Oil & Gas in Middle East
Summary
Oil & Gas in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Middle Eastern oil & gas market recorded revenues of $218 billion in 2023, representing a compound annual growth rate (CAGR) of 0.7% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 1.1% between 2018 and 2023, to reach a total of 3,007 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Middle Eastern hybrid and electric cars market stood at $4.3 billion in 2023, an increase of 9.9% from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the oil & gas market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Middle East
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East oil & gas market with five year forecasts
- What was the size of the Middle East oil & gas market by value in 2023?
- What will be the size of the Middle East oil & gas market in 2028?
- What factors are affecting the strength of competition in the Middle East oil & gas market?
- How has the market performed over the last five years?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What were the most notable recent developments in this market?
- 8 Company Profiles
- 8.1. Saudi Arabian Oil Company
- 8.2. Chevron Corporation
- 8.3. Abu Dhabi National Oil Co
- 8.4. Egyptian General Petroleum Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. About MarketLine
- List of Tables
- Table 1: Middle East oil & gas market value: $ million, 2018-23
- Table 2: Middle East oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Middle East oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Middle East oil & gas market geography segmentation: $ million, 2023
- Table 5: Middle East oil & gas market value forecast: $ million, 2023-28
- Table 6: Saudi Arabian Oil Company: key facts
- Table 7: Saudi Arabian Oil Company: Annual Financial Ratios
- Table 8: Saudi Arabian Oil Company: Key Employees
- Table 9: Chevron Corporation: key facts
- Table 10: Chevron Corporation: Annual Financial Ratios
- Table 11: Chevron Corporation: Key Employees
- Table 12: Chevron Corporation: Key Employees Continued
- Table 13: Abu Dhabi National Oil Co: key facts
- Table 14: Abu Dhabi National Oil Co: Key Employees
- Table 15: Egyptian General Petroleum Corp: key facts
- Table 16: Egyptian General Petroleum Corp: Key Employees
- Table 17: Middle East size of population (million), 2019-23
- Table 18: Middle East gdp (constant 2005 prices, $ billion), 2019-23
- Table 19: Middle East gdp (current prices, $ billion), 2019-23
- Table 20: Middle East inflation, 2019-23
- Table 21: Middle East consumer price index (absolute), 2019-23
- Table 22: Middle East exchange rate, 2019-23
- List of Figures
- Figure 1: Middle East oil & gas market value: $ million, 2018-23
- Figure 2: Middle East oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Middle East oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Middle East oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in the Middle East, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in the Middle East, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in the Middle East, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in the Middle East, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in the Middle East, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in the Middle East, 2023
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