Middle East and North Africa upstream: 5 things to look for in 2025
Predictions for the year ahead
1 minute read
Gavin Young, Alexandre Araman, Martijn Murphy, Dalia Salem, Eimhear Sheehan, Ali Nabizadeh, Saurabh Ranade, Kushal Shah, Satwik Sharma and Kandace Persad
MENA's upstream sector is gearing up for a year brimming with opportunity and challenge. Robust investment is set to put considerable strain on the supply chain, with rising costs and delays anticipated. High-profile exploration wells in Oman, Egypt and Kuwait are eagerly anticipated, and Algeria and Libya are poised to complete their first bid rounds in over a decade.
Powered by Lens Upstream, in this report we share our take on five key themes to watch in 2025, including:
- Algeria and Libya bid round success: a long-awaited return to competitive offerings.
- Deepening gas deficits: widening shortfalls in Iraq, Iran, and Egypt?
- Market turbulence from "Trump 2.0"?
- And more.