MENA Oil and Gas 2022 – The outlook for oil, gas and petrochemicals projects in the Middle East and North Africa in 2022 – MEED Insights
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
The Middle East and North Africa (MENA) oil, gas, and petrochemicals projects outlook report is the latest premium intelligence report from MEED insight. Since 2010, around $414 billion of oil, gas & petrochemical project contracts have been awarded in the MENA region. The report provides a comprehensive snapshot of the regional oil and gas projects market at the start of 2020 and examines the outlook for policy and investment in oil, gas, and petrochemicals projects across the MENA region.
The world is transitioning away from its centuries-long dependence on fossil fuels. For oil producers in the MENA, the global energy transition is a fundamental change in their business model. The region’s leading national oil companies (NOCs) are rolling out new policies and investments to keep them at the forefront of the global energy sector. The policy focus is on diversifying investments into new technologies and fuels, conserving hydrocarbons reserves, and on reducing greenhouse gas (GHG) emissions through cleantech and reduced consumption.
What are the market dynamics of the oil, gas & petrochemicals projects in MENA?
MENA region’s oil and gas producers know that hydrocarbons will be the world’s biggest source of energy for decades to come, even after oil demand growth starts to slow. They also know that their low production costs give them a huge advantage. As a result, they are investing heavily to expand their upstream and downstream production capacity.
The project’s pipeline is vast and about $471.75 billion of oil, gas & petrochemicals projects are planned across the MENA region. These projects will offer abundant future opportunities for contractors, consultants, and suppliers working in the oil, gas and petrochemicals sector in the region.
The impact of COVID-19 and lower oil revenues is squeezing regional budgets and the NOCs are looking for new ways of raising capital through share sales, bonds, and selling stakes in assets. There is also considerable change taking place in the way work is being procured and delivered in the region. The drive to increase the value of local content in projects requires companies to procure people, goods, and services from local sources where possible, while the need to increase energy efficiency and reduce carbon dioxide emissions is becoming an important aspect of projects.
What is the sector-wise outlook of oil, gas & petrochemicals projects in MENA?
The key sectors of oil, gas & petrochemicals projects in MENA are oil refinery, oil extraction, petrochemical plant, gas processing plant, gas pipeline, gas extraction, oil pipeline, gas tank, fertilizer plant, oil tank, gas compression station, oil pumping station, and chemicals tank.
Oil refining is the most valuable sector followed by oil extraction and petrochemical plants.
MENA oil, gas, & petrochemicals projects, by sector
For more sector insights, download a free sample
Which are the leading countries in terms of oil, gas & petrochemicals projects in MENA?
The key countries of oil, gas & petrochemicals projects in MENA are Saudi Arabia, Kuwait, Iran, UAE, Iraq, Egypt, Qatar, Algeria, Oman, Bahrain, Jordan, Libya, Tunisia, Morocco, and Turkey.
Saudi Arabia had the region’s largest oil, gas, and petrochemicals market followed by Iran and Kuwait.
MENA oil, gas, & petrochemicals projects, by key countries
To know more about key countries, download a free sample
Who are the major clients of oil, gas & petrochemicals projects in MENA?
The major clients of oil, gas & petrochemicals projects of MENA are Saudi Aramco, Hormoz Petrochemical Company, Petronas, Abadan Oil Refining Company, Kuwait Oil Company, Abu Dhabi National Oil Company, Egypt Ministry of Petroleum, South Oil Company Iraq, Bahrain Petroleum, Iraq State Company for Oil Projects, OQ8, Iran National Gas Company, Adnoc Onshore, Petro Shorouk, Petroleum Engineering and Development Co., Sonatrach, South Refineries Company, ADNOC Offshore, Basrah Gas Company, and QatarGas.
Given its position as the world’s leading exporter of crude, Saudi Arabia’s national oil company Saudi Aramco was unsurprisingly the biggest oil and gas client in the region as of July 2021 followed by QatarGas, and Iraq’s Basrah Gas Company.
