The recent fall in oil and natural gas revenues has brought renewed attention to domestic energy pricing issues among GCC governments. Fuel and feedstock prices are typically set below world market prices to support domestic energy-intensive activities such as petrochemicals production. GCC members can explore different pathways for reforming energy prices, as demonstrated by the successes in Dubai and Tunisia. Such reforms result in more efficient production and consumption of energy and a positive contribution to a nation’s finances.
Opportunities & Challenges in Reforming Energy Prices in GCC Countries
- Initiative -
- Type Workshop brief
- Date 13 June 2016
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