importance. The expert international contributors in this volume engage with these issues to explore the changes in global and regional energy as well as the political and economic challenges they provide.