Energy diplomacy & Economics of Energy

We live in a World, that the cornerstone of it, is the economy! Although the sustainable and effective development of energy diplomacy will be possible after understanding global trends, economic fundamentals, analysis and mastery of business strategies, in the current situation, specific frameworks and strategies can be envisaged to be implemented at specific levels and designed at larger levels to Be on the agenda.The envisaged framework for the development of cooperation includes three sections: upstream (exploration and development), intermediate (trade, transmission and storage) and downstream (refining and chemical industries, from production to retail). Each section requires a business analysis tailored to its requirements, some of which are outlined below:Energy diplomacy is a form of diplomacy, and a subfield of international relations. It is closely related to its principal, foreign policy, and to overall national security, specifically energy security. Energy diplomacy began in the first half of the twentieth century and emerged as a term during the second oil crisis as a means of describing OPEC's actions.