Energy investment in the Middle East and North Africa will reach US $1 trillion

In spite of a series of regional geopolitical events, the Arab oil investment company (apicorp) is confident that the promised and planned energy investment in the Middle East and North Africa region will reach US $1 trillion, as described in the Middle East and North Africa region's 2019 annual energy investment outlook. Dr. Leila R benali, chief economist of apicorp, pointed out in the annual best choice report of apicorp chief economist in 2020: "this time, unless there are other unimaginable developments, oil price may be the market signal with the least fluctuation. Early estimates suggest that global liquid demand will fall by 300000 barrels per day by 2020. Assuming that some other factors continue to balance, especially after the second quarter of 2020, we expect Brent crude to trade in the range of $55-65. " What's really worrying is the prevailing wait-and-see attitude in various key geopolitical and monetary policies, which in turn affects the market and investors' mentality. "With regard to carbon pricing, the recent focus has shifted to calling for divestiture from hydrocarbons, but according to our gas investment outlook 2019-2023, we have to highlight a $70 billion investment decline compared to the previous 2018 report." In addition, carbon pricing helps provide a level playing field for energy technologies and a greater visibility for financial stakeholders, especially those from the private sector, as apicorp highlighted in its November 2019 white paper, "energy transformation: Reinventing investment and strategy."