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MENA upstream: 5 things to look for in 2021

Predictions for the year ahead

1 minute read

What's inside this year's report?

Turbulence and resilience will remain at the heart of the story in 2021.

In terms of oil production, it's still unclear how fast OPEC+ will increase supply in the face of a fragile and uncertain demand. It will require strong leadership and collective discipline to navigate the coming year. For investments, several shovel-ready projects were paused in 2020 and could happen next year. Could 2021 prove to be a bumper year for some players? 

Meanwhile, low oil prices could see the energy transition accelerate in the region, shifting more attention to gas and renewables.

Read MENA upstream: 5 things to look for in 2021 for our experts' analysis of:

  1. Production: pressure within the ranks of OPEC producers
  2. Investment: the region could buck the global FID trend
  3. Qatar: giant North Field Expansion still moving full steam ahead
  4. Government budgets: countries will continue to raise cash, potentially selling upstream assets
  5. Energy transition: the shift to gas and renewables accelerates. 

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2021 Outlook

How will global upstream trends play out in your region?

Find out