Middle East Economic Survey


No 39



APICORP To Reinvest Divestment Revenues In New Oil And Gas Projects

The Arab Petroleum Investments Corporation (APICORP) announced on 19 September that it is in advanced discussions to exit a number of key investments in order to reinvest the proceeds in new upstream and midstream oil and gas projects in the region. The development bank, which is owned by the 10 member states of the Organization of Arab Petroleum Exporting Countries...