Arab Gulf Countries Announced $10 Billion In New Oil And Gas Projects In Q1

The Arab Gulf countries announced as much as US$10 billion worth of new projects in the oil and gas sector during the first quarter of 2021, out of the total US$32.3 billion projects in all sectors, a new report showed this week. The oil and gas industry in the Gulf Cooperation Council (GCC)—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)—added the second-largest value of projects in Q1 after the utility sector, according to the Projects Journal of construction intelligence provider BNC Network, cited…