Oil prices have recently seen upward movement, and engineering, procurement, and construction (EPC) contractors have been kept busy by Saudi Aramco and the UAE’s Adnoc this year.
But will oil prices hit $100, and what comes next for the Middle East’s EPC firms? On 3 October 2018, Brent crude hit a four-year high of $86 per barrel.
Upstream contractors are likely to benefit from this price hike as operators spend on development and redevelopment schemes. For downstream firms, the impact of these oil prices will depend on the region they predominantly operate in.
On 4 February 2021, the 17th edition of the FIFA Club World Cup™ officially kicked off in Qatar, with…
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
