how-to-attract-the-petrodollar-investor

How to attract the petro-dollar investor

We ask Clifford Chance lawyers working in Dubai about how to attract petro-dollar investments. One suggestion: You don't necessarily have to worry about Sharia-compliant, just make sure the investment opportunity is sound.
February 22, 2007
Say the expresion petro-dollar and immediately folks think big bucks. We talk to Clifford Chance's partner Robin Abraham and lawyer Qudeer Latif, both based in the firm's Dubai office, about how much money is floating around out there.


FinanceAsia In general, there's a notion that there is a lot of petro-dollar money available on the market - roughly how much is out there

Robin Abraham In short - a lot Forbes estimated in 2005 that the current-account surpluses of the 22 biggest oil-producing nations both the Organization of Petroleum Exporting Countries and non-OPEC countries exceeded the accumulated surpluses of all the economies of Asia, excluding Japan.

Based on International Monetary Fund...
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