SEOUL, April 20 (Reuters) – Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom’s willingness to defend market share at a time when oil markets have staged a fragile recovery. There are worries among some producers that growing output from Saudi Arabia and other members of the Organization of the Petroleum Exp
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Abstract: Despite the tremendous increase in oil revenue and Military Expenditures in the Gulf region after the second and third oil prices revolutions (1980 and 2003), the relationship between them is not studied fully. This paper studies the effect of the oil revenue on the regional security measured by the Military Expenditure in that region. The analysis suggests that oil
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The news from Iraq is not always depressing, though after further scrutiny one becomes apprehensive. A few days ago, the Ministry of Industry (MoI) signed an “in principle” agreement with Royal Dutch Shell to build a petrochemical plant at an estimated cost of $11 billion (Dh40.4 billion) in the Basra region. The plant should be operational in five years, as reported by news a
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Worldwide date production has increased exponentially over the last three decades. Starting in 1965 at about 1.85 million tons, it reached 2.7 million tons in 1985 and 7.0 million tons in 2005. The industry turning point occurred in the early 1980s, during, and immediately after the Iraq-Iran conflict. This conflict disrupted the worldwide date supply, creating shortages in th
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Dr. Jafar co-founded the Uruk Project Development Company in Dubai during 2003. He has extensive experience in the power generation field, having led Iraq’s electricity reconstruction efforts from 1991 to 1999 as well as serving as Chairman of the Iraqi National Committee for Technology Transfer from 1996 to 2003. Dr. Jafar is a staunch supporter of education and an accomplishe
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