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Natural Gas Boom in the Middle East

Author

Listed:
  • PETRE PRISECARU

    (Department of European Integration Governance Institute for World Economy ROMANIA)

  • AL DULAIMI HAIDAR ALI

    (College of Economic & Administration University of Al-Qadisiya IRAQ)

Abstract

The article tries to present the place and role played by the Middle East region on the international market of natural gas due to its high potential of production and export. Important gas reserves are not extracted due to poor infrastructure, difficult technical conditions and lack of needed investments. But the main problem which creates great obstacles for the capitalization of gas resources and impedes the countries’ development and export is the conflictual situation persisting in the region for many decades. Instead of cooperation one can see a permanent confrontation which seriously harms the social and economic progress, and that is why democratic and responsible regimes are required, with a new vision upon international relations, but also it is needed the economic, financial and technological support of the great powers, in particular of USA and EU, that is essential and extremely beneficial for the future of this region.

Suggested Citation

  • Petre Prisecaru & Al Dulaimi Haidar Ali, 2014. "Natural Gas Boom in the Middle East," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(1), pages 11-21, May.
    • Handle: RePEc:ntu:ntugeo:vol2-iss1-14-011
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    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_1/geo_2014_vol2_no1_art_002.pdf
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    More about this item

    Keywords

    reserve; potential; supply; demand; export; infrastructure;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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