Connect with us


Asian Countries Eyeing The Middle East For Their Ever-Surging Energy Demands

Deloitte’s 2014 Oil and Gas Reality Check report has disclosed the rippling effects of the energy boom that North America is experiencing at the moment. The country is moving towards becoming soon-to-be exporter and this news has started affecting the Middle East, Russia and China, in quiet positive way.

Deloitte’s report clearly reflects that industry experts believe that this trend will bring in new sources of supply, reshape the global geopolitical landscape and create greater interdependencies among nations, according to the Deloitte’s 2014 Oil and Gas Reality Check report. Apart from all the positivity, the change is expected to increase the competition amongst the nations and the operating companies in the sector.

The report focusses and clearly reflects that there will be significant shift from regionalization to globalization and there will be opening and closing of borders in response to geopolitical concerns. Some of the economically powerful Asian countries and China are gradually getting a way lot dependent on the Middle East for it’s their crude oil needs. The Asian inclination on the Middle East will be stronger and this will generate a lot of positivity for both the countries and their respective job markets.

Let us understand the perspective right here:

Asia’s Growing Energy Demand

China and most of the other Asian countries are witnessing a growing energy demand and this is going to surge even in the coming quarters. The Asia-Middle East nexus begins and end with a story of oil dependency and both the countries share a very strong trade relation. As per the hard facts and figures, the energy demand of most of the Asian countries is likely to increase by approximately 75% by the starting of 2040 and countries like Saudi Arabia are striving towards meeting these demands.

In the strife to bridge the demand and supply gaps, the Asian inclination is expected to bring in a lot of fortunes for the employment markets and economies of both the nations.

Here are some of the fortunes that are likely to touch the nation:

Asia-Middle East Oil Relations: The Fortunes & Monetary Luck

Whenever there is a tie-up or an agreement inked between two nations, there are a lot of benefits that are anticipated on economic grounds. Consequently, if the economy will flourish then an obvious boom in the employment market can be anticipated. Here are some of the benefits that both the nations can expect from this strengthening crude oil import relationship:

1. Revenue Generation

Oil imports, Asia’s growing energy demands and Middle East’s booming oil and gas sector are some of the factors that have generated a lot of possibilities for maximizing revenue for both the nations. There will be construction of new facilities and stationing of technologically advanced equipment to undertake upstream activities; this will require capital for sure. The nation level agreement will attract a lot of foreign based investments and may attract a lot more oil based companies. Developments at such level will bring in a lot of monetary benefits for the government and the nations.

2. Gains Received by Free Trade Zones

Asia and the Middle East share a very strong and years old trade relation. The oil import relations and the attempt to bridge the energy demands of the Asian countries will actually the gains received by the free trade zones. For instance, the Jebel Ali Free Zone (Jafza) in Dubai hosts more than 170 major Chinese companies and there are other Asian business activities that happening with in the free zone in here. The oil import and related activities will add to the benefit factor.

3. Booming Employment Market

The employment market is anticipated to see a major boom in the coming times as Asia tends to direct its energy requirements towards the Middle East. Both the nations in their attempt to meet the growing demands will require better infrastructure and skilled oil and gas workforce to carry out each and every task related to the energy projects. Middle East’s populace constitutes more than 50% expatriates and the figures will go up at a steep rate with such agreements seeing the daylight.

4. Other Middle East Countries in Action

Despite being a small contributor, Iran is now being considered as one of the countries that can satiate the oil demands of big players like China. Iran has been supplying oil to China for quite some time now and is likely to stay at that position in the coming times. Iran can actually serve as a foreseeable geographic bridge to China’s efforts towards securing energy resources in Central Asia and the Middle East.

The Verdict

Asia’s inclination towards the Middle East for satiating the energy demands is going to bring in a lot of fortunes for both the nations as well their economies, altogether.

Continue Reading

Recent Posts

Home Improvement3 months ago

How To Add More Value To Your Home

If you have some spare cash in the bank, it is likely you would like to spend it on your...

Lifestyle3 months ago

What is a Deep Plane Facelift

Cosmetic surgery is a choice that needs a lot of research and when it comes to thinking about a facelift...

Entrepreneur3 months ago

Unveiling the Demand for Digital Marketing Courses: A Comprehensive Analysis

In recent years, the realm of marketing has undergone a seismic shift propelled by the digital revolution. As businesses increasingly...

Home Improvement3 months ago

What Does an Effective Wardrobe Spring Clean Entail?

Spring is upon us which means one thing and one thing only. It is time for the annual purge of...

Business4 months ago

Your Basic Guide To Creating A Unique Investment Blog

Starting your own blog is great and once you get the ball rolling, it can be a good passive income...

Business4 months ago

3 Low-Risk Ways To Get Your New Business Started

Once you’ve got an initial business idea and believe that it will be a success, there are some basic things...

Lifestyle5 months ago

Conquering the Co-free Zone: Tips for Thriving as a Remote Worker

Adjusting to an office environment can come with its downfalls in the sense that it might be a shock to...

General6 months ago

3 Ways To Take Control Of Your Finances Starting Now

If your finances have taken over and are bringing stress to your life, we understand just how overwhelming it can...

Travel7 months ago

Best Places To Visit In The North Of England

If you live in England, you will know there are many different places to visit for the weekend. There are...

General8 months ago

Green Home Improvement Ideas

In a world where environmental concerns are growing, the concept of “green” has gone beyond a trendy catchphrase and is...

Lifestyle8 months ago

How to Host an Unforgettable House-Warming!

The time has finally come. You have moved into your dream pad, and are officially adulting in your very own...

Autos8 months ago

A Guide to Parking Lot Striping

The journey to a well-striped parking lot begins with the right paint. In this brief guide, we’ll unravel the mystery...

Business11 months ago

Business Tips For Protecting Your Finances During A Recession

In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Lifestyle11 months ago

Tips For Cleaning Your Trainers

If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...

Marketing12 months ago

Branding Trends For Start-Ups in 2023

Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...