Friday 11 July 2014
Energy investment

Mena energy spend to hit $1 trillion

More than $1 trillion of investments are needed by 2030 to meet demand for gas and electricity in the Mena region, according to analysis by IHS. Sharing its perspective during Abu Dhabi International Petroleum Exhibition and Confe


Mena energy spend to hit $1.1 trillion by 2020

The energy industry in Mena will see a wave of capital projects worth more than $1.1 trillion in projected spending in the coming decade, approximately one-fourth of the industry’s total global investment through 2020, said a report. This


IPIC H1 profit surges on investment gains

Abu Dhabi's International Petroleum Investment Co (IPIC) saw its first-half profit nearly triple as the energy-focused investment vehicle posted gains on its financial investments, an updated bond prospectus showed.    &nbs


GCC energy investment to hit $272bn by 2015

Planned energy investments in Gulf Co-operation Council (GCC) countries are set to reach $272 billion by 2015, the chairman of the GCC Energy Working Group told a conference on Monday. Of the total, $111 billion of those investments are pl


IEA sees energy investment down 21pc

Investment in oil and gas exploration and production this year is seen falling 21 per cent, or almost $100 billion, due to the economic crisis, the International Energy Agency (IEA)said. The IEA also said on Sunday it expected global power


IEA warns of falling energy investment

The economic downturn is cutting investment in energy supply, risking higher prices in future that would hamper any recovery, the chief economist of the International Energy Agency (IEA) said on Wednesday. Fatih Birol told Reuters in an in

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