(MENAFNEditorial)
Low domestic gas prices and limited foreign participation will continue to weigh on Saudi Arabia's non-associated gas development. Oil production will see incremental growth as the kingdom looks to meet rising demand domestically and maintain stable export volumes. Fuels consumption will see strong growth supported by increased domestic refinery output and a high level of subsidisation; however gas consumption will remain heavily constrained by limitations in the domestic supply. Insufficient gas supply poses major risks to planned downstream expansion projects and diversification in the kingdom's power sector.
* In an attempt to maintain crude oil export share we expect Saudi output to remain stable over the coming year. This will see average production of about 11.8mn b/d of crude and other liquids in 2015 a marginal increase from 2014 levels.
* However we forecast a small decline in crude exports as new refining capacity is brought online absorbing forecast production growth.
* In order to support exports the kingdom has looked to increase the role of gas in the domestic power and industrial sectors. However domestic gas consumption remains heavily capped due to limited production growth.
* In spite of Saudi Arabia's heavy focus on unconventional...
Full Report Details at
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The Saudi Arabia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Saudi Arabia including major indicators for oil gas and LNG covering all major indicators including reserves production consumption refining capacity prices export volumes and values. The report includes full analysis of industry trends and prospects national and multinational companies and changes in the regulatory environment.
BMI's Saudi Arabia Oil & Gas Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and competitive intelligence on the Saudi oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for Saudi Arabia to test consensus views - a key input for successful budgeting and strategic business planning in the Saudi oil and gas market.
* Target business opportunities and risks in the Saudi oil and gas sector through reviews of latest industry trends regulatory changes and major deals projects and investments in Saudi Arabia.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI’s key forecasts and industry analysis covering oil and gas reserves supply demand and refining plus analysis of landmark company developments and key changes in the regulatory environment.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the upstream and downstream sectors and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series and forecasts to end-2024 for all key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast:
* Pricing: Oil price (USD/bbl WTI Brent OPEC basket Urals); oil products prices (unleaded gasoline gasoil/diesel jet/kerosene – USD/bbl) at global hubs.
* Production Consumption Capacity & Reserves: Proven oil reserves (bn barrels) production consumption refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm) production and consumption (bcm) and fuels trade.
* Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm) by pipeline and/or LNG and value of natural gas trade.
BMI’s Oil & Gas Risk Reward Index
BMI’s Risk Reward Indices provide investors (independents NOCs IOCs oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
A profile of the upstream and downstream sectors including analysis of reserves output consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.
Competitive landscape
Comparative company analyses by USD sales % share of total sales number of employees year established ownership structure oil production (‘000b/d) gas production (bcm) downstream capacity (‘000b/d) and % market share.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Regional Overview
Regional perspective on size and value of the industry. Plus comparative rankings by production refining imports and exports of oil gas and LNG.
Global Oil Market & Oil Products Outlook
Based on our country coverage of over 99% of global oil and gas production and consumption BMI provides demand supply and price forecasts to end-2024 for oil gas and oil products.
Sources
The Oil & gas Reports draw on an extensive network of primary sources such as multilateral organisations government departments industry associations chambers and company reports.
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