Mideast energy investment put at $532b in thirty years

Arab oil producers are expected to pump nearly $84 billion in investment in five years to develop their oil and gas sector and more than $500 billion over the next three decades, according to a senior Arab energy official.

Abdul Aziz Al Turki, Secretary General of the Organization of Arab Petroleum Exporting Countries (OAPEC), said gas projects alone are forecast to attract in excess of $230 billion as Qatar and other key Persian Gulf oil producers are push ahead with mega LNG ventures.

http://www.tehrantimes.com/Description.asp?Da=5/25/2005&Cat=9&Num=14