CNN Market Place Middle East

SHOW #34

IN FOCUS – Oil Capacity

With oil hovering at record prices and U.S. President George W. Bush heading back to the Middle East this week, the subject of oil production is likely to come to the forefront. The U.S. President has already asked OPEC for an increase in the global oil supply. But Middle Eastern oil producing countries say they are already doing all they can. MME takes a look at global oil capacity – and whether they can bring more oil to market.

FACETIME - Ahmed Ali Al Sayegh

With record oil prices dominating the headlines, MME sits down with a key player from an energy sector that is gaining more recognition; natural gas. This week, we talk to the CEO of Dolphin Energy, Ahmed Ali Al Sayegh. Al Sayegh is head of the largest single energy initiative in the Middle East, linking the three Gulf states of Qatar, UAE and Oman, and producing 2 billion cubic feet of gas a day, equivalent to 350,000 barrels of oil. He talks to us about the importance of the natural gas sector, the impact of high oil prices, and increasing global energy demand.