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MENA oil producers to invest US$740 bln into energy projects over next five years

Posted on 09 October 2012

Oil producers from across the MENA region will contribute US$740bn towards energy projects over the next five years, according to a report from Arab Petroleum Investments Corporation (Apicorp).
Saudi Arabian producers have been slated to lead the way, with the report stating that companies from within the kingdom - primarily Saudi Aramco and Saudi Basic Industries Corporation (SABIC) - committing investments totalling US$165 billion for the five-year period from 2013 to 2017………………………………………..Full Article: Source


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