MENA oil investments to slow in next 5 years as gas ‘seems to be plateauing’: APICORP

S&P Global Platts | May 4, 2021 at 8:00 AM
  • Natural gas and oil will miss out on increased investments set to pour into petrochemicals and power plants in the Middle East and North Africa region over the next five years as decision-makers become “more cautious to new project commitments in an era of gas overcapacity”, Arab Petroleum Investments Corp. said May 4.
  • Qatar, Saudi Arabia, and Iraq are the top three MENA countries in terms of committed gas investments, due to Qatar’s North Field expansion and Saudi Arabia’s gas-to-power drive.
  • “If the technique proves successful, Saudi Arabia will have gifted the world a breakthrough in developing vast quantities of stranded shale deposits.”