Abstract
The international dispute over shared oil and gas reserves is a complex global matter with political, legal, and economic implications. Oil and gas are national assets that must be carefully managed. This study has addressed an essential issue commonly arising in conflicts among the countries in the Arab East region. Multiple oil contracts have been concluded, but these are critical for establishing the necessary groundwork for exploring and investing in shared oil and gas reserves. However, the exploitation and development of these common or trans-regional fields sometimes give rise to legal and political complications, adversely affecting the equitable development and investment of these shared, cross-border resources. This study examines the primary sources of dispute in the Arab East region and the absence of peaceful and suitable resolutions for the parties involved. A comprehensive analysis using a historical, descriptive, and analytical approach revealed multiple conflicts among the Arab East Region states around shared oil and gas reserves, including conflicts among Arab nations and Iran disputes. The intensity of these confrontations has hindered the utilization, advancement, and investment in shared resources, resulting in substantial losses for all countries involved.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Science and Research Archive
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.