Energy security is, without doubt, one of the most critical topics policymakers and professionals are concerned with. However, producers and consumers add a different meaning to these two words: the latter interprets ‘energy security’ as the stable supply of sufficient energy, the former view it as the maximization of profit. The relative concentration of the world’s oil reserves in several regions has created a dependency on oil revenue which has been dubbed ‘the resource curse’: the paradox of plenty where an abundance of resources leads to inefficiency and slow economic growth.

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