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INTR[OPU1CTION Econonic Security Issues and the Role of the Gulf Energy Sector 3 KEYNOTE ADDRESS Gulf Oil and Gas: Ensuring Economic Security 23 I E Sheikh Ahmad ahad A AhmadAl Sabah O PRICES AND ECONOMIC SECURITY SOil Prces and the Challenges for the Producers 29 Iteman T T. Iranssen 2 Gulf Econmic Security in the Age of Globalzation 55 Tarik M. Yousef 3 The Oil Boom, the Oil Curse and the GCC 75 Edward . forse INDUSTRI TRENDS AND PROSPECTS 4 Refining Challenges: From Crude Oil Quality Availabiht to Clean Product Demand 93 Pdro Antonio Merino Gar ia s Investment Prospects for Foreign Oil Copanies: Risks and Potntial 167 Jean-Pier ire Fvenec GUL- OIL AND SUPPLY SECURIIY adi Aabia's Sustaiable Capacity and Securi Issues 203 NawaiR. 'baid P7 Te Fuu Im portance of the o ulf inUSl Oil and Gas Requirements 223 FTURE DGM UOR Ur OI Suppiug Asia-Paciic Od Demand Role of t he Gulf 255 Kar Wu ad it YanPg Limn SGil OC i a Global Context: Strategies tor ado Challeges to Demand Security 2 87 PeJer R OdGli