APICORP will invest more than US$805 billion in energy in the MENA region in the future

China Petroleum & Chemical News Network reported on May 5, according to Hydrocarbon Processing News, the Arab Petroleum Investment Corporation (APICORP), a multilateral development financial institution, estimated in its "Middle East and North Africa Energy Investment Outlook 2021-2025" that the next five years (2021 From 2010 to 2025), the overall planning and committed investment in the Middle East and North Africa will exceed US$805 billion, an increase of US$13 billion from the US$792 billion predicted last year.

The report attributed this modest growth to several factors: strong confidence in a rebound in global GDP, growing energy demand, and the accelerated development of renewable energy in the region.

Economic forecasts in the region indicate that commodity prices and exports will drive the rebound expected in 2021 for most countries in the Middle East and North Africa.

APICORP CEO Dr.

It is estimated that the total committed natural gas investment in the Middle East and North Africa region from 2021 to 2025 will reach 75 billion US dollars, a decrease of 9.

Qatar, Saudi Arabia and Iraq are the three countries with the most natural gas investment in the Middle East and North Africa.

At the same time, the planned investment for 2021-2025 remains relatively stable, at US$133 billion, indicating that once the macro environment improves, the region intends to resume its natural gas production capacity, especially in Saudi Arabia, the UAE, Oman and Algeria.

Zhu Jiani excerpted from Hydrocarbon Processing News

The original text is as follows:

　　APICORP: MENA energy investments to exceed US$805 billion over next five years

　　The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, estimates in its MENA Energy Investment Outlook 2021-2025, that overall planned and committed investments in the MENA region will exceed US$805 billion over the next five years (2021–2025 ) – A US$13 billion increase from the US$792 billion estimate in last year's five-year outlook.

　　The report attributes this modest rise to several factors: A strong confidence in the rebound of global GDP, rising energy demand, and the accelerated pace of renewables in the region.

　　The region's economic forecasts suggest that commodity prices and exports will drive the rebound expected for most MENA countries in 2021.

　　Dr.

　　Committed gas investments in MENA for the period 2021-2025 are expected to total US$75 billion – US$9.

　　Qatar, Saudi Arabia, and Iraq are the top three MENA countries in terms of committed gas investments.

　　Planned investments meanwhile held relatively steady at US$133 billion for 2021-2025, signalling the region's appetite for resuming its natural gas capacity build-up – particularly the ambitious unconventional gas developments in Saudi Arabia, UAE, Oman, and Algeria – once macro conditions improve .