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GlobalDatas latest report, Middle East Oil and Gas Projects Outlook to 2025 Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects indicates that Middle East is expected to witness 615 oil and gas projects to commence operations during the period 2021-2025. Out of these, upstream projects would be 77, midstream would be 143, refinery at 83 and petrochemical would the highest with 312 projects respectively.

Refinery and petrochemical projects together constitute about 64 percent of all upcoming oil and gas projects in the Middle East during 20212025. Midstream sector follows next, with the pipeline segment alone constituting 41 percent of all projects followed by gas processing and oil storage with 22 percent each.

New build projects lead the upcoming projects landscape in the Middle East constituting around 75 percent of the total projects across the value chain. The share of new build projects is especially high in the petrochemicals sector with more than 90 percent. On the other hand, expansion projects dominate the downstream (refineries) sector.

In the Middle East, nearly half of the projects are in construction and commissioning stages and are more likely to commence operations during the outlook period. About 37 percent of the projects are in the planning stages and the rest have been approved or awaiting approval.

Among countries, Iran dominates the upcoming projects landscape in the Middle East accounting for 43 percent of the total projects expected to start operations during the 2021 to 2025 period. However, it remains to be seen how many of these projects actually start operations in the outlook period.

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Iran leads upcoming projects starts across oil and gas value chain in Middle East by 2025 - Offshore Technology