Middle East & North Africa

2 Items

News

Energy and the Arab Awakening: A View from Riyadh

Apr. 30, 2013

The Middle East Initiative and Belfer Center for Science and International Affairs hosted distinguished scholars and energy experts from the Kingdom of Saudi Arabia for a panel discussion on Thursday, April 25.  The panelists included Dr. Mohammed Al Sabban, Professor, King Abdulaziz University, former advisor to Minister of Petroleum and Mineral Resources; Mr. Ali Al Shihabi, Founder, Rasmala Investment Bank; and Mr. Abdulaziz al Fahad, Principal of Abdulaziz al Fahad Law Firm.

An Iraqi worker operates valves at the Nahran Omar oil refinery near Basra, Iraq.

AP Photo/Nabil al-Jurani, File

Discussion Paper - Belfer Center for Science and International Affairs, Harvard Kennedy School

Oil: The Next Revolution

| June 2012

A new study by Belfer Center Geopolitics of Energy researcher Leonardo Maugeri finds that oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020.  This could prompt a plunge or even a collapse in oil prices.  The findings by Maugeri, a former oil industry executive who is now a fellow at Harvard Kennedy School’s Belfer Center, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.