Upstream spending in Mena region to rise in 2017

Upstream spending in the Mena region is forecast to rise by 9 per cent this year and the number of new projects to more than double thanks to lower costs, according to consultancy Wood Mackenzie.Globally, the oil and gas industry's spending on exploration and production will rise by 3 per cent to US$450 billion, after falling for the past two years on the back of the oil price rout, the Edinburgh-based consultancy said in a report....
18 Published By - thenational.business - 2017.01.12. 07:48
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