Oman at a Crossroad: Oil Crisis Management, Public Debate and the Role of the Civil Society
Article from: OGEL 3 (2017), in Middle East, Buy Back Contracts
Abstract
Sliding oil prices have been challenging gulf economies as well as the stability of their political and social architecture since 2014. Due to the reliance of these countries on the oil and gas sectors, this crisis may have more transformative potential than the aftermaths of the Arab spring. The deepness and intensity of these potential transformations are strictly linked to a number of intertwined factors: The duration of the crisis itself; the proven reserves as well as the net cost of producing oil and gas; the capacity and resilience of Gulf governments to modify and adapt ...