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UAE, Kuwait target $220bn energy spend by 2022The UAE and Kuwait have announced ambitious power capacity targets for 2022, that could see them invest over $220 billion each in the energy sector, said the Arab Petroleum Investments Corporation (Apicorp) in a new report. The mu More… |
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Mena ‘needs $180bn to add required power capacity’The Mena region will need investments of approximately $180 billion to add a capacity at 7.4 per cent annually until 2021, which corresponds to additions of more than 130GW, according to estimates by Arab Petroleum Investments Corporation (Apico More… |
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Iran ‘needs $150bn of energy investment’Iran's emergence from economic sanctions will help Europe to diversify its energy supplies, but the Islamic Republic will need to invest at least $150 billion in infrastructure to become a major producer, the head of Italy's Eni SpA said More… |
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Iran plans $25bn energy spendIran, which expects a 7 percent growth in energy consumption annually, has drawn up a package for an investment of $25 billion in the power sector, a report said. "Iran's power industry is confronted with an average growth of 5 More… |
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Oil slump 'to hit $1 trillion energy projects'The steep fall in energy prices will hit investment in oil and gas projects worldwide and the industry may cancel about $1 trillion of planned projects globally in the next couple of years, a senior Saudi Aramco executive said on Monday. More… |
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Mena energy spend to hit $1 trillionMore 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 More… |
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Mena energy spend to hit $1.1 trillion by 2020The 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 More… |
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IPIC H1 profit surges on investment gainsAbu 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 More… |
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GCC energy investment to hit $272bn by 2015Planned 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 More… |
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IEA sees energy investment down 21pcInvestment 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 More… |
