Saudi Arabia to invest US$119 billion in energy infrastructure projects

Via
Al Bawaba

Saudi Arabia is expected to invest USD 119 billion in energy infrastructure projects from 2007 to 2009, according to latest studies, with investments in the refining sector being expected to grow by a staggering 2189 per cent within the same period compared to figures from 2004 to 2006. The sizeable opportunities within the oil and gas sector have been identified by SAS, the leader in business intelligence and analytical software and services, which aims to deliver business-critical solutions to aid decision making within the oil and gas sector.

As burgeoning energy requirements continue to mirror the current pace of economic development across the region, National Oil Companies (NOCs) including upstream, midstream and downstream operations in the Middle East are facing challenges such as ageing infrastructure and equipment, lack of efficiency in refinery processes and shortage in skilled manpower. By utilising SAS solutions, proven on the Norwegian Continental Shelf, companies can reduce the decision making cycle significantly, thereby lessening risk, increasing efficiency and enabling better use of investment funds.

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