There were 680 press releases posted in the last 24 hours and 166,875 in the last 365 days.

The Future of Oil and Fiscal Sustainability in the GCC Region

Author/Editor:

Tokhir N Mirzoev ; Ling Zhu ; Yang Yang ; Tian Zhang ; Erik Roos ; Andrea Pescatori ; Akito Matsumoto

Publication Date:

February 6, 2020

Electronic Access:

Download PDF. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Series:

Departmental Paper No.20/01

Subject:

Fiscal policy Gulf Cooperation Council (GCC) Oil exporting countries

English

Publication Date:

February 6, 2020

ISBN/ISSN:

9781513525907/2616-5333

Stock No:

FOFSGCCEA

Price:

$25.00 (Academic Rate:$25.00)

Format:

Paper

Pages:

55


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.