Oil & Gas

Key MENA countries rely on oil & gas for well over 50% of their revenue. For Iraq and Algeria, hydrocarbons provide over 90% of their export earnings. Whilst Saudi Arabia has a (so far largely rhetorical) National Transformation Plan, other countries have barely begun to consider how to adapt to the looming 'energy transition'.

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Saudi Arabia: Oil & Overall Rig Count At 10-Year Low

Oman’s Rig Count Is At The Lowest Since 2013

1: Algeria’s Oil Output Is Set For Its Lowest Level Since At Least 1993 With Exports Also At Record Lows (Mn B/D)

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