Insight

Middle East and North Africa Upstream: 2024 in review

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In this review, we highlight the significant upstream events and trends of 2024 across the Middle East and North Africa. Total production marginally increased, boosted by gas growth. However, oil production fell significantly due to Saudi Arabia’s voluntary cut. Regional investment grew strongly, reaching a record high in the Middle East. Two upstream FIDs and two LNG projects were approved. We also delve into the key trends in production, investment, FIDs, M&A, licensing and emissions.

Table of contents

Tables and charts

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  • Middle East and North Africa capital investments in 2024

What's included

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  • Document

    MENA Upstream 2024 In Review.pdf

    PDF 939.14 KB

  • Document

    MENA 2024 Review Downloadable Data.xlsx

    XLSX 301.32 KB