• 5 minutes Oil prices forecast
  • 8 minutes Nuclear Power Can Be Green – But At A Price
  • 11 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 16 minutes Europe Slipping into Recession?
  • 35 mins *Happy Dance* ... U.S. Shale Oil Slowdown
  • 4 hours Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 1 hour Socialists want to exorcise the O&G demon by 2030
  • 6 hours Germany: Russia Can Save INF If It Stops Violating The Treaty
  • 13 hours UK, Stay in EU, Says Tusk
  • 6 hours How Is Greenland Dealing With Climate Change?
  • 3 days Connection Between Climate Rules And German's No-Limit Autobahns? Strange, But It Exists
  • 4 hours Is Natural Gas Renewable? I say yes it is.
  • 3 days Chevron to Boost Spend on Quick-Return Projects
  • 3 days Conspiracy - Theory versus Reality
  • 2 days Maritime Act of 2020 and pending carbon tax effects
  • 13 hours Saudi Private Jet Industry Stalls After Corruption Crackdown
U.S. ‘Tough Line’ On Iran Depends On Crude Prices

U.S. ‘Tough Line’ On Iran Depends On Crude Prices

As the White House compliments…

Oil’s Traffic Light Turns Yellow

Oil’s Traffic Light Turns Yellow

Oil prices started to stabilize…

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