CGEP hosted a special conversation between Mr. Amin Nasser, President and CEO of Saudi Aramco, and Dr. Daniel Yergin, Vice Chairman of IHS Markit and a member of CGEP's Advisory Board, as part of the 2017 Columbia Global Energy Summit.
Authors Tom Moerenhout, Nikos Vezanis, and Chris Westling analyze the political economy of energy pricing reforms in the Middle East and North Africa since the Arab Spring. This report investigates the conditions under which the governments of Tunisia, Morocco, Egypt, Jordan, Saudi Arabia, and Iran--each with very different political economies--were able to implement price increases. The report explains for each country why reform was necessary, how political coalitions affected reform planning and implementation, and how social contract dynamics affected the reforms.
CGEP convened a roundtable of energy and regional experts from academia, industry, finance and government to discuss the changes underway in oil markets and their implications for the countries that make up the Gulf Cooperation Council (GCC), as well as the other forces at work in their decision-making.
Gonzalo Escribano outlines the degenerating security conditions in Northern Africa, raising concerns about the ability of Algeria, an OPEC nation, to weather the resulting economic, political and security shocks, and inviting comparisons between the current situation and the catastrophic events experienced by the country during the 1986-1988 oil price collapse and its aftermath. The report discusses the extent to which low oil prices could foster an environment for economic and political reforms, and the benefits that the international community, specifically Europe, could derive from taking advantage of this moment in time to press for new energy policies that improve both supply and overall security.