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Middle East: an earthquake on the world market of hydrocarbons

Middle East: an earthquake on the world market of hydrocarbons

Developments in the Middle East attract great attention. Many experts believe this region plays a major role in formation of oil prices and the future of the world market of hydrocarbons.

The situation in the region is indeed developing very quickly.

A conflict between Saudi Arabia and Iran has put an end to plans of creating OPEC-2. Saudi Arabia is changing its strategy, while Iran is increasing its presence on the world oil market; the latter also intends to become a serious natural gas exporter being ready to join the South Corridor project and intriguing against Russia.

Meanwhile, the war in Syria may intensify at any moment affecting Iran’s production potential and Turkey’s transit possibilities.

These events directly influence the supply of hydrocarbons on the market. It means all oil producers are concerned about them, at least because they need to understand the level of oil prices in the future.

The report elaborates on the following issues:

  • Discovery of Iran

    Describing the condition of Iran’s oil and gas industry is the core of our report. There are too many speculations around Iran at the moment. Our study is one of the first attempts to look at the situation objectively. This report contains answers to the questions:

    • What role will Iran play on the world market of hydrocarbons in the near future?
    • What investments are required to implement oil and gas projects?
    • What markets will Iranian hydrocarbons reach?
    • In what areas should Russian producers expect higher competition?
    • What are the rules of the game for nonresidents in Iran?
  • Iraq comeback

    • Post-war restoration of Iraq’s oil industry
    • The role of nonresidents
    • The current state of main projects
    • The situation in Iraqi Kurdistan; other political risks
  • Saudi Arabia: search for a new political strategy amid low oil prices

    • The layout of forces in the Establishment of Saudi Arabia
    • Attempts to build a regional power, opponents
  • What should the region expect? Main risks in the Middle East.

    Variants of developments. Influence on oil prices

Contents of the report:

INTRODUCTION 3
IRAN: OIL AND GAS KLONDIKE OR MIDDLE EASTEN PANAMA? 4
Estimated oil and natural gas reserves in Iran 4
Oil production and consumption in Iran 8
Iranian oil export prospects 12
Iranian Gas Balance. Export Outlook 21
Assessment of prospects of return of oil majors to Iran 24
IRAQ: POST-WAR RESTORATION, STATUS OF NONRESIDENTS, NEW DIFFICULTIES 27
Brief history of political conflicts over Iraqi oil 28
Conditions of work of nonresidents in post-war Iraq 30
Results of first rounds of distribution of deposits 32
Situation in Iraqi Kurdistan 44
ISLAMIC STATE AS PRODUCT OF IRAN-IRAQ CONFLICT. IS INFLUENCE ON THE OIL INDUSTRY 46
SAUDI ARABIA: KEY PRODUCER IN THE REGION 52
Political layout in Saudi Arabia 52
Situation in the production segment, economy, prospects of Saudi Aramco privatization 55
Ethnic contradictions, ethnic war in Yemen. Oil and gas industry in Yemen 60
Situation at main straits in the region 64
THREE QUESTIONS ABOUT THE REGION’S FUTURE FROM THE POINT OF VIEW OF INTERESTS OF RUSSIA’S ENERGY SECTOR 67
APPROXIMATE CONVERSION FACTORS 71
ACRONYMS 72
Date of release: July 21, 2016

If you are interested to obtain please contact » Elena Kim

Other issues:
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Analytical series “The Fuel and Energy Complex of Russia”:

New government structure and FES: Reformatting the state system administrating the sector
Global Oil Market: What Prices Should One Expect?
Sanctions Against Russian Oil and Gas: Coil Tightening
American Shale: Life in Trump Era
State regulation of the oil and gas sector in 2017, prospects for 2018

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

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