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31. The US Oil Embargo on Iran: A New Oil Shock?

Author:
Olivier Appert
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Institut français des relations internationales (IFRI)
Abstract:
The 14 July 2015 Vienna agreement on Iran’s nuclear activities (Joint Comprehensive Plan of Action – JCPoA) was a game changer on the geopolitics in the Middle East and for the oil market. The oil sanctions were lifted and Iran increased significantly its production and exports. On 8 May 2018, President Trump announced that the United Stated (US) would withdraw from the agreement. Financial sanctions were reintroduced. From 5 November 2018 onwards, further sanctions will be re-imposed more specifically on petroleum related transactions, including the purchase of petroleum, petroleum products and petrochemical products. What could be the impact of this new embargo? Is there a risk of a new oil supply and price shock?
Topic:
Energy Policy, Oil, Treaties and Agreements, Sanctions, and Global Markets
Political Geography:
Iran, Middle East, and United States of America

32. The Chinese Betting Can Iran Develop Phase 11 of the South Pars Field?

Author:
FARAS
Publication Date:
12-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
China National Petroleum Corporation (CNPC) has replaced Total of France as a major operator in the development of phase 11 of the South Pars gas field. This is a substantial gain for the Iranian government, which strives to lure international investors to shore up its economy following the withdrawal of most foreign companies from the market due to US sanctions in last August and November. However, the project appears to hit many hurdles, including the Chinese company’s fears of heavy US fines or escalation of the US ongoing trade war against the county in the coming period.
Topic:
Energy Policy, Government, Oil, Sanctions, Gas, and Trade Wars
Political Geography:
China, Iran, Middle East, and Asia

33. Costly Options: Will India Keep Buying the Iranian Oil After US Sanctions?

Author:
FARAS
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
The Indian energy sector faces a dilemma amid the US administration plans to impose the second batch of sanctions on Iran in November. The US exerts pressure on the main buyers of Iranian oil, including India, to stop importing it in the coming period. For India, Iranian oil is one of the indispensable options for its energy security because of the preferential terms granted by Iran. Despite the Indian stance rejecting the US sanctions, Indian refineries have decided to halt the Iranian oil shipments starting from next November, and hence they may turn to other producers to fill the potential gap, but at a higher cost.
Topic:
Energy Policy, Oil, Sanctions, and Donald Trump
Political Geography:
Iran, South Asia, Middle East, India, North America, and United States of America

34. China's Middle East Policy: Implications for Pakistan

Author:
Asma Shakir Khawaja
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
South Asian Studies
Institution:
Department of Political Science, University of the Punjab
Abstract:
In the contemporary history, the Middle East and China are the focus of global attention. Though Middle East has fought an ideological struggle with regard to religious extremism in the region, yet the quest for power energy sources cannot be overlooked. While Chinese policy frame , revolving around its approach of non-interference, economic development and a desire of having multi-polar global system is serious challenge for the US which on one hand, advocates democracy, human rights, but with the policy of intervention. Today, the world powers are competing each other for the supremacy of power resources where oil and gas are not an exception. China is the second largest consumer of world‘s oil after the United States (Bajpaee, 2006). China is making an effort to build an economic, political and military influence in the region without involving the military force. Though future will reveal many truths yet it is anticipated that a new triangular balance of power comprising of China, Saudi Arabia and Russia might emerge on the global scene, owing to their inter-connected dependencies. China is looking forward by pursuing the policy of wait and see for the appropriate moment This study primarily focuses on their bilateral relations and deals with China‘s Middle East policy, its increasing activities in the region and implications for Pakistan. For Pakistan, the nature of future relationship with Middle Eastern multi-dimensional crisis is very important because it is the ―Arc of crisis‖. The neutral role of Pakistan in this situation is much hazardous, carrying both challenges and opportunities along with the security repercussions.
Topic:
Foreign Policy, Energy Policy, Oil, Power Politics, and Economic growth
Political Geography:
Pakistan, China, South Asia, Middle East, and Punjab

35. From deadlock to deadline: Iraq’s new government faces pressure to reform

Author:
James Aird
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
Harvard Journal of Middle Eastern Politics and Policy
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Five months after Iraq’s May 2018 parliamentary elections, rival political blocs have broken deadlock and are set to form a new government. On October 2nd, the Iraqi parliament selected Barham Salih, a career politician from the Patriotic Union of Kurdistan (PUK), for the Iraqi presidency. Shortly after his election, Salih named Adil Abdul Mahdi, Iraq’s former oil minister, as prime minister. Iraqis and international observers applauded the selection of these politicians who have eschewed sectarian rhetoric as a victory for political compromise, but Salih and Abdul Mahdi face the challenge of answering popular calls for government reform after a summer marked by violent protests.
Topic:
Energy Policy, Politics, Water, Elections, Employment, Protests, and State
Political Geography:
Iraq and Middle East

36. The glass half empty: Water in the Middle East

Author:
JMEPP
Publication Date:
01-2017
Content Type:
Journal Article
Journal:
Harvard Journal of Middle Eastern Politics and Policy
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Climate change is affecting us all – but some parts of the world will probably bear a far bigger burden than others. A recent study published in the journal Climate Change shows that rising temperatures in the Middle East and North Africa are likely to exceed 2 degrees Celsius by the end of the century, even if the global mean temperature remains below this threshold.
Topic:
Climate Change, Energy Policy, Environment, Natural Resources, and Water
Political Geography:
Middle East, North Africa, and Gulf Nations

