In order to meet rising domestic demand and free up oil for export, Kuwait is increasing investment in solar energy, providing opportunities for technology and service providers.
The Middle East Energy
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Oman has moved to diversify its energy mix with the commissioning of new renewables projects, while the partial privatisation of downstream services looks set to generate opportunities for both domestic and international investment.
In late June the Department of Energy (DoE) announced it had shortlisted 25 companies for a tender to develop, finance and operate a new Dh2bn ($544.6m) desalination facility at the Al Taweelah Power Complex, 45 km north of Abu Dhabi City.
The expansion of a major gas project, the announcement of new finds and investment in downstream oil infrastructure are expected to support fresh growth in Oman’s energy sector.
Economic update | Bahrain’s new hydrocarbons find could replenish energy and fiscal reserves
31 May 2018
Newly identified oil and gas deposits are expected to increase momentum in Bahrain’s energy sector and could have a wider economic impact by easing concerns over rising debt levels.
On April 1 Bahraini officials announced initial testing had...
Economic update | Abu Dhabi to begin auctioning oil and gas exploration and production concessions
17 May 2018
Breaking with tradition, Abu Dhabi has announced it will begin holding open bids for new oil and gas concessions as part of its broader strategy to maximise returns and boost the sustainability of its hydrocarbons industry.