The Middle East energy sector has played and will continue to play an important role in the regional as well as global economy. The oil and gas sector is the largest economic sector in the region. In addition to satisfying energy needs for economic and social development, it is the source of oil and gas export revenues contributing to economic development. Regional countries are heavily dependent on oil and gas to meet their domestic energy demand. Oil contributes more than half of the total energy demand in the Middle East while the rest is contributed by natural gas. Widespread use … Continue reading →
The importance of renewable energy sources in the energy portfolio of any country is well known, especially in the context of energy security and impacts on climate change. The growing quest for renewable energy and energy efficiency in the Gulf Cooperation Council (GCC) countries has been seen by many as both – a compulsion to complement the rising energy demand, and as an economic strength that helps them in carrying forward the clean energy initiatives from technology development to large scale deployment of projects from Abu Dhabi to Riyadh. Current Scenario The promotion of renewable energy (RE) is becoming an … Continue reading →
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