The United Arab Emirates is planning to pump a whopping $76 billion into projects to develop its hydrocarbon sector over the next five years, to become the second largest Arab energy investor after Saudi Arabia. According to the Dammam-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organisation of Arab Petroleum Exporting Countries (Oapec), estimates showed energy capital investments in the Middle East and North Africa (Mena) could total around $525 billion during 2012-2016.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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