It is estimated that as much as $200 Billion will be invested by the Gulf Cooperation Council (GCC) nations are via 14 to 20 energy projects as the energy demand is increasing. This is much helped by the rising surge in the crude oil price.
Previous analysts estimate that fear due to possible US economic recession or the mortgage market have yet to see any decline of energy funds and a negative impact on GCC countries if not helping to fuel the investment demand.
As much as 20% of the $200 Billion will be invested in downstream petrochemical plants and complex in the Gulf Nation such as Saudi Arabia, Qatar and other booming Middle Eastern countries. New petrochemical capacities in the Middle East are growing at an exponential rate and is expected to continue at least until 2012.
Previous analysts estimate that fear due to possible US economic recession or the mortgage market have yet to see any decline of energy funds and a negative impact on GCC countries if not helping to fuel the investment demand.
As much as 20% of the $200 Billion will be invested in downstream petrochemical plants and complex in the Gulf Nation such as Saudi Arabia, Qatar and other booming Middle Eastern countries. New petrochemical capacities in the Middle East are growing at an exponential rate and is expected to continue at least until 2012.
No comments:
Post a Comment