U.S. To Overtake Saudi Arabia & Russia In Oil Production By 2020: Citigroup

The United States’ hydrocarbon’s production will eclipse Saudi Arabia and Russia as early as 2017, says Citibank. In fact the energy surplus points to North America effectively becoming the new Middle East by the next decade. READ MORE HERE

0 comments

Add your comment

Nickname:

E-mail:

Website:

Comment:

Yes, add me to your mailing list.

Other articlesgo to homepage

	Namibian port poised to be logistics hub(0) Namibia’s Walvis Bay could emerge as southern African states’ gateway to Europe.

	Ukraine crisis lifts Azerbaijan’s oil and gas profile(0) Azerbaijan would likely emerge as a winner in the Ukraine-Russia crisis, which has left Europeans fearing for the security of their natural gas supplies.

	Merger to breathe life into Egypt’s oil sector(0) Two North American oil and gas players have merged their operations in a bid to invest heavily in Egypt and other African states.

	Gulf’s dominance in petrochemicals under threat(0) The Gulf’s petrochemicals sector’s revenues came tantalizing close to USD 100 billion, reaching USD 97.3 billion last year, despite strong headwinds, according to IHS CERA, an energy consultancy. The region earned USD 52.7 billion in export revenues last year.

	Concerns grow over Nigeria’s ‘lost billions’(0) The suspension of Nigeria’s central bank chief has raised uncertainty for the economy as investors worry about its long-term impact.

Contacts and information

AlifArabia’s aim is to offer a brutally frank but sincere analysis on the Middle East region’s business and political issues. It wants to see a thriving and dynamic Middle East that encourages corporate and government transparency, investments and policies that allow the economies to grow.