Crude oil is one of the most sought-after commodities in the world today. Its wide array of uses ranges from energy generation to its application as a feedstock for transportation fuels and petrochemical products such as plastics, solvents, and adhesives. Hence the oil industry is one of the most powerful branches in the world economy and changes in benchmark oil prices have great implications for most manufacturing sectors and consumers.
GCC countries have combined proven reserves of 497 billion barrels of crude oil, representing approximately 34% of the world’s estimated proven crude oil reserves.
While state-owned enterprises produce much of the oil, many international oil companies engage in oil production and related activities in the Middle East through joint ventures, production-sharing agreements, and other business models.
For decades, the Middle East has been supplying a big part of the oil consumed worldwide. It produces more oil than any other region in the world, accounting for slightly less than a third of global oil production in 2018, at 31.3%. This region includes five of the top ten oil-producing countries - Saudi Arabia, Iran, Iraq, the UAE, and Kuwait, which are responsible for producing about 27% of world oil production. All these leading oil producers are the Gulf Cooperation Council (GCC) states.
The report provides a detailed analysis of opportunities that can be accessed in the Oil Industry (Crude Oil Purchase, Oil Industry Chemical Provision) within the Gulf Region.
Specifically, the report addresses the following areas:
01. Crude Purchase (Petroleum Products, Derivates)
02. Chemicals for the Oil Industry
Specific Chemical Categories: Hydrochloric acid, Defoamer, Potassium Chloride, Surfactant, Clay stabilizer, Demulsifier, Delay agents, Crosslinking agent, Activator, Iron stabilizers, Serotonin breaker, and Catalysts.
Highlights from the report:
- Detailed analysis of the crude oil market in the Gulf region including market size growth, and trends
- An in-depth overview of the chemicals market for the oil industry in the Gulf region
- Description of registering with Sharjah National Oil Cooperation (SNOC)
- A comprehensive review of the oil purchasing process from Saudi Arabia (Saudi Aramco)
- Overview of crude oil applications and demand
- Detailed competitor analysis of Top 5 crude oil, petroleum products and petrochemicals trading companies in UAE
Table of Contents
1. Executive Summary
2. Market Overview
3. Crude Oil Market Analysis in Gulf Region
4. Market Size
5. Market Growth
6. Market Trends
7. Chemicals for the Oil Industry
8. Market Size
9. Market Growth
10. Sharjah National Oil Cooperation (SNOC)
11. Sharjah Licence Round
12. Vendor Registration to SNOC
13. Buy Oil from Saudi Arabia
14. Saudi Aramco
15. Become a Customer of Saudi Aramco
16. Customer Analysis
17. Crude Oil as A Base Component of Products
18. Crude Oil and Petrochemicals in Transportation Fuels
19. Crude Oil and Petrochemicals in Plastics
20. Competitive Analysis
21. Dar Al Amal Diesel Trading LLC
22. Trescorp Alliance Pte LTD
23. Alchemist Energy Trading
24. Panorama Oil Products Trading LLC
25. Innova Refining & Trading
List of Graphs and Charts:
Figure 1: World’s largest oil reserves, in billion barrels
Figure 2: Proven Oil Reserves of GCC States in 2020, in billion barrels
Figure 3: Oil Production in the world from 2018-2020, in million barrels per day
Figure 4: The 10 largest oil producers in 2020, in million barrels per day
Figure 5: Oil production in Saudi Arabia from 2018-2020, in million barrels per day
Figure 6: Arab Heavy Price in 2017-2021
Figure 7: Arab Medium Price in 2017-2021
Figure 8: Arab Light Price in 2017-2021
Figure 9: Arab Extra Light Price in 2017-2021
Figure 10: Crude Oil Exports in Saudi Arabia in 2019, in billion USD
Figure 11: Capacity of oil refineries in Saudi Arabia, in barrels per day
Figure 12: Oil Production in UAE from 2018 to 2020, in million barrels per day
Figure 13: DAS Price from 2017-2021
Figure 14: Umm Lulu Price from 2017-2021
Figure 15: Upper Zakum Price from 2017-2021
Figure 16: Dubai Crude Price from 2017-2021
Figure 17: Capacity of Oil Refineries in UAE, in barrels per day
Figure 18: Oil Production in Kuwait from 2018-2020, in million barrels per day
Figure 19: Kuwait Export Blend Price from 2017-2021, in USD
Figure 20: Capacity of Oil Refineries in Kuwait from 2018-2020, in barrels per day
Figure 21: Oil Production in Qatar from 2018-2020, in barrels per day
Figure 22: Qatar Marine Price from 2017-2021
Figure 23: Qatar Land Price from 2017-2021
Figure 24: Qatar AI Shaheen Price from 2017-2021, in USD
Figure 25: Capacity of Oil Refineries in Qatar, in thousand barrels per day
Figure 26: Oil Production in Oman from 2018-2020, in barrels per day
Figure 27: DME Oman Price from 2017-2021, in USD
Figure 28: Oil Production in Bahrain from 2018 to 2019, in barrels per day
Figure 29: OPEC Basket Price from 2016-2021
Figure 30: Petrochemicals Production in 2018
Figure 31: Petrochemicals Exports in 2018
Figure 32: Hydrochloric Acid Exports, in million kg
Figure 33: Hydrochloric Acid Imports, in million kg
Figure 34: Silicon Defoamers Exports, in million kg
Figure 35: Silicon Defoamers Exports, in million kg
Figure 36: Potassium Chloride Imports, in tons
Figure 37: Potassium Chloride Exports, in tons
Figure 38: Anionic Surfactants Exports, in million kg
Figure 39: Anionic Surfactants Imports, in million kg
Figure 40: Clay Stabilizers Exports, in million kg
Figure 41: Clay Stabilizers Imports, in million kg
Figure 42: Demulsifiers Exports in UAE, in million kg
Figure 43: Demulsifiers Imports in UAE, in million kg
Figure 44: Delay Agent Exports in UAE, in kg
Figure 45: Delay Agent Imports in UAE, in million kg
Figure 46: Crosslinking Agent Exports, in million kg
Figure 47: Crosslinking Agent Imports, in million kg
Figure 48: Crosslinking Agent Exports, in kg
Figure 49: Crosslinking Agent Imports, in million kg
Figure 50: Iron Stabilizers Exports, in million kg
Figure 51: Iron Stabilizers Imports, in million kg
Figure 52: Catalysts Imports in UAE, in million kg
Figure 53: Catalysts Exports in UAE, in million kg
Figure 54: OPEC Crude Oil Supply in 2019-2020, in million barrels per day
Figure 55: Non-OPEC Crude Supply in 2019-2021, in million barrels per day
Figure 56: Oil Production from 2019 to 2020, in millions barrels per day
Figure 57: Total World Demand from 2019 to 2020, in millions barrels per day
Samples
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Companies Mentioned
- Alchemist Energy Trading
- Dar Al Amal Diesel Trading LLC
- Innova Refining & Trading
- Panorama Oil Products Trading LLC
- Trescorp Alliance Pte LTD
