Middle East Petroleum Sector Offering More Foreign Investment Opportunities

During the past 20 years, the Middle East has probably received more attention globally for its regional politics and position in world affairs than for its enormous energy wealth. Indications that stability is returning to the region heralds good news at the turn of the century. History indicates that investors seeking opportunities frequently follow periods of turbulence or uncertainty. Could that also be the case across much of the Middle East? Oman's LNG plant near Sur, with a total project cost of about $2.5 billion and now in its final stages of completion, is an example of proliferating energy sector investment opportunities cropping up in the Middle East. The project is backe...

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