MENA oil, gas, & petrochemicals projects, by key clients
To know more about key clients, download a free sample
Who are the leading contractors of oil, gas & petrochemicals projects in MENA?
Petrochemical Industries Design & Engineering Co., Enerchimi Engineering Company, Pars Energy Gostar Drilling & Exploration (PEDEX), and Oil Industries Engineering & Construction are the leading contractors of oil, gas & petrochemicals projects in MENA.
Market report scope
Key sectors | Oil Refinery, Oil Extraction, Petrochemical Plant, Gas Processing Plant, Gas Pipeline, Gas Extraction, Oil Pipeline, Gas Tank, Fertilizer Plant, Oil Tank, Gas Compression Station, Oil Pumping Station, and Chemicals Tank. |
Key countries | Saudi Arabia, Kuwait, Iran, UAE, Iraq, Egypt, Qatar, Algeria, Oman, Bahrain, Jordan, Libya, Tunisia, Morocco, and Turkey. |
Key clients | Saudi Aramco, Hormoz Petrochemical Company, Petronas, Abadan Oil Refining Company, Kuwait Oil Company, Abu Dhabi National Oil Company, Egypt Ministry of Petroleum, South Oil Company Iraq, Bahrain Petroleum, Iraq State Company for Oil Projects, OQ8, Iran National Gas Company, Adnoc Onshore, Petro Shorouk, Petroleum Engineering and Development Co., Sonatrach, South Refineries Company, ADNOC Offshore, Basrah Gas Company, and QatarGas |
Key contractors | Petrochemical Industries Design & Engineering Co., Enerchimi Engineering Company, Pars Energy Gostar Drilling & Exploration (PEDEX), and Oil Industries Engineering & Construction |
Reasons to Buy
- Detailed assessment of the outlook for the oil, gas, and petrochemicals projects market in the Middle East and North Africa
- A comprehensive review of 14 oil and gas markets across the Middle East and North Africa
- Outlook for policy and investment in oil, gas, and petrochemicals projects across the region
- Impact of COVID-19 on Middle East oil & gas
- Projects opportunities with client and procurement details
- Investment drivers and client spending plans
- Understand risks and set strategy in the MENA oil and gas market
Table of Contents
Table
Figures
Frequently asked questions
-
What is the sector-wise outlook of oil, gas & petrochemicals projects in MENA?
The key sectors of oil, gas & petrochemicals projects in MENA are oil refinery, oil extraction, petrochemical plant, gas processing plant, gas pipeline, gas extraction, oil pipeline, gas tank, fertilizer plant, oil tank, gas compression station, oil pumping station, and chemicals tank.
-
What are the key countries of oil, gas & petrochemicals projects in MENA?
The key countries of oil, gas & petrochemicals projects in MENA are Saudi Arabia, Kuwait, Iran, UAE, Iraq, Egypt, Qatar, Algeria, Oman, Bahrain, Jordan, Libya, Tunisia, Morocco, and Turkey.
-
What are the major clients of oil, gas & petrochemicals projects in MENA?
The major clients of oil, gas & petrochemicals projects in MENA are Saudi Aramco, Hormoz Petrochemical Company, Petronas, Abadan Oil Refining Company, Kuwait Oil Company, Abu Dhabi National Oil Company, Egypt Ministry of Petroleum, South Oil Company, Iraq, Bahrain Petroleum, Iraq State Company for Oil Projects, OQ8, Iran National Gas Company, Adnoc Onshore, Petro Shorouk, Petroleum Engineering and Development Co., Sonatrach, South Refineries Company, ADNOC Offshore, Basrah Gas Company, and QatarGas.
-
Who are the leading contractors in the oil, gas & petrochemicals projects in MENA?
Petrochemical Industries Design & Engineering Co., Enerchimi Engineering Company, Pars Energy Gostar Drilling & Exploration (PEDEX), and Oil Industries Engineering & Construction are the leading contractors of the oil, gas & petrochemicals projects in MENA.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.