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S Arabia and gulf countries could become zero net exporters by 2030
According to Financial Sense (Jan 2008) and other sources, Saudi Arabia will approach zero net exports in 2031, within a range of 2024 to 2037. Other top exporters (Russia, Norway, Iran, and UAE) are in a similar range. - Read More
Tags : saudi arabia middle east oil
Topics : Oil and Gas Oil
Kuwait should start looking at non-oil sources of income
IF Kuwait does not depart from its dependence on the oil sector, an alternative source of energy - the global search for which has been intensified following recent volatility in oil prices - could suddenly upend our economies. Kuwaiti economist Amer Tameemi, was talking to the Arab Times, trying to shake the country’s political leadership to notice the disturbing writing on the wall before it’s too late. - Read More
Tags : kuwait middle east oil