The petrochemical and chemical industry in the Arabian Gulf region is showing strong growth, creating thousands of jobs and attracting multi-billion dollar investments.
The Middle East is set to outpace Europe and Africa in adding new capacity provided that Iran’s industry is not stifled by international sanctions.
The global oil market is “well-supplied,” despite predictions that the market share of the Organization of Petroleum Exporting Countries (OPEC) is likely to slip in 2014, due to increased production from non-OPEC countries.
Despite the rapid growth in U.S. oil and gas production, the Middle East will remain global leader in energy supply.
Continued uncertainty in the future direction of climate frameworks, political instability of the Middle East and North Africa (MENA) region, energy price volatility and the global economic recession are what energy leaders consider as the top ‘insomnia’ issues.