Biography

Dr. Carole Nakhle is an energy economist, based in London, and specialising in international petroleum fiscal regimes, world oil and gas market developments, and energy policy. She is an associate of the Surrey Energy Economics Centre (SEEC) as well as Associate Lecturer in Energy Economics at the University of Surrey and Visiting Research Fellow at the Oxford Institute for Energy Studies.  She also acts as a consultant to major oil companies, and academic consultancies and as External Expert for the Fiscal Affairs Department at the IMF. 

From 2005 to 2008, she served as Senior Research Fellow in Energy at the University of Surrey. Over the same period, she also acted as Special Parliamentary Adviser on Energy Issues and Middle Eastern Affairs in the House of Lords, UK, and was formerly with Statoil.

Dr. Nakhle, who was born in Lebanon, has travelled widely in the major oil and gas producing countries. She has been on energy related exploratory visits to the Arctic and the North Sea.She has discussed energy-related issues with policy-makers and political leaders in major oil and gas producing and consuming countries and has close contacts with personnel at the IMF, the IAEA, the OPEC Secretariat and other international institutions and think tanks. She is a member of the International and British Institute of Energy Economics, the International Institute for Strategic Studies (IISS) and Chatham House and makes regular presentations at international conferences on energy issues. She has appeared on Fox Business News, Al Jazeera and both BBC radio and television. She is the Director of 'Access for Women in Energy', a non for profit organisation that brings together senior women executives, their male counterparts and policy makers to review timely energy matters. 

Dr. Nakhle is trilingual, in spoken and written Arabic, French and English. She has published numerous papers and articles on petroleum fiscal regimes, energy security, the distribution of oil wealth, and the role of women in the oil industry. Her work has appeared in various journals and newspapers including Energy Policy, OPEC Review, Oil, Gas and Energy Law Intelligence, International Energy Law and Taxation Review, the International Herald Tribune and the Financial Times as well as in Arabic newspapers. She is also a regular contributor to the Liechtenstein based Geopolitical Information Service. 

She has published two books. The first, "Out of the Energy Labyrinth", is co-authored with Lord Howell, Minister of State, Foreign and Commonwealth Office, UK. The book shows how the search for safe global energy supplies can work in harness with the struggle to curb greenhouse gases and climate change. The book is available in English, Japanese, Arabic and Turkish. Her second book, entitled "Petroleum Taxation: Sharing the Wealth", takes the reader step-by-step through the entire petroleum taxation story.

Dr. Nakhle has also written a report, in both English and Arabic, on the contractual framework for oil and gas investment in Iraq.  

Research Interests

Petroleum Fiscal Regimes (globally)

Oil and Gas Investment

Energy Policy (energy security, carbon tax...)

Research Collaborations

Comparing contractual frameworks for oil investment in the Middle East and North Africa - collaborative research with Oxford Institute for Energy Studies

Publications

Since 2005

Nakhle, C., Hall, R. (2012) 'The Taxation of Upstream Oil - Principles, Practice and Prospects, Centre for Global Energy Studies, forthcoming.

Nakhle, C., Shamsutdinova, I. (2012) 'Arctic Oil and Gas Resources: Evaluating Investment Opportunities', Oil Gas and Energy Law Intelligence, Special Edition 'Arctic Region: Boundaries, Resources and the Promise of Co-Operation', vol 10, Issue 2.  

Nakhle, C. (2011) 'Coal, Oil and Natural Gas', in Fred Nadis and Jack Waskey (eds) 'World History Encyclopedia, Era 9: Promises and Paradoxes, 1945-Present', ABC-CLIO.

Nakhle, C. (2010) 'Iraq's Oil: Dangers and Rewards', International Energy Law Review, Issue 8, pp. 13-21.

Nakhle, C. (2010) 'North Africa - A Region with a Difference?', WEG Newsletter, Windsor Energy Group, November Issue. 

Nakhle, C. (2010) 'Oil: Tragedy and Transition', Oil, Gas & Energy Law Intelligence (OGEL), vol. 8, Issue 3.  

Nakhle, C. (2010) 'The Arctic The Last Great Oil Frontier or Is It?', International Energy Law Review, Issue 6, pp. 1-5.

