Azerbaijan Oil and Gas Downstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The market for oil and gas downstream in Azerbaijan is expected to register a CAGR of more than 1.21% during the forecast period of 2020 – 2025. Factors, such as increasing demand for natural gas and rising production of oil and gas, coupled with increasing demand for petroleum products in the country, are expected to boost the demand in the market during the forecast period. However, a decrease in oil consumption is expected to impede the growth in the market.
Key HighlightsThe Azerbaijan oil and gas downstream market is consolidated. The major companies include the State Oil Company of the Azerbaijan Republic, Royal Dutch Shell PLC, Total SA, KBR Inc., and TechnipFMC PLC.
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