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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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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Download PDF H.E. the Prime Minister esquire; H.E. the Speaker of the Federal Parliament esquire; T.E: Members of the Federal Parliament and Ministers esquires. On 2nd December 2014 a brief announcement was made in Bagdad pertaining to an oil agreement between the Iraqi Federal Government (IFG) and Kurdistan Regional Government (KRG). According to the said announcement (and
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With the skyrocketing growth of unconventional oil and natural gas production in the U.S., an intense debate on the impact of energy exports on U.S. consumers, the nation’s energy and economic security and foreign policy has become a major topic of interest. Throughout its history, the United States has attempted to ensure energy security by regulating the price of oil, control
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