Energy

Local energy firm RAK Petroleum Public Company has put the final touches to a merger deal that gives its shareholders a stake in lucrative operations across the Gulf region and beyond. Last month, RAK Petroleum announced that it had finalised the merger of its Middle East and North Africa (MENA) operating subsidiaries with Norwegian firm DNO International.

Avec une stratégie de développement économique qui repose essentiellement sur une diversification industrielle grande consommatrice d’électricité, le secteur de l’électricité gabonais, qui connaît déjà des difficultés avec la charge existante, devra accroître grandement sa production (qui selon les estimations, s’établit entre 374 MW et 414 MW) s’il veut soutenir cette croissance.

With its large and growing population, expanding economy and sizeable industrial sector, Egypt is an energy-hungry country, and demand for electricity is forecast to double within the next decade and a half. To meet soaring consumption, the country has long been preparing to increase capacity through the construction of several power plants.

Expectations that Papua New Guinea (PNG) will emerge as a major energy supplier for Asia’s growth leaders in the next decade have been heightened by reports of progress on two major liquefied natural gas (LNG) plants currently under development.

In mid-January 2012, Dubai unveiled the details of a massive solar energy facility it plans to build in the desert, part of a larger scheme to meet the energy needs of the emirate and reduce its reliance on imported natural gas to fire its power stations.

Demand for energy is growing, suggesting the economy is gaining momentum and prompting the Kingdom to boost local production while putting in place plans to secure imported supplies to meet any shortfall. Analysts forecast the Bahraini economy will pick up in 2012 and beyond, with ratings agency Standard & Poor’s predicting in January that GDP will expand by 3.5% this year.