Conference to address the future of oil security in the Middle East | Conference to address the future of oil security in the Middle East -
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Conference to address the future of oil security in the Middle East

United Arab Emirates: Thursday, November 07 - 2002 @ 10:02

The topicality of the debate is reinforced by the prospect of military action against Iraq, ongoing difficulties in bilateral relations between the West and several key oil-producing states and the pressing need to diversify supply.

The conference programme will reflect these key concerns. The first session will focus on the increasing volatility of the relationship between Western states and the Gulf, and its consequences for the security and stability of oil supply. Keynote speakers have been chosen for their particular expertise in this topic, and include Dr Herman Franssen, Director of Petroleum Economics and Dr Edgard Habib, Chief Economist at Chevron Texaco.

The debate will then turn to the forces that will shape the future energy map of the Middle East. The implications of the US war against terrorism and its effect on foreign relations will be considered, as will the demographic and political pressures facing the Gulf Monarchies. This interplay between political and economic strategies will be explored by Julian West, Senior Director of Cambridge Energy Research Associates, Dr Abdullah Shayeji, Director of the Kuwait Information Office in Lebanon and Professor Giacomo Luciani, Co-Director of the Mediterranean Programme at the European University Institute.

The discussion will then turn to the prospect of military action against Iraq and its repercussions, both for the oil industry and more indirectly for the regional political landscape as a whole. Whatever future form Iraq may take, its re-admittance into the community of Arab oil producers will represent an opportunity as well as a threat to oil producers and suppliers.

The conference will close by focusing on Western efforts to diversify their energy supply, and the implications of developments in Central Asia and the Caspian for OPEC’s supremacy in the oil market. Dr Manouchehr Takin from the Centre for Global Energy Studies and Bruce Riedel, a former member of the National Security Council in the USA are among those scheduled to debate these issues.

The conference is sponsored by ChevronTexaco and supported by The Petroleum Economist, Middle East Economic Survey and Business Monitor International.

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Thursday, November 7- 2002 @ 10:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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