Arab countries are investing $ 755 billion in energy
Dubai - AFP:
An economic study reported that the Middle East and North African countries will invest $ 755 billion in energy projects over the next five years, despite the decline in oil prices. And will spend 42% of these investments any $ 316 billion for the production of electrical energy 0.31% in the oil sector and 27% in the gas, according to a study prepared by the company, "Arap Petrolom Corporation", which are headquartered in Saudi Arabia. The investments planned for the period between 2015-2019 slightly less than those established for the previous period any 2014-1018 ($ 760 billion), according to the same study.
Include the Middle East and North Africa region all Arab countries in addition to Iran and most of them are rich in energy resources. Will be eight of these countries to spend three-quarters of these investments namely Saudi Arabia, the UAE, Algeria, Iraq, Iran, Kuwait, Qatar and Libya. They have the largest reserves of oil and gas, according to the study.
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Dubai - AFP:
An economic study reported that the Middle East and North African countries will invest $ 755 billion in energy projects over the next five years, despite the decline in oil prices. And will spend 42% of these investments any $ 316 billion for the production of electrical energy 0.31% in the oil sector and 27% in the gas, according to a study prepared by the company, "Arap Petrolom Corporation", which are headquartered in Saudi Arabia. The investments planned for the period between 2015-2019 slightly less than those established for the previous period any 2014-1018 ($ 760 billion), according to the same study.
Include the Middle East and North Africa region all Arab countries in addition to Iran and most of them are rich in energy resources. Will be eight of these countries to spend three-quarters of these investments namely Saudi Arabia, the UAE, Algeria, Iraq, Iran, Kuwait, Qatar and Libya. They have the largest reserves of oil and gas, according to the study.
[You must be registered and logged in to see this link.]