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Energy productivity, the new frontier for GCC countries

Abstract:

The recent decline in oil price – the largest in terms of annual average when compared to those of 1986 and 2009 – turned the 2014 budget surplus for Gulf Cooperation Council (GCC) countries into a deficit of about 8 per cent of combined GDP in 2015, according to the International Monetary Fund (IMF). Since 2014, natural gas prices have also shown a declining trend, although not as pronounced as oil. In response, governments have dug into their reserves and are tapping new sources of financin...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher:
Oxford Institute for Energy Studies Publisher's website
Journal:
Oxford Energy Forum
Issue:
102
Pages:
29-33
Publication date:
2015-01-11
ISSN:
0959-7727

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