GCC Oil & Gas Sector Reviewed in New In-demand Report Now Available at MarketPublishers.com28 Feb 2012 • by Natalie Aster
LONDON – In recent years, to meet the needs of their growing and diversifying economies, the GCC countries have considerably increased their domestic consumption of hydrocarbons as feedstock, which has necessitated a relook at the energy mix for all these countries. To maintain the balance between meeting domestic demand and feeding the growing export markets, the large producers and consumers like Saudi Arabia, UAE and Qatar have been forced to increase investments in the energy sector. While investments in the energy sector across the GCC total USD 470 billion between 2010 and 2015, oil and gas accounted for 47% and 36%, respectively of the total. The struggle to meet and feed the energy needs of the GCC economies has spawned the growth of projects in the field of renewables, though oil and gas continue to dominate the investment portfolio of the GCC countries.
New research report “GCC Oil and Gas Industry Overview 2012” prepared by Ventures Middle East examines the current state of the GCC oil and gas industry, its regulatory framework, current and future focus areas. It features the latest statistics on the contracts awarded across the GCC oil and gas industry with forecasts of contractor awards between 2011 and 2013, statistics on the oil and gas production, consumption and reserves along with a comparison of the potential of the individual countries in hydrocarbons and renewables.
Valuable insights into the renewables focus of the GCC countries with an impact assessment of the possible shifts in energy mix of the GCC countries in the future on key macroeconomic indicators are also provided.
GCC Oil and Gas Industry Overview 2012
Published: February, 2012
Price: US$ 1.000,00
More new research reports by the publisher can be found at Ventures Middle East page.