Middle East Oil & Gas Projects in 2009 and beyond
Cover Story
Sustaining growth: Middle East oil and gas projects in 2009 and beyond
It has been a tough year for the region’s oil and gas projects sector. Just 12 months ago, oil prices were rising exponentially and the region’s producers were being pushed to boost output to ease energy supply fears and bring down fuel costs.
Rest of Supplement
Oil output falls begin to take effect
Despite declining global demand and difficulties in getting member states to comply, oil prices are starting to rise following a series of production cuts introduced by Opec since September 2008.
Regional refinery projects put on hold
Governments across the region are delaying plans to build additional refining capacity.
Emirates press ahead with energy sector expansion
The Petroleum & Mineral Resources Ministry has signalled its determination to continue investing in energy sector infrastructure despite the global downturn, with $28bn worth of projects planned.
Region fails to reach gas potential
Gas-rich states are struggling to raise production to meet domestic demand and supply export markets.
Majors lose appetite for Gulf energy deals
New exploration projects are being put on hold as the tough terms on offer deter foreign energy majors.
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