REGIONAL

APICORP Puts 2012-16 MENA Energy Sector Investment Needs At $525Bn

The MENA energy sector will require capital investment of $525bn in 2012-16 (Figure 1), which is the highest since the downturn triggered by the global financial crisis, said APICORP in its JanuaryEconomic Commentary. Despite far-reaching implications of the ongoing upheaval stemming from the Arab Spring, the sovereign debt crisis, and imposition of sanctions by Europe on Iranian crude imports, APICORP said that...