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Subject

Saudi Arabia's Strategy for Strengthening Regional Cooperation: With A Focus on the Oil Industry
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사우디아라비아의 역내협력 강화 전략: 석유 산업을 중심으로

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Type
Academic journal
Author
Sang Yoon Shin (재단법인 에너지경제연구원) 세이훈 마흐무들루 (바쿠공업대학교)
Journal
명지대학교 중동문제연구소 중동문제연구 중동문제연구 제17권 제2호 KCI Accredited Journals
Published
2018.6
Pages
1 - 27 (27page)
DOI
10.52891/JMEA.2018.17.2.1

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Saudi Arabia's Strategy for Strengthening Regional Cooperation: With A Focus on the Oil Industry
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This study analyzes the oil cooperation between Saudi Arabia and neighbor countries including the five GCC countries, Jordan, Iraq and Yemen. The oil-producing GCC countries’ direct oil trades with Saudi Arabia remain at low levels. However, except for Qatar, their oil cooperation will be strengthened because they maintain close relationships with Saudi Arabia which exerts strong influence on them. Jordan and Iraq are also expected to have stronger oil cooperation with Saudi Arabia. Meanwhile, cooperation with Yemen will be in trouble under the current situation. Saudi Arabia considers forming a cooperative relationship with Israel and fortifying the current cooperation with the U.S. in response to the increasing power of Iran recently enabled by the Syrian civil war. However, this policy might cause serious damage to the legitimacy of Saudi Arabia, particularly with regard to its leading role in the Sunni Islamic world and among the Arab countries. As a result, Saudi Arabia will intend to increase support domestically and regionally. Therefore, in the energy sector, Saudi Arabia will expand both its one-way support and mutual cooperation within the region to retain its leadership position.

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