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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Libya Has Exported More Than 9mn Barrels* Since Lifting Of Blockade On 18 September

Saudi Crude* Exports On The Rise After Dropping To 10-Year Quarterly Low (Mn B/D)

Saudi Crude Export Markets, Q3 2020 (‘000 B/D)

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