Downstream growth in the Middle East
Global energy demand in 2050 will be around 8% lower than today, but it will be expected to service an economy twice as large, with a staggering 2bn more people (totalling 9.8bn by mid-century). The urgency of meeting this challenge has been magnified by the severe warnings from COP26 – the world’s biggest climate gathering.
This White Paper, jointly created with Gulf Intelligence, highlights and explores the key takeaways made by high-level energy executives at a roundtable hosted by Wood in Abu Dhabi. Leaders across national oil companies (NOCs), international energy companies and their partners openly discussed the critical question: How can the Middle East leverage its natural resources to spur global decarbonisation?