Oil & gas will continue to play an important part of the ‘energy mix’ for the Middle East and Africa over the next 50 years and beyond.

Net zero carbon emissions does not mean that industrialised nations will cease their heavy reliance upon fossil fuels. As a critical component to the petrochemical and agriculture sectors across the MENA region the demand for hydrocarbons is set to continue and remain important throughout the Energy Transition phase as governments meet the challenges the 21st century has on offer. The reality is the internal combustion engine will remain essential to power road, sea and air transportation for many decades to come, as will natural gas to generate power. Recognition of the continuing importance that oil and gas will have to developed economies across the MENA region is the key driver for why our Energy and Natural Resources sector continues to be an area in which we invest and expand our expertise.