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Øystein Noreng, “The Euro and the Oil Market—New Challenges to the Industry.” The euro has the potential to put an end to the U.S. and dollar hegem...
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Øystein Noreng, “The Euro and the Oil Market—New Challenges to the Industry.” The euro has the potential to put an end to the U.S. and dollar hegemony in world trade and finance, so far not disputed. The euro has, however, little chance of establishing its own hegemony comparable to that of the U.S. dollar. After a period of competitive substitution, there will be a competitive coexistence between the euro and the dollar. Oil trade could play an important part in this game, but any serious challenge to the position of the dollar raises huge risks for the oil industry.
Mark Rodekohr, “Short-Term Energy Outlook, April 1999—Summer Gasoline Outlook.” This paper is an overview of the short- to medium-term oil market outlook provided by the Energy Information Administration (EIA).
Kurt S. Abraham, “What Is the Status of Iraq’s Upstream Sector?” The subject of this paper is the status of the Iraqi upstream oil industry and its relationship to the United Nations-approved oil-for-food program (as of 1999).
Mohammed Akacem and Fred R. Glahe, “OPEC’s Road Ahead.” This article looks at OPEC, spare production capacity, and quota issues.
Eugene M. Khartukov, “East Asia’s Energy Security: A Russian Perspective?” Russia’s Far East and East Siberia are emerging as major sources of energy supplies for Northeast Asian fuel markets. The author discusses the implications of this for the region’s geopolitical relationships.
Masao Takagi and Hideaki Fujii, “A Changing Global Oil Market and Emergency Oil Stocks for Asian Economies.” This paper looks at the possible establishment of an emergency oil stockpile system in the Asia-Pacific region. The authors present an example of a proposed Asian Strategic Petroleum Reserve (ASPR), in which general conditions of draws from the oil reserves would be decided by a steering committee based upon cooperation between Asian oil-consuming economies and Middle East oil exporters.
Mohammed Sadeqi and Abdullah Al-Naibari, “The Electricity Sector in Africa: Confronting the Challenges of Demand.” This paper assesses the challenges facing the electricity sector in six West-Central African countries: Côte d’Ivoire, Ghana, Togo, Benin, Mali, and Burkina Faso. Reliable and accessible electricity is critical to ensuring social and economic development; yet, the costs of financing, operating, and maintaining electricity plants is extremely expensive. The authors look at the role that aid funds, such as the Kuwait Fund for Arab Economic Development, can play in financing such projects.
Sanaa El Banna, “A New Era for Natural Gas Applications in Egypt.” This paper looks at the growing role of natural gas in Egypt’s energy sector, special emphasis is placed on the use of compressed natural gas.
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