Nahkle, C. (2010) 'What Have We Learned from the Australian Resource Taxation Experience?', ITIC Special Edition Bulletin

Nakhle, C. (2010) ‘Petroleum Fiscal Regimes: Evolution and Challenges’, in Philip Daniel, Michael Keen and Charles McPherson (eds)¸ The Taxation of Petroleum and Minerals: Principles, Problems and Practice, IMF, Washington.

Nakhle C. (2009) ‘Iraq First Bidding Round - The Greatest Race on Earth’ or was it?’
- Published in Italian in AGI Energia, July
- Published in English in Global Arab Network, August

Nakhle, C. (2009) ‘Petroleum Taxation’, in Joanne Evans and Lester C Hunt (eds), International Handbook on the Economics of Energy, Edward Elgar, Uk-USA

Nakhle C. (2009) ‘Falling Oil Revenues: Opportunities or Set-back?’ The Review, June-August

Nakhle, C. (2009) ‘The Arctic: the Last Great Oil Frontier?’, The International Herald Tribune, 22 March.

Nakhle, C. (2008) ‘Iraq’s Oil Future: Finding the right framework’, Surrey Energy Economics Centre, University of Surrey, UK (study sponsored by the International Tax and Investment Centre, ITIC, Washington).

Nakhle, C. (2008), ‘Petroleum Taxation: Sharing the Oil Wealth”, Routledge, London

Nakhle, C. (2008) ‘Can the North Sea still Save Europe?’ OPEC Energy Review, June, pp. 123-138

Nakhle, C. (2008) ‘Petroleum Taxation: some Guiding Axioms’, ITIC’s 12th annual Special Report

Nakhle, C. (2007) ‘Do High Oil Prices Justify an Increase in Taxation in a Mature Oil Province? The Case of the UK Continental Shelf’, Energy Policy, vol. 35, pp.4305–4318

Nakhle, C. (2007) ‘Energy and Climate – no Need for Conflict’, IAEE Energy Forum, Third Quarter, International Association for Energy Economists.

Nakhle, C., Howell, D. (2007) ‘Out of the Energy Labyrinth’, I.B.Tauris, London.

Nakhle, C., Howell, D. (2006) ‘Fuelling a Climate Breakthrough’, International Herald Tribune, Nov. 15.

Nakhle, C. (2006) ‘Liberalisation and Energy Security: Competing or Complementary Objectives?’ IBL Focus, July, No.30.

Nakhle, C., Howell, D. (2006) ‘Thanks, Iran, for the Reminder’, International Herald Tribune, Thursday, February 9.

Nakhle, C. (2006) ‘Is the Oil Industry still Attracting the Talent it Needs?’, The Way Ahead, Society of Petroleum Engineer (SPE), February, Vol.2, no. 1.

Nakhle, C. (2005) ‘Look at the North Sea in a New Way’, Financial Times, Monday, November 28.

Nakhle, C. (2005) ‘Taxing a Declining Province’, Petroleum Review, September, Vol.59, n.704.

Nakhle, C. (2005) ‘Black Gold: Still a Man’s World?’ Oil, Gas & Energy Law (OGEL), October, Vol.3, Issue 3.

Nakhle, C., Howell, D. (2005) ‘OPEC & the IEA Have to Get it Right this Time’, International Herald Tribune, Friday, September 30.

Nakhle, C. (2005) ‘Managing Decline: Getting the North Sea Fiscal Regime Right’, Oil, Gas & Energy Law (OGEL), June, Vol.3, Issue 2.

Nakhle, C. (2005) ‘Why Were Arab Women Dismissed from the Oil Industry?’, Published in Arabic in Al-Hayat, Wednesday, June 4.

Nakhle, C. (2005) ‘Opinions on the UK North Sea Petroleum Fiscal Regime: Preferences Revealed’, International Energy Law and Taxation Review, May, Issue 5.

Nakhle, C. (2005) ‘North Sea Taxation: Has the UK Reached the Tipping Point?’ Oil, Gas & Energy Law (OGEL), March, Vol.3, Issue 1.

Nakhle, C. (2005) ‘The Impact of Terrorism on Oil Price’, Published in Arabic in Al-Qabas Newspaper, Kuwait, February, 15.

Teaching

Carole coordinates and teaches on the ECOM032 Economics of International Oil and Gas module. [Click here to access the teaching materials]

Selected Presentations