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APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025

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By Charles Kennedy for Oilprice.com

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1D 1M 3M 1Y All Charts Products Discussion Headlines 1 hour APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025 2 hours Venezuela’s Oil Exports Hover Around 700,000 Bpd 19 hours Iraq May Buy Exxon’s Stake In Major Iraqi Oilfield 21 hours Iran Aims To Raise Oil Exports To 2.5 Million Bpd Once U.S. Sanctions Are Lifted 21 hours India’s COVID Crisis Hits LNG Demand 23 hours Venezuela Releases Citgo Oil Executives From Jail To House Arrest 1 day 18% Of EV Drivers In California Switched Back To Gasoline Cars 1 day China Gas Demand Set To Accelerate 2 days Argentina’s Shale Output Set To Normalize After Roadblocks Are Lifted 2 days EIA: Jet Fuel Demand Is On The Mend 4 days Angola And Zambia Sign $5 Billion Oil Pipelines Deal 4 days Scientists: Bacteria Could Be Used To Source Copper 4 days Oil Trading Giant Looks To Enter The Permian Through Major Asset Sale 4 days Chesapeake Considering Texas Asset Sale 5 days Shell Raises Dividend As Q1 Earnings Jump On Higher Oil Prices 5 days U.S. Oil Imports From OPEC Plunge To Lowest Since 1973 5 days Mexico’s Private Oil Companies Could Add 700,000 Bpd By 2030 5 days Senate Reinstates Methane Emission Rules For Oil, Gas Industry 6 days Major Chinese Investors Could Buy Stake In Aramco 6 days Oman’s National Oil Firm To Sell Off Assets To Fund $8 Billion In Spending 6 days Brent Crude Loadings Could Stop If Workers Go On Strike In Mid-May 6 days Alberta Wins “Turn Off Oil Taps” Court Battle 6 days Uganda Set To Launch Tenders On Massive Oil Project In December 6 days BP Resumes Buybacks After Q1 Profit Triples 6 days Canada’s Oil Sands In Trouble As COVID Cases Soar 6 days Biden Administration To Provide $8.25 Billion In Grid Improvement Loans 7 days U.S. Oil Inventories Rise Beyond Expectations 7 days Oil Refiners Vs. Biofuels Clash Ends Up In Supreme Court 7 days Pandemic Triggers Worker Shortage At Indian Refiners 7 days Brazil Reports 6% Oil Output Decline In Q1 7 days Tanker Collision Off Major Chinese Hub Causes Million Barrel Oil Spill 8 days OPEC+ Concerned About India’s Oil Demand 8 days Nordic Oil Firm Sells World First Certified Carbon Neutral Oil 8 days Canada Fights To Save Line 5 From Shutdown 8 days Total Forced To Halt $20B Mozambique LNG Project After Militant Attacks 8 days Lawsuit Claims Petrobras Ordered Murder Of Shell Exec And His Wife In 2003 8 days Three Killed In Attack On Oil Tanker Off Syrian Coast 11 days New Court Verdict Imperils Dakota Access Pipeline Again 11 days Houthis Claim Drone Attack On Saudi Aramco Oil Facility 11 days Two-Thirds Of Americans Are Interested In Electric Vehicles 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen. 7 minutes Forecasts for oil stocks. 9 minutes Biden’s $2 trillion Plan for Insfrastructure and Jobs 13 minutes European gas market to 2040 according to Platts Analitics 13 hours GREEN NEW DEAL = BLIZZARD OF LIES 5 hours *****5 STAR Article by Irina Slav – “The Ugly Truth About Renewable Power” 15 mins U.S. Presidential Elections Status – Electoral Votes 2 days America’s pandemic dead deserve accountability after Birx disclosure 4 hours Americans are not agreement capable. 5 mins Joe Biden’s Presidency 12 hours Battery storage 30% cheaper than new gas peaker plants, Australian study finds 5 hours Forecasts for Natural Gas Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Breaking News: APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025

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Share Facebook Twitter Linkedin Reddit Related News China Gas Demand Set To Accelerate Argentina’s Shale Output Set To Normalize After Roadblocks Are Lifted EIA: Jet Fuel Demand Is On The Mend Angola And Zambia Sign $5 Billion Oil Pipelines Deal Scientists: Bacteria Could Be Used To Source Copper APICORP: Energy Investment In MENA Set To Top $800 Billion By 2025 By Charles Kennedy – May 04, 2021, 11:30 AM CDT Energy investments in Europe, the Middle East, and Africa are set to exceed $805 billion over the next five years, according to Saudi Arabia’s Arab Petroleum Investments Corporation.

This is $13 billion more than the energy investments APICORP estimated will flow into MENA between 2021 and 2025 in its previous five-year outlook, published in 2020.

The company based its updated forecast on four things. First, there is renewed optimism about the global economy. Second, APICORP, like most other forecasters, expects a boost in energy demand stemming from the improved global economic outlook.

In addition to these developments, APICORP named Libya as a driver behind higher MENA energy investments, noting some $10 billion of the total investment volume are likely to go into the North African country’s oil and gas industry.

Growth in renewable generation capacity is the third factor that APICORP identified in its report as determining the increase in energy investments across the MENA region. The authors noted they expected some 3GW of new solar power capacity to be added in MENA this year alone, with another 20 GW to be added over the years to 2025.

Investments in power generation and distribution will account for the biggest chunk of the total, at $250 billion over the five-year period, with $93 billion in already committed investments.

Investments in natural gas across the MENA region are seen declining over the five-year period, however, to $75 billion from an earlier estimate of $84.5 billion. This downward adjustment is due to several large-scale projects that were completed last year, causing energy investors in the region to be wary of adding to an already oversupplied market by building more production capacity.

On the other hand, petrochemical investments are seen rising by $14.2 billion from the earlier forecast to a total of $109 billion. Already committed investments for the period, however, were down by $7.7 billion to $12.5 billion after the completion of several projects in 2020.

By Charles Kennedy for Oilprice.com

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