Title: Unified Fuel Pricing Strategy for the Gulf Council Cooperation Countries (GCC)
Format: Font must be Arial, 12 point font with 1.5 page spacing. Paragraph headers must be clearly identifiable by ways of text style, and use of numbering.
I. Abstract: Provide an abstract for this paper. (1/2 page)
II. Introduction: short summary of the goals of price unification strategies, their impact on the local/regional economy, and general lessons learned. (1 page minimum).
III. Literature review: highlight the key finding of similar energy price unification experiences worldwide.What are the key benefits and major challenges? Also, provide a summary of previous research in this topic area. Furthermore, summarize the pros (benefits realized) and cons (sacrifices made) of the direction to unify prices(3 pages minimum and must reference Dr. Mohammed Al-Sahlawi).
IV. Country Profiles: define the gulf council cooperation and list the member countries. For each country, summarize &present the current production and consumption levels showing the product composition in the national energy mix (5-6 products minimum) and major consuming sectors. Highlight the strength and weakness of each country economy. (6 pages minimum)
V. Historical Data: For each country, provide historical quantity and price data by product during the past 10-15 years. Use of tables and visual charts is a must and should show average quantity/price for each country over the period. (6 pages minimum)
VI. Scenario Evaluation: for each product, discuss the impact of using the lowest, average, and maximum regional prices as unified price on each member country economy. (6 pages minimum)
VII. Optimal Price Strategy: Determine the optimal use of lowest, average, and maximum regional price for the best outcome on the overall economy. In each country, the best outcome on the overall economy should factor in the impact on the consumers, the impact on the national economy, and the national production capacity and/or availability. (6 pages minimum)
- Effect of Significant Regional Economic Changes: Touch on the effect of anticipated significant regional economic changes on the optimal price strategy. Examples include unified GCCC currency, Saudi Arabia joining of WTO, Saudi Arabia Unconventional Gas potential, etc. (3 pages minimum)
IX. Conclusion: congest the content of sections II through VIII above. (2 pages)
X. Research Limitation and Future (1 page minimum)
- Research Limitation: identify the limitations on the applicability of the above research.
- Future Research: propose areas where future research could focus including virgin and fertile topics.
XI. References (APA Style): Listing of all references used in sections II, III, IV, V and VIII is a must and are considered a minimum. All references must be from academically credible resources. (20 references is an expected minimum)