Market 2018 MEED: Middle East & North Africa (MENA) Oil and Gas Market 2018
Press Release - 22
May2018
Global
Research and Development News
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"MEED:
Middle East & North Africa (MENA) Oil and Gas Market 2018"
with coming years Industries Trends, projections of Global Growth,
Major key player and Case study, Review, Share, Size, Effect.
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Summary
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While projects worth more than $250bn are already under execution as of November 2017, the MENA region is expected to witness investment of an additional $399bn in new projects in the oil and gas sector by 2025.
Middle East producers continue to explore and develop their fields, boost production capacities and focus on expanding the downstream sector as the countries witness sustained growth in demand for petroleum products. Planned investments in the upstream sector are expected to reach over $115bn, while that in the downstream are expected to be close to $110bn.
While projects worth more than $250bn are already under execution as of November 2017, the MENA region is expected to witness investment of an additional $399bn in new projects in the oil and gas sector by 2025.
Middle East producers continue to explore and develop their fields, boost production capacities and focus on expanding the downstream sector as the countries witness sustained growth in demand for petroleum products. Planned investments in the upstream sector are expected to reach over $115bn, while that in the downstream are expected to be close to $110bn.
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Written by
MEED, the Middle East market experts within the GlobalData Group,
this is an essential guide and an invaluable tool for companies
interested in doing business in MENA oil and gas sector. This report
will help to identify opportunities with details of the main projects
under construction and those due to be awarded in 2018. It clearly
sets out investment drivers and client spending plans and will also
help in understanding the risks and set strategy in the regional oil
& gas projects market.
~ Scope ~
- The MENA region saw $57.4bn-worth of contract awards in 2017, with about 50 per cent of the investments targeted towards downstream activities
- Investments in the upstream sector are progressing at a steady pace with projects aimed at offsetting declines in existing fields and not at increasing production capacity
- An estimated $289bn-worth of planned and unawarded projects in the oil, gas and petrochemicals sector in the MENA region, excluding Iran, at the start of 2018
~ Scope ~
- The MENA region saw $57.4bn-worth of contract awards in 2017, with about 50 per cent of the investments targeted towards downstream activities
- Investments in the upstream sector are progressing at a steady pace with projects aimed at offsetting declines in existing fields and not at increasing production capacity
- An estimated $289bn-worth of planned and unawarded projects in the oil, gas and petrochemicals sector in the MENA region, excluding Iran, at the start of 2018
– More
Clear Details get Table of
Contents_https://www.researchmoz.us/meed-middle-east-and-north-africa-mena-oil-and-gas-market-2018-report.html/toc
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- The MENA
regions petrochemicals industry has increased its focus on
integrating new capacity into existing refinery complexes
- Since the lifting of sanctions in 2016, Irans oil and gas projects market has gained pace. By December 2017, the value of all planned oil and gas projects in Iran stood at $99.3bn.
- Saudi Arabias national oil company Saudi Aramco has been the biggest oil and gas project sponsor in the region in the period 2012-17, awarding an estimated $39.3bn-worth of major contracts directly.
- The ranking of top contractors has changed considerably. The presence of Chinas contractors has been growing. South Korean firms form the most successful national group of contractors.
- The return of the lump sum turnkey (LSTK) contract as the dominant procurement model in the GCC oil and gas market.
~ Reasons to buy ~
- Discover investment drivers and client spending plans in more than 12 countries
- Identify key project opportunities in the upstream, downstream refining and petrochemical sectors
- Access rankings of the top contractors and clients in each country
- Prepare for specific projects by gaining knowledge of upcoming projects and schedules
- Identify challenges in the market to support risk mitigation.
- Since the lifting of sanctions in 2016, Irans oil and gas projects market has gained pace. By December 2017, the value of all planned oil and gas projects in Iran stood at $99.3bn.
- Saudi Arabias national oil company Saudi Aramco has been the biggest oil and gas project sponsor in the region in the period 2012-17, awarding an estimated $39.3bn-worth of major contracts directly.
- The ranking of top contractors has changed considerably. The presence of Chinas contractors has been growing. South Korean firms form the most successful national group of contractors.
- The return of the lump sum turnkey (LSTK) contract as the dominant procurement model in the GCC oil and gas market.
~ Reasons to buy ~
- Discover investment drivers and client spending plans in more than 12 countries
- Identify key project opportunities in the upstream, downstream refining and petrochemical sectors
- Access rankings of the top contractors and clients in each country
- Prepare for specific projects by gaining knowledge of upcoming projects and schedules
- Identify challenges in the market to support risk mitigation.
Continue.....
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