SPECIAL REPORT: GULF ENERGY PROSPECTS REMAIN VULNERABLE TO MARITIME AND SECURITY RISKS

   Wed, 04 May 2022

The six-member states of the Gulf Cooperation Council (GCC) are well-positioned to benefit in the face of the Russia-Ukraine war that has pushed up oil and natural gas prices. The region is looking to capitalise on these global events to grow investment in untapped reserves and field redevelopments previously considered commercially unviable. The main issue of concern remains uncertainty regarding negotiations on Iran’s nuclear programme, and the associated security risks. In the event political pressures in the region rise, so do the associated security and maritime risks, which add further complications to the cost of doing business in the region that is unlikely to abate in 2022.