Energy

While Gulf states are boosting their green energy potential, the demands of the energy transition require them to prioritize decarbonizing oil and gas production.

The next few years will be pivotal for the Gulf and the broader international community as the world’s energy architecture is redesigned to meet net-zero ambitions.

Despite some large solar projects underway in the Gulf Arab states, mainly Saudi Arabia and the United Arab Emirates, the Middle East does not account for a significant share of total investments in clean energy.

Chinese investors are less risk averse than their Western counterparts, hence their strong showing in the latest upstream opportunities offered by Baghdad.

Gulf governments are looking to privatize their energy-intensive utility sectors, aiming to make public utilities more environmentally and financially sustainable.

On June 11, AGSIW convened its 10th annual Petro Diplomacy conference.

While other Gulf Arab oil producing states have advanced diversification policies to ease reliance on oil revenue and increase renewable energy investments, Kuwait has lagged behind.

Iraq is stepping up efforts to reduce flared gas as the first solar power plant moves forward with France’s TotalEnergies.