MEED: Middle East & North Africa (MENA) Oil and Gas Market 2018

MEED: Middle East & North Africa (MENA) Oil and Gas Market 2018


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 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.


  • 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.
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.

1. Executive Summary
2. Introduction
2.1 Project activity
2.2 Activity by country
2.3 Activity by sector
2.4 Clients
2.5 Contractors
2.6 Future projects and forecasts
3. Algeria
3.1 Overview
3.2 Industry structure
3.3 Licensing rounds
3.4 Upstream oil
3.5 Upstream gas
3.6 Refining
3.7 LNG
3.8 Pipelines
3.9 Petrochemicals
4. Bahrain
4.1 Overview
4.1 Structure
4.2 Upstream oil
4.3 Gas
4.4 Refining
4.5 Petrochemicals
4.6 Projects market
4.7 Contractors
5. Egypt
5.1 Overview
5.2 Industry structure
5.3 Government strategy
5.4 Oil production
5.5 Gas
5.6 Exploration and development terms
5.7 Main players
5.8 Upstream project work
5.9 Refining
5.10 Petrochemicals
5.11 Fertilisers
5.12 Egypt’s oil and gas projects market
5.13 Contractors and clients
6. Iran
6.1 Overview
6.2 Buy-back contracts
6.3 Oil production
6.4 Oil consumption
6.5 Oil fields
6.6 Refining
6.7 Oil storage and transportation
6.8 Gas
6.9 Petrochemicals
7. Iraq
7.1 Overview
7.2 Structure
7.3 The Iraq National Energy Strategy
7.4 Upstream oil
7.5 Licensing rounds
7.6 New fields on offer
7.7 Gas
7.8 Midstream projects
7.9 Refining
7.10 Petrochemicals
7.11 Projects market
7.12 Contractors
8. Jordan
8.1 Overview
8.2 Structure
8.3 Upstream oil
8.4 Oil shale
8.5 Upstream gas
8.6 Refining/Storage
8.7 Projects
8.8 Contractors
9. Kuwait
9.1 Overview
9.2 Industry structure
9.3 Politics & the oil sector
9.4 Upstream
9.5 Production & export infrastructure
9.6 Downstream
9.7 Petrochemicals
9.8 Contract awards
10. Libya
10.1 Overview
10.2 Civil war
10.3 Structure
10.4 Upstream oil
10.5 Natural gas
10.6 Refining
10.7 Petrochemicals
10.8 Projects market
11. Morocco
11.1 Overview
11.2 Licensing regime
11.3 Upstream oil
11.4 Gas
11.5 Refining
11.6 Projects market
12. Oman
12.1 Overview
12.2 Upstreamoil
12.3 Gas
12.4 Refining
12.5 Petrochemicals
12.6 Projects market
12.7 Contractors
13. Qatar
13.1 Structure
13.2 Upstream oil
13.3 Gas
13.4 Refining
13.5 Petrochemicals
13.6 New projects
13.7 Projects market
13.8 Contractors
14. Saudi Arabia
14.1 Overview
14.2 Structure
14.3 Saudi Aramco
14.4 Upstream oil
14.5 Gas
14.6 Refining
14.7 Petrochemicals
14.8 Key companies
14.9 Projects market
14.10 Leading Contractors
14.11 Vision 2030 Targets
15. Tunisia
15.1 Overview
15.2 Structure
15.3 Oil and gas production
15.4 Refining
15.5 Projects market
15.6 Tunisia Development Plan 2016-20
16. UAE
16.1 Overview
16.2 Abu Dhabi
16.3 Dubai and the northern emirates
16.4 Upstream oil
16.5 Gas
16.6 Refining
16.7 Petrochemicals
16.8 Fundraising and capex plan
16.9 Projects market

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