Saudi Arabia has the largest share of all active oil, gas and chemical projects, followed by Iraq and the UAE, while Egypt is the largest market in North Africa
Key points:
> HISTORICAL CONTRACTS: 2023 had the highest value of oil and gas contracts awarded over the past decade
> CONTRACT AWARDS: Adnoc’s Hail & Ghasha sour gas development onshore and offshore packages lead the UAE’s 2023 project awards
> CONTRACTOR RANKING: Abu Dhabi’s NMDC Energy and Saipem were awarded the contract for the Hail and Ghasha sour gas development offshore package, while Italy’s Maire Tecnimont was awarded the contract for the onshore package
> FUTURE CONTRACTS: There are more than $408bn-worth of planned and unawarded oil and gas projects in the Mena region
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