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Last Updated: February 12, 2018
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Expenditure and R&D investment in the MENA’s region’s oil and gas sector are set to rise, according to a new survey from DNV GL, the technical adviser to the oil and gas industry


Confidence in the outlook for Middle East and North Africa’s (MENA) oil and gas industry has recovered to levels above global expectations, according to ‘Confidence and Control: The outlook for the oil and gas industry in 2018’ , DNV GL’s annual survey of attitudes in the industry. It finds that 80 per cent of senior oil and gas professionals surveyed in MENA are optimistic about the prospects for their organisation in the year ahead, compared to 66 per cent globally. Last year’s figures were 49 per cent and 44 per cent respectively. However more than half (51 per cent) expect cost control to increase - a rise from 43 per cent last year, amidst concerns of uneconomic oil and gas prices.

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