37. Economic Integration in the Middle East

Author:
Shahrokh Fardoust
Publication Date:
06-2016
Content Type:
Special Report
Institution:
Middle East Institute (MEI)
Abstract:
The region has incurred huge economic and social losses from poor economic management and conflicts requiring massive military outlays. A policy shift is needed to deploy its substantial human, natural, and financial assets more efficiently through adopting economic and social policies that lead to more rapid and inclusive economic growth in the Middle East and North Africa. The four most powerful players in the region—Saudi Arabia, Egypt, Iran, and Turkey—need to spearhead regional political and economic stabilization to address the root problems. Major regional infrastructure projects in energy, water, and transport are needed to better integrate their economies and expand intra-regional and world-wide trade. This policy paper argues that the major regional players should each follow a coherent long-term development strategy requiring four prongs plus cooperation: Reduce regional tensions and end conflicts through diplomacy and by recognizing that the current approaches are impeding investment and economic growth. Undertake significant economic and institutional reforms at home to remove binding constraints on growth, revitalize the private sector, improve financial access by small and medium-sized businesses, and improve the quality of education. Focus on well-targeted policies and structural reforms that would lead to significant reductions in youth employment and increased female labor force participation; and introduce cuts in military expenditures as regional tensions subside, and reallocate public investment savings to clean energy and infrastructure investments. Increase inter- and intra-regional cooperation and trade, initiate regional projects in partnership with the private sector in areas such as tourism, air and ground transport, regional energy and water, regional health and education, and research hubs. To support these initiatives, a regional development and reconstruction program supported by a 'mini-Marshall Plan' is urgently needed.
Topic:
Economics, Energy Policy, Infrastructure, Reform, and Regional Integration
Political Geography:
Iran, Turkey, Middle East, Saudi Arabia, and Egypt

38. Post-sanctions Iran: Impacts on energy markets

Author:
Krševan Antun Dujmović
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Institute for Development and International Relations (IRMO)
Abstract:
The country of Iran has a key position in energy and general security architecture of the Middle East and the world. The Islamic Republic of Iran preserves one of the biggest energy reservoirs in the world, largely still intact – the country has the second biggest gas reserve and the fourth biggest oil reserve in the world. Its geostrategic location for a major oil and gas exported is ideal as it is located between the oil- and gas-rich Caspian Sea and the globally richest region in terms of energy, the Persian Gulf, where the production cost of oil is the lowest in the world. Still, the country has been isolated since the revolution 37 years ago, and the harsh sanctions targeting the country’s energy sector introduced in 2012 have crippled its economy. After years of exclusion from the major developments in the energy markets, Iran is ready to reclaim its role as a major oil and gas producer after the removal of international sanctions in January 2016.
Topic:
Energy Policy, Sanctions, and Gas
Political Geography:
Iraq, Iran, Middle East, and Persian Gulf

39. Regards sur l’Eurasie - L’année politique 2015

Author:
Anne De Tinguy, Bayram Balci, Isabelle Facon, Adrien Fauve, Thorniké Gordadze, Sergei Guriev, Raphaël Lefèvre, Gilles Lepesant, and Céline Marangé
Publication Date:
02-2016
Content Type:
Special Report
Institution:
Centre d'Etudes et de Recherches Internationales
Abstract:
"Looking into Eurasia" provides some keys to understand the events and phenomena that have left their imprint on a region that has undergone major mutation since the fall of the Soviet Union in 1991: the post-soviet space. With a cross-cutting approach that is no way claims to be exhaustive, this study seeks to identify the key drivers, the regional dynamics and the underlying issues at stake.
Topic:
Demographics, Economics, Energy Policy, Migration, Nationalism, Political Economy, Sovereignty, Terrorism, Natural Resources, Europeanization, Political Science, Regional Integration, and State
Political Geography:
Russia, Central Asia, Caucasus, Middle East, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Armenia, Azerbaijan, Turkmenistan, Georgia, Western Europe, and European Union

40. China’s Foreign Policy in the Middle East

Author:
Umbreen Javaid and Meer Waheed
Publication Date:
07-2016
Content Type:
Journal Article
Institution:
Department of Political Science, University of the Punjab
Abstract:
The importance of energy rich Middle East region for competing oil dependent economies of China and U.S.A is becoming more intriguing calling for cautious analytical insights for a better understanding. The convergence of interest of U.S and China coupled with the volatile political environment associated with this region questions the notion of „peaceful rise of China‟, the nature of its role in the region, and its commitment to retain neutrality which is analyzed in this paper by drawing inferences from its overall foreign policy behavior in the global affairs China is emerging as an influential actor in international politics owing to its massive economic strength coupled with rapidly developing military might and advancements in science and technology. China‟s journey of development is necessarily hinged upon an uninterrupted supply of energy which is the life line of both its economic and military prowess and in that context the importance of oil rich Middle East region becomes manifold owing to the major chunks of the crude oil china imports from this region. The strategic importance of Middle East region for the U.S.A is also an established fact that presents an interesting case study for analyzing future course of China-U.S strategic relations.
Topic:
Foreign Policy, Energy Policy, Oil, Economy, and Soft Power
Political Geography:
China, Middle East, and United States of America