Saudi Arabia Oil and Gas Midstream Market Report and Forecast 2024-2032

Saudi Arabia Oil and Gas Midstream Market Outlook

The Saudi Arabia oil and gas midstream market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. The market is driven by increasing exploration and production (E&P) activities, increasing investments in pipeline infrastructure, and rising collaborations to enhance large-scale energy infrastructure in the region.

Key Trends in the Market

Oil and gas midstream refers to the intermediary stage of the energy supply chain that involves the transportation, storage, and processing of crude oil, natural gas, and refined products. This sector encompasses a network of infrastructure, including pipelines, storage facilities, terminals, and processing plants, facilitating the movement of raw hydrocarbons from extraction sites to refineries or distribution centres.

• The Saudi Arabia oil and gas midstream market growth has been advancing rapidly with increasing investments in pipeline infrastructure to efficiently transport crude oil, natural gas, and refined products across the country and for export. Projects like the East-West Pipeline and expansion of the Master Gas System  are examples of such investments.

• The nation has undertaken initiatives to bolster its refining capabilities, augmenting the intrinsic value derived from its crude oil reservoirs. Prominent among these efforts are the construction and amplification endeavours observed in key refineries, exemplified by projects such as the Jazan Refinery and the Ras Tanura Refinery.

These strategic developments underscore the commitment to fortify refining capacity, aligning with the objective of maximising the value chain of crude oil resources within the country.

• The Saudi Arabia oil and gas midstream market demand is expected to increase rapidly as the nation forms alliances with global enterprises to harness their expertise and facilitate investment within its midstream sector. These strategic partnerships have led to the establishment of joint ventures and collaborative efforts aimed at augmenting technological prowess and operational efficiency within the sector.

Saudi Arabia Oil and Gas Midstream Market Segmentation

Based on type, the market can be segmented into transportation, storage, and LNG terminals.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia oil and gas midstream market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Saudi Aramco Total Refining and Petrochemical Company

• Saudi Arabian Oil Co.

• SAIPEM SpA

• Shell Plc

• KROHNE Messtechnik GmbH

• Medra Arabia

• Others

Market Share by Type

According to the Saudi Arabia oil and gas midstream market analysis, LNG (Liquefied Natural Gas) terminals in Saudi Arabia are expected to grow at a rapid rate owing to the increasing investment in LNG infrastructure, including the construction and expansion of terminals. For instance, the Kingdom has plans to build additional LNG terminals to support its growing natural gas requirements and to enhance its position as a global LNG exporter.

Furthermore, rising investments in advanced technology and improving operational efficiency are expected to significantly influence the Saudi Arabia oil and gas midstream market share in the coming years. These advancements are driving the adoption of smart technologies for monitoring and managing pipeline networks, as well as the adoption of more efficient shipping and logistics practices.

Competitive Landscape

Saudi Aramco Total Refining and Petrochemical Company, is a joint venture between Saudi Aramco and Total. It operates one of the most advanced refineries globally in Jubail, Saudi Arabia. The company focuses on refining crude oil into petroleum products and producing petrochemicals, contributing significantly to the country's downstream oil and petrochemical industry.

Saudi Arabian Oil Co. is one of the world's largest integrated oil and gas companies, primarily owned by the Kingdom of Saudi Arabia. It manages vast oil and gas reserves, operates refineries, and oversees various upstream, midstream, and downstream operations. Saudi Aramco plays a pivotal role in the global energy sector.

SAIPEM SpA is an Italian multinational company operating in the engineering, drilling, and construction of major projects in the energy sector, including oil and gas. It provides services ranging from exploration and production to the development of offshore and onshore facilities. SAIPEM is recognised for its expertise in complex and large-scale energy infrastructure projects worldwide.

Other key players in the Saudi Arabia oil and gas midstream market are Shell Plc, KROHNE Messtechnik GmbH, and Medra Arabia, among others.

Key Highlights of the Report