GlobalData’s latest report, “Middle East Oil and Gas Projects Outlook to 2025 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects” indicates that Middle East is expected to witness 615 oil and gas projects to commence operations during the period 2021-2025. Out of these, upstream projects would be 77, midstream would be 143, refinery at 83 and petrochemical would the highest with 312 projects respectively.
Refinery and petrochemical projects together constitute about 64 percent of all upcoming oil and gas projects in the Middle East during 2021–2025. Midstream sector follows next, with the pipeline segment alone constituting 41 percent of all projects followed by gas processing and oil storage with 22 percent each.
Go deeper with GlobalData
New build projects lead the upcoming projects landscape in the Middle East constituting around 75 percent of the total projects across the value chain. The share of new build projects is especially high in the petrochemicals sector with more than 90 percent. On the other hand, expansion projects dominate the downstream (refineries) sector.
In the Middle East, nearly half of the projects are in construction and commissioning stages and are more likely to commence operations during the outlook period. About 37 percent of the projects are in the planning stages and the rest have been approved or awaiting approval.
Among countries, Iran dominates the upcoming projects landscape in the Middle East accounting for 43 percent of the total projects expected to start operations during the 2021 to 2025 period. However, it remains to be seen how many of these projects actually start operations in the outlook period.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
