India’s investments in energy thus far have concentrated on buying stakes in oilfields in developing countries often at the risk of political unpredictability. With oil prices, and therefore oil company values, falling – India should revise this strategy and aim for better value and lower risk by making investments in companies in the developed world. This paper recommends investing in oil and gas assets in energy-rich developed countries like the U.S., Canada and Australia, to reduce India's vulnerability to future increases in energy prices. These should be made via a sovereign wealth fund (SWF), not the national oil companies. The SWF will be best served by acting as a financial investor, acquiring, only minority stakes, rather than aiming for management control.
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Oil prices, arms exports and conflict are inter related especially when it comes to the U.S. Its arms industry grows when high prices and conflicts coincide. This has kept West Asia on a perennial geopolitical boil. This infographic charts the highs and lows of U.S. arms sales, especially in the light of conflicts centred around West Asia
The announcement in June of a Saudi-Israeli alliance against Iran has to be seen in the context of the strategic dimensions of India’s relations with Saudi Arabia, Israel, Iran, and the U.S. And it has far-reaching implications for India’s policy towards West Asia
Many Arab Republics are mired in political discord after the departure of the old tyrannical regimes opened up spaces for new struggles. In Iraq, Yemen, Libya, and Sudan, attempts to address the turmoil through constitutional reform are facing challenges. Will a democratic federalism be attained when the battles are done?
The rise of the militant ISIS will alter the stability and future of all West Asian countries, and can impact India in multiple ways. India must re-evaluate its West Asia policy, and address the safety of its nationals in Iraq, the security of its oil supplies, and the fallout on South Asia of this resurgence of strife
On November 24, the P5+1 and Iran reached a consensus on the interim agreement regarding Tehran’s long-disputed nuclear program. How comprehensive is this agreement, and what are its potential upshots for U.S., and West Asia – especially Israel and Saudi Arabia? More importantly, can India play a positive role?
In recent days, both the U.S. and Iran have intimated that they seek a broad improvement in relations, signalling a welcome thaw in bilateral ties. What does this mean for Tehran and Washington, and more importantly, how will this development play out in the West Asian region?
Despite rising international opposition, U.S. President Barack Obama is ready to penalise the Syrian regime for an alleged chemical attack in Ghouta, Syria, last month. The justifications given by the U.S. for an armed attack are questionable, and such retaliatory action will destabilise the entire region
The Arab uprisings show no sign of closure, and have become amorphous. While New Delhi has so far been immunised from the political and religious dimensions of the uprisings, the rise of political Islam, Islamic governance, and continuing instability will impact India.
With the Free Syrian Army being supplied aid by the West and the Gulf Cooperation Council countries, the endgame for the Syrian regime has begun. Does Assad's exit guarantee the replacement of autocracy with democracy? What implications will it have on regional politics?