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Recently, the Arab Petroleum Investment Company, a joint venture established by 11 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), released the report "Energy Investment Outlook in the Middle East and North Africa from 2022 to 2026"
or become a beneficiary of geopolitical risks
Either be the beneficiary of geopolitical risk or be the beneficiary of geopolitical riskRamy Al-Ashmawy, Senior Energy Specialist, Arab Petroleum Investments said: “Our latest MENA Regional Energy Investment Outlook shows that the region continues to make progress on its unique energy transition path
Saudi Arabia will invest the most in energy in the region over the next five years, followed by Iraq, Egypt and the United Arab Emirates, according to a report by the Arab Petroleum Investment Corporation
In the Gulf Cooperation Council (GCC) countries, committed projects account for around 45% of total energy investment, 50% higher than the MENA region average of 30%
Continue to expand renewable energy investment
Continue to expand renewable energy investment Continue to expand renewable energy investmentThe analysis by Arab Oil Investments shows that the entire MENA region will continue to expand renewable energy investment and promote the development of energy diversification in various countries
Energy diversification is a top priority for the MENA region, Arab Oil Investments said
The report notes that few MENA countries are currently committed to net-zero emissions targets, but the region remains active in curbing carbon emissions through electrification through renewable energy
Among the energy carriers that make up the MENA region's electricity mix, natural gas is expected to have a 70% to 75% share of electricity generation by 2024, Arab Oil Investments forecasts
Carbon trading is increasingly important for financing
Carbon trading is increasingly important for financing Carbon trading is increasingly important for financingState-owned oil and gas companies that are critically important in the MENA region are facing tougher financing conditions and a changing regulatory framework while providing cheap energy, Arab Oil Investments said
In 2021, carbon trading in the MENA region will continue to develop
