Gulf Oil Companies Redefine Their Role in a Volatile Region ...Middle East

The precedent for politicized energy policy in the region is well known. The 1973 Arab oil embargo remains the most prominent example of hydrocarbons being wielded as geopolitical leverage. But in the decades since, Gulf NOCs have moved away from direct entanglement in regional conflicts, particularly Arab-Israeli or Iranian-Israeli hostilities. Instead, they have matured into commercial and strategic instruments aligned with national agendas focused on long-term stability, economic diversification, and global market integration. This evolution…

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