The UAE and neighbouring countries may need to invest at least $1 trillion over the next three decades to expand their oil and gas output capacity to meet the world’s demand for another 40 million b/d. According to the Gulf Times, the Gulf states will have to attract around one-sixth of the cumulative foreign direct…
UAE: Gulf countries may need US$1 trillion to expand oil and gas capacity
Posted on May 18, 2004 by EnergyAsia