Description

MENA Oil & Gas 2023-24

MENA Oil & gas 2023-24 is the latest premium market report from MEED, the leading provider of Middle East business intelligence.

The report provides a detailed analysis of the Middle East and North Africa oil and gas market in 2022-23 and assesses the outlook for oil, gas and petrochemicals projects in 2023 and 2024.

MENA Oil & gas 2023-24 provides a comprehensive analysis of the key trends, opportunities and challenges facing governments and businesses in the oil and gas sector.

The 700-plus page report includes more than 250 charts, tables, graphs and maps, including tables of projects due to be awarded in 2023 and 2024, along with projects currently under execution.

Published in PowerPoint format, the report is a concise and data-driven report designed to provide a comprehensive and easy-to-digest summary of each giga project to help project companies to understand, identify and target specific opportunities.

Key facts and topics in the MENA Oil & Gas 2023-24:

• Covers all the main sectors of the energy industry including upstream oil and gas, refining and petrochemicals
• Outlines oil, gas and petrochemicals investment drivers and client spending plans in 13 countries – Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, UAE
• Explains the structure of the energy sectors in 13 markets in the Middle East and North Africa
• Details the main projects under construction and those due to be awarded in 2023 and beyond
• Detailed assessment of the outlook for the oil, gas and petrochemicals projects market in the Middle East and North Africa
• Outlook for policy and investment in oil, gas and petrochemicals projects across the region
• 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
• Identifies the biggest spending clients
• Identifies the most successful contractors
• Identifies risks and opportunities
• The report includes proprietary data from MEED Projects.

MENA Oil & gas 2023-24 helps you to make the most of the opportunities in the oil, gas and petrochemicals sector in the Middle East and North Africa.

The world is transitioning away from its centuries-long dependence on fossil fuels. And for oil producers in the Middle East and North Africa (Mena), the global energy transition is a fundamental change in their business model. Their customers are changing and so too must they.  

In response, 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, on conserving hydrocarbon reserves, and on reducing greenhouse gas (GHG) emissions through clean tech and reduced consumption.

At the same time, the region’s oil companies are turning from their traditional customers in the west towards new markets in China, India and Southeast Asia. This is bringing new clients, suppliers, and financiers to the region’s oil and gas sector.

But even with such seismic changes underway, the 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.

Oil and gas project investment

While projects being put on hold, client budgets shrinking, delays in project execution, contracts being terminated and staff retrenchments were common headlines in 2020 and 2021, the situation in the regional oil and gas projects market has improved significantly in the past year.

Last year, more than $30bn-worth of contracts were awarded by oil, gas and petrochemicals producers in the Mena. In 2023 that figure is expected to rise by more than one and a half times. With a steady rise in the number of projects entering the execution phase and a significant volume of contracts due to be awarded this year, the regional industry is having to tackle the issue of human resources.

Project pipeline

Middle East oil producers are determined to retain their role as global energy partners. A confluence of the post-Covid-19 economic recovery, the Russia-Ukraine war and the apparent years-long underinvestment in additional oil and gas production capacity has resulted in the ongoing energy crisis.

In the prevailing scenario where the world remains reliant on hydrocarbons, and green energy sources fall well short of meeting global energy needs, oil and gas producers in the Mena region see far more merit in investing in building upstream production potential. For example, Aramco is striving to increase its maximum oil output spare capacity to 13 million barrels a day (b/d) by 2027, from about 12 million b/d currently, and raise gas production by 50 per cent by the end of this decade.

Adnoc recently adopted a five-year business plan, which covers a capex budget of $150bn for 2023-27 and sets a target to achieve its strategic oil production capacity goal of 5 million b/d by 2027 instead of 2030.

MENA Oil & gas 2023-24 is the latest premium intelligence report from MEED Insight. It provides a comprehensive snapshot of the regional oil and gas projects market at the start of 2023-24 and examines the outlook for policy and investment in oil, gas and petrochemicals projects across the Mena region.

All the MEED Insight reports are delivered via email in digital version. 

Reasons to buy the MENA Oil & Gas 2023-24 report:

• Understand risks and set strategy in the Mena oil and gas market
• A detailed analysis of the Middle East and North Africa oil and gas market in 2022-23 and assesses the outlook for oil, gas and petrochemicals projects in 2023 and 2024.
• Identify new opportunities, set strategies, and mitigate risks in the Middle East and North Africa.
• Details the main projects under construction and those due to be awarded in 2023 and beyond

Who will benefit from the MENA Oil & Gas 2023-24 report:

• Oil and gas companies
• Oil, gas and chemicals traders
• Energy investors
• Oil services companies
• EPC contractors
• Construction companies and suppliers
• Manufacturers
• Engineering consultants

What is unique about this report?

• MEED’s most comprehensive report on the giga project program
• MEED’s unrivalled expertise and insight on the Middle East
• MEED Projects data
• The only report on the overall giga project program
• Focus on outlook for investment

All the MEED Insight reports are delivered via email in digital version.