BP to invest heavily in Oman’s gas sector | Oman Observer

UK oil giant BP has lined up a $15 billion investment into of Oman in recognition of the potential of its gas sector and as part of a significant push into gas in the Middle East.

This was disclosed by Dr Jonathan Evans, BP’s General Manager for Oman, in a recent interview with the Energy Exchange in which he discussed BP’s position in the tight gas-rich country.

The Middle East region is in dire need of gas to keep up with its industry needs and rising population. And as the demand for grand air-conditioned homes and sleek glass towers rises, so does the demand for electricity needed to power these projects and more. According to The Oxford Institute for Energy Studies, an estimated gas shortage of 73 billion cubic meters is experienced in the Middle East and North Africa (MENA) region.

* username: rupertbu