The total amount of petrochemical projects in MENA area is about $859 bn
According to the report of Albayan on August 9, it is estimated that the total value of oil, gas and petrochemical projects planned and implemented in the Middle East and North Africa (MENA) region is more than 859 billion US dollars, of which the development projects are worth 283 billion US dollars, in order to meet the expected growth of energy demand in the next 20 years. Get ready. Among them, the United Arab Emirates, Saudi Arabia and Kuwait are the three leading countries in strategic investment in this field. By 2040, global oil demand is expected to increase by at least 10 million barrels a day, natural gas demand will increase by 40%, and petrochemical product demand will increase by 60%.
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