Iran and GCC verge upon new era of oil ties
To:
Al-Monitor Pro Members
From:
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
Date:
April 24, 2023
Bottom Line:
The argument that Iran and its Arab neighbors will never cooperate in the field of petroleum because they are competitors is outdated. A new era of cooperation is slowly emerging, yet the state structures that have been shaped based on a win-lose mentality will not transform overnight. Shifting political wills and increasing commercial rationales will shape the new patterns of interaction between the petroleum sectors of Iran and the GCC, but it will be a slow process.
