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Mid-East and North African energy producers intend to invest $740B on projects over the next...

  • Sunday, October 7, 2012, 5:16 AM ET
    Mid-East and North African energy producers intend to invest $740B on projects over the next five years, led by Saudi Arabia with $165B and UAE with $107B. High crude prices are allowing the countries to restart schemes that they delayed because of the financial crisis.
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    Everyone interested in this sector needs to keep an eye on the selection of a new OPEC Secretary General to replace Al-Badri. It is slated to happen within the next few trading days. And Senor Chavez's win may embolden the Hawks to push even harder for a candidate from Latin America or Africa.

    This is a potential game changer which nobody much is talking about yet.
    7 Oct 2012, 11:45 PM Reply Like
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