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Electric power accounts for most energy investment planned in the Middle East and North Africa (MENA) during the next 5 years as oil and gas spending recovers in the region’s major oil-producing countries.
Arab Petroleum Investments Corp. (Apicorp), Dammam, projects 5-year energy spending of $919 billion in MENA countries. Of that, $345 billion is for projects under execution, and $574 billion is for planned development.
The oil gas environment in MENA countries is positive over the next few years
| The investment plans/spending plans at a glance |
| Country |
investment plans/spending plans |
Oil Gas Accounts |
| Saudi Arabia |
$149 billion |
much of it in upstream oil and gas |
| United Arab Emirates |
$72 billion |
much of it in upstream oil and gas |
| Egypt |
$72 billion |
much of it for natural gas |
| Kuwait |
$59 billion |
more than half for oil projects. The country wants to raise production capacity to 4 million b/d. |
| Algeria |
$59 billion |
much of the upstream oil and gas portion of spending |
| Iran |
$67 billion |
|
| Iraq |
$47 billion |
oil investment will total $27 billion |
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Don’t miss the chance to attend the Offshore MENA Congress 2019, June 11-12, Cairo, Egypt. Which We will focus: Egypt, Lebanon, Israel, Cyprus, Oman, UAE, Algeria, Bahrain, Libya and more.
You will have the opportunity to gain the first-hand Information onsite. And the congress will equip you with knowledge and commercial insight to drive your business forward in 2019 and beyond.
>> Click here to review the completed agenda
Reply to the email to see what opportunities are available and explore how we can highlight your organization at Offshore MENA Congress 2019on June 11-12, Cairo, Egypt.
>>Last 5 seats with 10% early bird discount.
Past Review
>>Lebanon’s 2nd Offshore License Round is scheduled
>>Eni will start drilling for oil in Bahrain in 2019 Bahrain oil minister
>>BP, Eni join hands to pursue new exploration opportunity in Oman
>>Contractors prepare bids for Aramco’s Marjan offshore packages
Best Regards
Vivien Miao | OceanFuture – Global Deepwater Series Conference | SZ&W Group
Email: vivienm@szwgroup.com
Tel: +86 21 5830 0710 ext 8098 | Mob: +86 185 2140 7816
Offshore MENA Congress 2019
4th East & Southern Africa Deepwater Congress 2019
4th East & Southern Africa Gas & LNG Conference 2019
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