Mounting tensions with Iran have many keeping a watchful eye on global energy prices. However, Iran is not the only potential trouble-spot.
The results of Maplecroft’s Resource Nationalism Index show that a full 44 percent of global oil production currently occurs in countries that pose a ‘high’ or ‘extreme risk’ of resource nationalism. In fact, the list includes eight of the twelve members of OPEC .
As Maplecroft defines it, resource nationalism is a rising phenomenon where governments of countries hosting large reserves of natural resources try to secure greater economic benefit from their exploitation or leverage political gain through restricting supplies. This not only has operational and financial implications for extractive companies operating in these countries, but it could create further instability for the global energy markets.
The Resource Nationalism Index identifies the risk of resource nationalism across 197 countries.
Maplecroft included nine countries in the “extreme” risk category: (more…)