Middle East oil the subject of course
The petroleum market and its connection with historical events in the region will be dealt with in a course at Ibef, in Rio de Janeiro, on October 4 and 5. Lebanon’s Najad Khouri is one of the speakers.
São Paulo – The Middle East, the international oil and market and contemporary geopolitics will be the subjects of a course to be offered by the Brazilian Finance Executives Institute (Ibef) in Rio de Janeiro on October 4 and 5 at its headquarters. The history of the region and its connection with the oil market will be a prominent topic.
Two specialists will discuss this. One is Najad Khouri, an analyst of Middle East politics and economics, the former manager of Petrobras’ export-import arm Interbrás in Baghdad, Iraq and in Tehran, Iran, and an International Relations specialist with Fundação Getúlio Vargas (FGV). Khouri is a Lebanese, but spent most of his life in Brazil. Also speaking will be Humberto Lima, an economist specializing in Macroeconomics of Corporate Strategy with a doctorate degree in Economics from the University of Campinas (Unicamp).
Khouri told ANBA the course will cover subjects including the history of Islam, the Sunnis and Shiites in the Middle East, the region’s politics from World War I until now, nationalism, the oil market, and the shifts in the role of the Organization of Petroleum Exporting Countries (Opec). The speakers will draw a parallel between Middle East history and events in the oil market.
“The Middle East is an extremely volatile region,” says Khouri, noting that the region holds 50% of global oil reserves. “That is wealth, and it affects politics and the interest of superpowers there,” says the specialist, naming local conflicts where oil issues played a part, such as the Iran-Iraq War and the Invasion of Kuwait. According to him, if the region did not produce any oil, it wouldn’t pique so much interest from the world.
Currently, 40% to 60% of the economy of Middle East countries hinges on oil. He remarks, though, that efforts are underway in the Gulf to reduce dependence on the commodity. Saudi Arabia, the leading Arab oil producing country, and Iran, which is located in the region despite being a non-Arab country, will be covered as dedicated topics in the course.
According to information released by Ibef-Rio, upon completing the course, students will be able to relate aspects of the Middle East’s cultural, religious and political makeup and current events in the region; to grasp the Middle East’s role and relevance in the international oil market; and to identify and tell apart the strategic goals and the current scenario in the region’s main countries.
Classes will run from 6:30pm to 9:30pm. Ibef members pay BRL 680 and non-members pay BRL 750. Students will get a certificate upon completion.
Course “Middle East: International Oil Market and Contemporary Geopolitics”
October 4 and 5, 2016
At Ibef-Rio, Avenida Rio Branco, 156 – 4th floor – Wing C – Downtown – Rio de Janeiro
From 6:30pm to 9:30pm
Prices: BRL 680 for Ibef members; BRL 750 for non-members
To enroll call +55 (21) 2217-5566 or write to email@example.com
*Translated by Gabriel Pomerancblum