Kuwait is constructing the world’s tallest tower ‘Burj Mubarak’ which is almost one km tall and an integral component of its oil diversification push as well as reducing reliance on oil and expanding its private sector through significant investments in various sectors. Abu Dhabi an Emirate of the UAE has embarked upon ‘The Abu Dhabi Economic Vision 2030’ focusing on investing in fintech to have smart or digitally supported cities. On the other hand Oman’s massive Duqm refinery, being the most significant project in the refining and petrochemical industries sector, has started operations of its crude oil distillation unit with a capacity of 230,000 barrels per day. Liquefied petroleum gas, naphtha, jet fuel, diesel, sulphur, and petroleum coke will be produced in its hydrocracking unit.
Is the appetite for the Arab oil and gas industry to invest outside over ? Seems so and what does it augur for India and Pakistan.
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