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Africa may not be as rich in hydrocarbons as Saudi Arabia or Russia and the Caspian but, with its ample supplies and willingness to engage foreign groups, it has become the subject of fierce competition between energy companies and is currently the most open and exciting Oil and Gas market out there.
MENA accounts for two thirds of proven global oil reserves and is regarded as the world’s most influential oil province, eclipsing all other regions by some margin. Over the next five years, the region will see strong growth in hydrocarbon production as the world becomes increasingly reliant on oil supplies within the region.