Middle East Oil Pipeline Infrastructure Market Share is anticipated to witness a substantial growth on account of rising demand of crude oil across various regions. The rising focus towards improving the interregional trade dynamics will boost industry growth over the forecast period. In 2018 according to US Energy Information Administration (EIA) an estimate of 76% of the 17.3 million barrels per day (bpd) of condensate and crude oil had flowed from Strait of Hormuz to Asia.

The growing awareness towards environment safety and stringent regulatory norms towards oil supply will propel the industry growth. The upgradation and reconstruction of prevailing transmission systems will further boost the oil pipeline infrastructure market. For instance, in 2019 the Government of Iran has developed a plan to deploy 43% of new oil and gas pipeline extension over the next 3 years by extending its network by 7,500km.

Growing investments towards development of various new refineries coupled with the upgradation of prevailing units will encourage the demand of new pipeline infrastructure in Iraq. For instance, in 2019 Iraq’s Ministry of Oil, announced to develop additional refineries with the support of various international investors across the country.

Rapid innovation in the E&P technologies coupled with implementation of various smart and digital systems will propel the growth of oil pipeline infrastructure market in Middle East. Government measures to expand and upgrade the existing aging O&G infrastructure will further enhance the industry growth.

Improving oil prices coupled with soaring investments toward deep and ultra-deep E&P locations will boost the offshore pipeline infrastructure market. Rapid development in oil and gas reserves along with need for sustainable infrastructure to get the resources from new platforms will strengthen the industry landscape.

Abundant availability of various hydrocarbon resources with soaring investments across both onshore and offshore well heads will drive the oil pipeline infrastructure market in Middle East. Prominent players operating across region include ExxonMobil, Chevron Corporation, Petrobras, CRC-Evans Pipeline International, Welspun Corp Ltd, National Oil Varco, General Electric.