R&D Spending Surges In GCC’s Chemical Sector

Russia’s February 2022 invasion of Ukraine has reignited international debate about the pace of the global energy transition and the risks of relying on oil and gas imports from countries with opposing agendas. In the Gulf it is largely framed around how to extract maximum benefit from the remaining hydrocarbons wealth, while also playing a responsible role in global efforts to both mitigate climate change and maintain stability in international energy supply. In October 2022 Oman, along with the UAE, pledged to reach net-zero emissions by…