الطاقة

Morocco’s phosphorus fertilizer industry, with its massive production capacity and international reach, has transformed the kingdom into a gatekeeper of global food supply chains. Morocco’s centrality to global food security rests with the fact that all food crops, indeed all plant life, require the element phosphorus to grow and Morocco possesses over 70% of the world’s phosphate rock reserves, from which the phosphorus used in fertilizers is derived. By becoming one of the world’s leading fertilizer exporters, instead of continuing to just export the raw material, Morocco has enriched its economy and elevated its international standing. In Sub-Saharan Africa in particular, the kingdom’s combination of joint venture partnerships in local fertilizer production and deft direct outreach to farmers has resulted in a remarkable boost in African agricultural yields and the notable expansion of Morocco’s soft power influence across the continent.

إن استراتيجية المملكة العربية السعودية لزيادة محفظتها من الأصول النظيفة والمتجددة قد تم تعزيزها في عام 2021، حيث شهدت المملكة العديد من عمليات تمويل المشاريع في قطاع الطاقة الشمسية وأطلقت صندوق البنية التحتية الوطني لتنويع اقتصادها.

Saudi Arabia’s leviathan sovereign wealth fund, the Public Investment Fund (PIF), has recently sold a 5% stake in the Saudi Telecom Company (STC). The firm is the largest and most profitable in the regional telecoms sector. The 3.2B USD sale, completed in early Dec. 2021, is yet another step in Riyadh’s privatization drive as part of its Vision 2030 agenda, and highlights the growing role of the Kingdom’s domestic financial sector.

Saudi Arabia’s strategy to push through its portfolio of clean and renewables assets was further strengthened in 2021 as the kingdom witnessed several project financings in the solar sector and launched the National Infrastructure Fund (NIF) to diversify its economy.

For the MENA region, groundwater is a hidden but significant problem, as many countries extract more than is being recharged and most lack solid legal frameworks and national water policy regulations to determine use. As a result, there are questions and concerns about the current status of groundwater aquifers, especially with the increasing impact of climate change, as well as the type of sustainable alternative solutions that could assist in conserving them. Libya is no exception to this broader regional trend, and the country suffers from growing water scarcity.

المحتويات:

What were the most significant developments in the Middle East and regional policy in 2021? MEI’s Paul Salem, Randa Slim, Bilal Saab, and Karen Young join the program to discuss the key events and what trends to watch in 2022.

On Nov. 22, the Dubai Expo hosted an event where the United Arab Emirates (UAE), Jordan, and Israel signed a cooperation agreement that would broker an exchange of renewable energy and water between Jordan and Israel. The signing of the agreement between the respective minsters of the three countries took place in the presence of Abu Dhabi Crown Prince Mohammed bin Zayed and U.S. Climate Envoy John Kerry, who played a role in getting the deal done.

In the aftermath of the fragmentation of the USSR, the South Caucasus region went through a period of transformational change, during which it had to redesign and rebuild its energy systems and energy security routes. The latest U.N. Intergovernmental Panel on Climate Change (IPCC) report demonstrates that anthropogenic warming has caused extreme temperatures, precipitation levels, and drought in the region. While Georgia has significant potential for additional clean energy generation and other climate change measures, the current pace of transformation needs to increase.

The events of recent months, including a series of critical statements by international players about the reluctance of OPEC+ to raise output beyond its established quotas, have clearly demonstrated the changing realities in the oil market. In addition to global uncertainty, the dynamics between Saudi Arabia, Russia, and the U.S., as well as the actions of Asian oil consumers, have become other key factors shaping the cartel’s behavior.

عندما أعلن البيت الأبيض في عهد الرئيس جو بايدن أنه قد نجح في ضم العديد من الدول الرئيسية المستهلكة للنفط في محاولة لتنسيق عمليات الإفراج عن احتياطيات البترول الاستراتيجية (SPRs) حول العالم، بدا أن هذا سيكون العامل الرئيسي الوحيد في أسواق النفط التي ستناقشه أوبك بلس في

While oil prices have rebounded before soaring since the depths of collapse in the spring of 2020 — with Brent crude prices skyrocketing from $19 per barrel in April 2020 to a three-year high of $86 per barrel in October 2021 — the prospects for a sustained high oil price for Gulf producers is unlikely.

When President Joe Biden’s White House announced that it had successfully enlisted several major oil-consuming countries in an effort to coordinate releases from strategic petroleum reserves (SPRs) around the world, it looked like this would be the only major factor in oil markets that OPEC+ would need to consider at its upcoming meeting on Dec. 2. Then came Omicron. The newly discovered variant of the COVID-19 virus sent benchmark oil prices plunging on Nov. 26 as uncertainty over its impact roiled global markets.

North Africa has entered a food security crisis. Tunisia, Algeria, and Morocco are witnessing food inflation levels not seen since the civil unrest of the Arab Spring a decade ago. Although the Maghreb’s current food crisis was precipitated by the local and global economic shocks brought on by the onset of the COVID-19 pandemic in 2020 and its 2021 aftermath, the structural fragility of the food systems in Tunisia, Algeria, and Morocco is responsible for severity of the problem. At the core of this fragility is the failure to implement adequate measures to address the impact of increased water scarcity and debilitating climate change.

As the U.N. Climate Change Conference (COP26) kicks off in Glasgow, climate change is front and center on the global agenda. Few regions of the world have more at stake than the Middle East and North Africa, given the current environmental and sustainability challenges and potential future scenarios. Experts from across MEI weigh in with their thoughts on what should be the key outcomes from COP26.