Apr 26, 2018   SOURCE: BusinessWire

Middle East & North Africa (MENA) Oil and Gas Market 2017-2018 & Projections to 2025 - ResearchAndMarkets.com

The "MEED: Middle East & North Africa (MENA) Oil and Gas Market 2018" report has been added to ResearchAndMarkets.com's offering.

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.

Written by Middle East market experts, 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
  • The MENA region's petrochemicals industry has increased its focus on integrating new capacity into existing refinery complexes
  • Since the lifting of sanctions in 2016, Iran's 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 Arabia's 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 China's 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.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Algeria

4. Bahrain

5. Egypt

6. Iran

7. Iraq

8. Jordan

9. Kuwait

10. Libya

11. Morocco

12. Oman

13. Qatar

14. Saudi Arabia

15. Tunisia

16. UAE

Companies Mentioned

  • Abu Dhabi National Oil Company (Adnoc)
  • Saudi Aramco
  • Sonatrach
  • Bahrain Petroleum Company (Bapco)
  • Opec
  • Petroleum Development Oman (PDO)
  • Kuwait Oil Company (KOC)
  • Qatar Petroleum
  • Total
  • Eni
  • BP
  • Shell
  • RWE
  • Chevron
  • Conoco Philips
  • Marathon
  • ExxonMobil
  • BG
  • Dana Gas
  • Qatargas
  • Sabic
  • Sadara Petrochmicals
  • Dow Chemicals
  • Sumitomo Chemical
  • Haliburton
  • Schlumberger
  • Baker Hughes
  • Samsung Engineering
  • Petrofac
  • Saipem
  • Tecnicas Reunidas
  • Daewo
  • JGC Corporation
  • WorleyParsons
  • Larsen & Toubro (India)
  • GS E&C
  • CTCI
  • Sepco
  • Hyundai Engineering & Construction

For more information about this report visit https://www.researchandmarkets.com/research/j62v8r/middle_east_and?w=4