The energy sector in the Middle East and North Africa looks set for almost $1 trillion in investment over the next five years.
The energy sector in the Middle East and North Africa will amass almost $1 trillion in investment over the next five years, as countries build out energy capabilities and pivot to renewables, according to new research.
The group says planned investments account for the majority of the spending at $613 billion while committed investments cover the remainder.The power sector accounts for the largest share of total investments at $348 billion. Of that, there are $90 billion worth of projects currently under execution.
The report said the case for switching from oil to gas and renewables remains strong in countries with sizeable gas reserves, such as Saudi Arabia and Iraq, or where the share of liquids in power generation remains significant.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Uber launches feature that lets female drivers in Saudi Arabia avoid taking male passengersThe 'Women Preferred View' feature was created after research found that 74 percent of prospective female drivers only wanted to pick up women riders, according to Uber.
और पढो »
Iraqi Premier’s Visit to Saudi Arabia Reflects Deeper Ties to KingdomIraq and the Saudis signed agreements on energy, power and education. But politicians said the greater value of the Iraqi leader's trip to Saudi Arabia was symbolic.
और पढो »
'Reforms' in Saudi Arabia exist only as a tool to appease Western allies'The real crime of the women who campaigned to lift the driving ban was to attack the system as a whole - the very system from which MBS gets his power and his wealth.' Opinion | Sam Hamad
और पढो »
Iraq to host regional rivals Iran and Saudi Arabia at conferenceIraq will host senior parliamentary officials from arch-rivals Saudi Arabia and ...
और पढो »
Iraq hosts regional rivals Iran and Saudi Arabia at conferenceIraq hosted senior parliamentary officials from arch-rivals Saudi Arabia and Ira...
और पढो »
Saudi Arabia says to coordinate with other producers to ensure adequate oil supplySaudi Arabia said on Monday it would coordinate with other oil producers to ensu...
और पढो »
If Sanctions Cut Iran's Oil Exports To Zero, Would Saudi Arabia Really Fill The Void?If Saudi Arabia commits to increase oil production for Trump's Iran sanctions policy, it could destroy the kingdom's leverage in OPEC.
और पढो »
Saudi Arabia will feel Trump’s Iran slap tooThe U.S. president will fully enforce sanctions on Tehran’s oil exports. Riyadh must pump more to prevent crude prices spiking further, which it has the scope to do. But doing Trump’s bidding will rankle OPEC peers. And the administration has a track record of changing its mind.
और पढो »
If Sanctions Cut Iran's Oil Exports To Zero, Would Saudi Arabia Really Fill The Void?If Saudi Arabia commits to increase oil production for Trump's Iran sanctions policy, it could destroy the kingdom's leverage in OPEC.
और पढो »