A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
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A new agreement to finally connect Iraq to the Gulf Cooperation Council Interconnection Authority marks a significant step toward greater energy integration in the region.
The Russian war against Ukraine has been both a gift and a curse for oil producers in the Persian Gulf. It has stoked oil demand, but also made clear the strategic necessity of the energy transition.
Embracing shared objectives, drawing on collective strengths, and navigating challenges with a collaborative spirit will the Gulf region towards a future defined by sustainability, resilience, and mutual prosperity.
The complexity of Gulf power markets has significantly increased due to climate change, making it essential to pay more attention to how systems are planned and designed.
Greater Gulf cooperation on hydrocarbons, as a part of balanced strategies incorporating climate protection, could manage some of these threats and promote longer-term cooperation solutions to problems facing the region’s critical economic sector.
The scale of solar investments is far from shifting the GCC away from its heavy dependence on fossil energy and solar power is far less promising in the Arabian Peninsula than many outside observers might think.
In March, China managed to a broker a détente between Iran and Saudi Arabia, achieving a diplomatic breakthrough that had eluded European governments. But Europe and China have shared interests in the region and there is scope for the two powers to work together to foster further multilateral diplomacy.
Xi Jinping’s recent trip to Riyadh, his first foreign visit to the Middle East since the pandemic, suggests that China may no longer seek to treat Iran and its Arab neighbours as equals.
The shared oil and gas fields in the Persian Gulf and Gulf of Oman are largely untapped areas for bilateral and multilateral cooperation.
Iran’s Arab neighbours have acknowledged that they can benefit from JCPOA-related sanctions relief, suggesting that regional diplomacy underway has reinforced trust in the nuclear talks.
The Rouhani administration’s efforts to foster regional diplomacy were never taken seriously by Arab leaders. But the participation of Iran in the Baghdad Conference makes clear that the importance of regional diplomacy is understood even among Iran’s so-called hardliners.
Earlier this week, Mohammed bin Abdulrahman Al Thani, the foreign minister of Qatar, travelled to Tehran in the latest instance of Doha's efforts to act as a facilitator for the resolution of international conflicts.
◢ Most experts focus on growing antagonism between Iran and its Arab neighbors as a risk to regional prosperity.
◢ However, Iran’s large consumer-driven economy and some early success stories suggest that many GCC companies are actually very well positioned to transfer their knowhow to the Iranian marketplace.
