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'.

Saudi Arabia Cut Crude Output From Jan17 In Line With The 'Opec+' Deal. Crude Exports Fell By Even More…
Bahrain Crude & Condensate Output Rises Back Above 200,000 B/D In March Following Abu Safah Outages ('000 B/D)
CNPC's Net Mid-East Gulf Crude Output In 2017 ('000 B/D) Rivalled Western IOCs