المستخلص: |
The Organization of Arab Petroleum Exporting Countries pays special attention to the issue of energy security, in its both sides security of supply and security of demand. As the consensus of oil producers and consumers on the issue of reasonable and fair prices that ensure market stability has become increasingly important in the agenda of international relations. It’s worth mentioning that the issue of energy security has different dimensions, namely the economic dimension that includes the abundance of resources and the ability to access and develop them. And the institutional dimension which represented by the presence of international organizations capable of organizing the global energy market and maintaining its stability. The environmental dimension that related to the use of energy sources and the controversy surrounding global warming issues and its relationship to energy sources and their uses. The study deals with the historical development in the concept of energy security, the discrepancy around its definition between energy producing and consuming countries, the main dimensions of energy security and its implications on the global oil market on one hand, and on OAPEC members on the other. The study also provided an overview of potential energy market paths in a future and their implications for global energy security. One of the most important findings of the study is the importance of considering the issue of interdependence in the global energy system in order to achieve market stability.
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