Oil is sometimes referred to as ‘black gold’. The discovery and export of fossil fuels have led to tremendous wealth creation for certain countries. In this sense, no region in the world is more blessed than the Middle East. Especially the countries surrounding the Persian Gulf are rich in oil and gas deposits. Unfortunately, political instability is almost a synonym for the Middle East. The risk of supply disruptions is a significant threat for those heavily reliant on fossil fuel sales. Therefore, risk mitigation is an important part…
