Over the past decades, there were numerous aspects of cooperation and coordination among GCC countries, leading to making a progress in local economies and economic integration among GCC States.
Yet, cooperation in the oil and gas industry seems to be excluded from this cooperation, although the oil sector is the essence of the GCC economies.
It seems that the semi government and private sectors have decided to break this exception and conclude deals in the area of petroleum products — a very important shift that marks a promising start of greater inter-GCC coordination in this vital sector, which will consequently reflect positively on the oil and gas sector.
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