Mideast Drilling At 10-Year Low Despite End-Year Uptick

...nce 2011. Saudi Arabia’s 62 was the lowest since 2005, Kuwait’s 25 the lowest since 2010, Iraq’s 39 the lowest since 2011, and the UAE’s 42 a six-year low (see chart 1).   *With regional heavyweights bemoaning the risk of low industry investment, there are signs that they are now backing up ta...