Middle East Economic Survey


No 23


IEA Sees 2010 Energy Investment Still Down 10% On 2008

The global economic crisis has badly hit energy investment warns Trevor Morgan, Senior Energy Economist at the International Energy Agency (IEA). We have concerns, Mr Morgan told a conference in Bahrain on 31 May. We have seen a slump in investment along the whole energy supply chain. In nominal terms, 2009 global energy investment fell 19% from the previous year, and while investment...