The Impact of the Oil Crisis on the MENA Region

The impact of the oil crisis on the MENA region

The paper presents the consequences of the pandemic in the MENA region, which is among the most exposed ones to fallout from a possible global recession due to the economic repercussions of the current Covid-19 pandemic and the recent collapse in the oil prices. Heavily relying on oil revenues, the MENA region oil producers will face long-term challenges from a financial, political, social and security perspective. The study analyses this situation making reference to Saudi Arabia-Iran relations and to the post-oil economic plans of some of the MENA countries.


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