Oil alone cannot support GCC economies going forward - even at high prices.
The Gulf States hold massive hydrocarbon resources, almost half of proven global oil reserves and one third of those of natural gas. Chokepoints, narrow channels along widely used sea routes, are critical in the maritime transit of oil and natural gas and, therefore, to global energy security. International markets depend on reliable transport routes, and blocking a chokepoint, even temporarily, can lead to substantial increases in costs and prices.
This report compiles the main findings of the experts invited to the Study Day. It contributes to a more comprehensive and strategic understanding of the potential threats and opportunities related to energy and maritime security in the Gulf.