Gulf Oil Companies Redefine Their Role in a Volatile Region
2 Articles
2 Articles
Gulf Oil Companies Redefine Their Role in a Volatile Region
The precedent for politicized energy policy in the region is well known. The 1973 Arab oil embargo remains the most prominent example of hydrocarbons being wielded as geopolitical leverage. But in the decades since, Gulf NOCs have moved away from direct entanglement in regional conflicts, particularly Arab-Israeli or Iranian-Israeli hostilities. Instead, they have matured into commercial and strategic instruments aligned with national agendas fo…
While tensions between Israel and Iran remain very intense, and with the United States now directly involved following the recent coordinated attacks on Iranian nuclear facilities, national oil companies (NOCs) in the Persian Gulf are once again facing a region on the brink of the abyss. While oil markets react to immediate risks, Saudi Aramco, ADNOC and Qatar Energy offer a counterweight: a constant and calculated resilience. These companies co…
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