Qatar Oil and Gas Upstream Market 2022 Share and Growth For Business Development - Nippon Steel Corporation, Tenaris SA, TMK PAO

Global Qatar Oil and Gas Upstream Market Size, Status, and Forecast for the 2022-2027.  In-depth research has been compiled to provide the most up-to-date information on key aspects of the worldwide market. This research report covers major aspects of the Qatar Oil and Gas Upstream Market, including drivers, restraints, historical and current trends, regulatory scenarios, and technological advancements. The industry's role on the COVID-19 outbreak was comprehensively studied. During a specific period, a full risk evaluation and industry recommendations were made for Qatar Oil and Gas Upstream Market. This report compares the pre-COVID-19 and post-COVID-19 marketplaces. The impact of COVID-19 on the regional economy is also taken into account in the research.

The market for oil and gas upstream in Qatar is expected to grow at a CAGR of more than 1% during the forecast period of 2022 - 2027.

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The Top Major Prominent Players are:  ArcelorMittal SA,  ILJIN Steel Co.,  NationalOilwell Varco Inc.,  Nippon Steel Corporation,  Tenaris SA,  TMK PAO,  TPCO Enterprise Inc.,  U.S. Steel Tubular Products Inc.,  Vallourec SA.

Key Market Trends:

Offshore to Dominate the Market

- The South Pars is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, with ownership of the field shared between Iran and Qatar. The natural gas field provides the most significant share of natural gas production in the country.
- In 2019, Qatargas have awarded McDermott International a substantial contract for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in Qatar. Many new projects are expected to be initiated in the forecast period, which is expected to make the export of natural gas more profitable and thereby contribute to the growth of the upstream market.
- The oil production remained stagnant at 78.5 million tonnes in 2017 - 2018 period. The country's oil consumption increased by 3.5%, year on year, to 12.2 million tons (mt), in 2018 from 11.8 mt in 2017. The increase in oil consumption in the country is expected to provide some growth in the sector.
- Hence, the offshore segment is expected to dominate the market due to the position of the oil and gas reservoirs in the country, and the significant investments being made into the offshore oil and gas field projects.

Increasing Gas Production to Drive the Market

- Production of natural gas increased in the country, by 1.8%, to 150.9 million tonnes of oil equivalent in 2018 from 148.2 Million tonnes oil equivalent, in 2017. The increase in the production of natural gas is expected to positively impact the upstream sector.
- Qatar held an estimated 24.7 trillion cubic meters of proved natural gas reserves in 2018. Most of the country's proved gas reserves are held offshore. The country has among the largest reserves of natural gas, accounting for 12.5% of the established global reserves. The successful exploitation of reserves is likely to provide growth to the market.
- Qatar has been among the largest producer of natural gas in the region, and is expected to increase its natural gas production further in the forecast period. However, intricate ties between Iran and Saudi Arabia and its direct impact on the Persian Gulf is a cause of concern for the government of Qatar.
- The Qatar oil and gas industry is expected to grow slightly in the forecast period due to an increase in oil and gas production in the region.

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Strategic points covered in the Qatar Oil and Gas Upstream Market catalogue:

Introduction, market driving force product research goals and research scope Global Qatar Oil and Gas Upstream Market (2022-2027).

Exclusive Summary - Basic information on the global Qatar Oil and Gas Upstream Market.

The changing impact on market dynamics - global party supplies driving factors, trends, challenges and opportunities; post-COVID analysis.

Introduction Global Qatar Oil and Gas Upstream Market factors, after COVID impact analysis, Porter's five force, the supply / value chain, PESTEL analysis, market entropy, patent / trademark analysis.

Show 2016-2022 by type, end user and region/country.

Assess the leading manufacturers of the global Qatar Oil and Gas Upstream Market, including their competitive landscape, peer analysis, BCG matrix and company profile.

Evaluate the market-by-market segments, countries/regions and manufacturers/companies, the revenue share and sales of these companies/companies in these different regions of the main countries/regions (2022-2027).

... To be continued..

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