Is Saudi Arabia’s Growth Jobless?

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It will be no mean feat to outpace Qatar’s amazing GDP growth, but that’s exactly what Saudi Arabia is estimated to accomplish in 2012.
The tiny gas giant has been posting double-digit growths for the past six years, but Saudi Arabia, the region’s largest economy may eclipse the country this year, if current trends continue. READ MORE HERE

Oil Will Remain Dominant Till 2040: ExxonMobil 2040 Outlook(0)

Mideast oil and gas developers can rest easy. ExxonMobil’s energy outlook through to 2040, predicts there is a huge role for oil and gas energy sources in the future, with alternative energies remaining on sidelines. READ MORE HERE

Iran’s Oil Exports Set To Hit $100Bn in 2011, Despite Crippling Sanctions(0)

With a string of impressive economic policies, Iran has ensured that it remains a major energy supplier, despite various restrictions imposed by the western international community.

But while Iran has benefited from high oil prices, lack of major investments in the country’s energy sector could hamper growth and continue to handicap the country’s economic prosperity. Add to this dynamic, is Tehran’s controversial nuclear programme and its divisive role in regional politics, which makes it a target for many countries around the region that are eager to hurt Iran’s economy. READ MORE HERE
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The world may have 49 years of oil left: HSBC(1)

HSBC’s energy outlook for 2050 forecasts that we may have as little as 49 years of oil left and we will have to radically alter our energy consuming ways to avoid a massive energy crunch. Read More

Qatar’s $225 Billion Bonanza Over Next Five Years(2)

Qatar’s investment over the next five years will be a staggering $225 billion, but the country is still worried about low energy prices during the period.

As a roadmap for its social and economic aspirations, you can’t really fault Qatar’s National Development Strategy 2011-2016 report. It is inspirational, comprehensive and packed with good intentions, as all such reports should.

For an economy that is growing at a rate that would put China to shame, it’s national development strategy (NDS) is also lacking in a fair bit of pride and glory - if anything, there are parts of the report that are a bit hesitant and self-doubting. The missing vainglory is a contrast from some of the other national development strategies that one has seen over the years - and that is not a bad thing. It’s almost endearing. Read More

Japan’s Nuclear Crisis Is Boon For Middle East Energy(1)

As Japan’s nuclear meltdown puts the brakes on yet another power source, the world is looking at ME energy to fill the gap. Luckily, there is plenty coming on line, despite the region’s shot-term problems. Read More