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The Geopolitical Implications Of Global Decarbonization For Mena Producing Countries


The Geopolitical Implications Of Global Decarbonization For Mena Producing Countries
Feb 21, 2021 10:35:am
Summary
Endowed with half of the world’s proven oil and gas reserves, the Middle East and North Africa (MENA) region represents a cornerstone of the established global energy architecture. As the clean-energy transition gains momentum worldwide, this architecture might shrink challenging the socio-economic and geopolitical foundations of the region in general, and of its oiland gas-producing countries in particular.
by: Pier Paolo Raimondi and Simone Tagliapietra, Oxford Institute For Energy Studies (OIES)
Posted in:
The Geopolitical Implications Of Global Decarbonization For Mena Producing Countries
This challenge has two dimensions: domestic and international. Domestically, a decline in global oil and gas demand would reduce revenues for producing countries. Considering the profound dependency of these countries on ....

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S&P Global Ratings Takes Multiple Rating Actions On Major Oil And Gas Companies To Factor In Greater Industry Risks


S&P Global Ratings Takes Multiple Rating Actions On Major Oil And Gas Companies To Factor In Greater Industry Risks
- S&P Global Ratings believes the energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers.
- To factor this into our ratings, on Jan. 25, 2021, we revised our industry risk assessment to moderately high risk from intermediate risk.
- We have placed our ratings on nine companies and their subsidiaries on CreditWatch with negative implications, as we review the consequences of higher business risks for these ratings.
- We are revising the outlooks on two ratings to negative. ....

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