• 5 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 4 hours Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 1 day Something wicked this way comes
  • 12 hours America's Frontline Doctors - Safely Start Living Again!
  • 1 min France Sees 10.6% EV Market Share In September — 4× Growth Year On Year
  • 14 hours Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
  • 1 day A sneak peak into the US election
  • 21 hours Permian in for Prosperous and Bright Future
  • 3 hours covid. stop the carriers and thus stop the virus.
  • 1 day Tesla Model 3 Is September's Top Selling Car of All Vehicles in Switzerland
  • 2 days California’s Electric Vehicle Dream Has A Major Problem: No
  • 2 days "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 7 mins GPOR - Gulfport Oil - Why?
  • 2 days Vote Biden for Higher Oil Prices
  • 2 days Ethanol present in gasoline
  • 3 days Is the coal industry on the way out?
OPEC+ Is On The Brink Of A Crisis

OPEC+ Is On The Brink Of A Crisis

OPEC+ members are on the…

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