WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

OPEC Head Calls for $65 Oil

OPEC Head Calls for $65 Oil

Qatar’s Energy minister Mohammed bin…

The Future Of LNG Just Got A Bit Brighter

The Future Of LNG Just Got A Bit Brighter

The future of liquefied natural…

Fed Pours Cold Water On Oil Price Rally

Fed Pours Cold Water On Oil Price Rally

Oil prices did not manage…

  1. Home
  2. Latest Energy News

Middle East to Spend $32.7 Billion on New Energy Projects this Year

Ventures Middle East, a strategic business advisory company, has recently performed a study of the Middle East and concluded that in 2012 97 new power and water projects worth $32.7 billion have started construction, or will start construction before the end of the year.

The UAE has 10 energy and water projects worth a total of $1.5 billion set to begin construction this year, headed by the $740 million Noor 1 Solar Power Plant, and Phase 2 of the $580 million Emal Power Plant.

19 power and water projects will be started this year in Kuwait with a combined cost of $4.2 billion,  led by the $2.7 billion Al Zour North Independent Water and Power Plant.

Saudi Arabia has approved 15 new projects for 2012 worth a total of $8.8 billion, including the $2 billion Al Qurayyah Independent Power Plant, and the $1.2 billion Shuaiba 2 Power Plant.

Other Middle Eastern Countries with energy or water projects due to begin construction this year include; Morocco, Egypt, Oman, Qatar, Jordan, Iraq, Yemen, Syria, and Bahrain.

By. Charles Kennedy of Oilprice.com


Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News