Middle East

The Arabian Oil & Gas Landscape

The world's oil and gas reserves are concentrated in a small number of geographic regions, dominated by the Middle East. As a result, this region alone represents more than 50% of known oil reserves and 40% of gas reserves. Oil and gas resources are the economic lifeblood of a number of nations in the Middle East, particularly Iran, Iraq, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates. This being said, Saudi Arabia leads in terms of oil, as do Iran and Qatar in terms of natural gas. The Middle East is the world's leading oil producing region, and given the extent of its known reserves, this status seems likely to intensify. 

The landscape in the Middle East is changing though. Natural gas production in the Middle East is growing strongly and now represents approximately 20% of the world's production. For some countries (Saudi Arabia, the United Arab Emirates and Iran), this increase has been focused solely on meeting strong growth in local demand, whilst for others (Qatar, Algeria and Egypt), it has been a matter of boosting gas exports, particularly in the form of LNG. At the same time, the prospects for increased oil production vary significantly from country to country. In its medium-term forecast, the International Energy Agency ('IEA') foresees a significant increase in Iraq, moderate growth in the United Arab Emirates, no change in Saudi Arabia and Kuwait, and a reduction in Iran over the next five years.  With increasing population, higher standards of living, accelerated growth of energy-intensive industries (cement, aluminium, petrochemicals, etc.) and highly-subsidised energy prices have led Middle Eastern demand for oil and gas to almost doubling. The uncontrolled energy consumption is leading to shortages in some countries. 

On the front of unconventional shale gas, of recent, Turkey has begun to make marked developments to accelerate local energy exploration and production activities, particularly in the South East Anatolia Basin in Southern Turkey and the Thrace Basin in Western Turkey. Whilst having economic advantages, the process of extracting shale gas (fracking) has given rise to significant debates across the world, especially in regards to environmental concerns.  

 

LIVE UPCOMING WORKSHOPS AND COURSES ACROSS THE MIDDLE EAST

   

  ERBIL, KURDISTAN
         DUBAI, UNITED ARAB EMIRATES 
         DOHA, QATAR
         MUSCAT, OMAN

ACCA Classroom and Online Courses
Commencing 1st September, 2017 (For Students Preparing to Sit Examinations in June 2018)

ACCA (the Association of Chartered Certified Accountants) is the largest and fastest growing accountancy body, with over 400,000 students and 170,000 members worldwide. The ACCA qualification is suitable for anyone looking for a career in finance, whether in accountancy practice or industry. The ACCA professional qualification is globally recognised as a leading accountancy qualification, opening up many career opportunities in the world of finance.

Classroom courses will be run in the evenings and weekends in Erbil, Dubai, Doha and Muscat. Read more about our classroom and online courses here.

 

  DUBAI, UNITED ARAB EMIRATES

ADIT Classroom and Online Courses
Commencing 1st September, 2017 (For Students Preparing to Sit Examinations in June 2018)
and
Revision Classes For Students Preparing to Sit Examinations in December 2017

ADIT, the Advanced Diploma in International Taxation, is a specialist, advanced qualification in international and cross-border taxation and is suitable for all professionals. The ADIT Qualification provides the opportunity to prove and improve your own or your team's credentials as an International Tax Professional.

Classroom courses will be run in the evenings and weekends in Dubai. Read more about our classroom and online courses here.

Our course lecturers use a combination of instruction, group discussions and practical examples and exercises to ensure delegates absorb both the theory and the practical application of the topics.