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Middle East Oil & Gas Storage Terminal Market

Middle East Oil & Gas Storage Terminal Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2033

Middle East Oil & Gas Storage Terminal Market by Type (Strategic Reserve, Commercial Reserve), by Tank Type (Fixed Roof, Floating Roof, Bullet Tank, Spherical Tank), by Product (Diesel, Petrol, Aviation Fuel, Crude Oil, Kerosene, Gas, Others), by Forecast 2026-2034

Jan 19 2025

Base Year: 2025

130 Pages

Middle East Oil & Gas Storage Terminal Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The Middle East Oil & Gas Storage Terminal Market size was valued at USD 2.90 USD Billion in 2023 and is projected to reach USD 4.19 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. The Middle East Oil & Gas Storage Terminal market is made up of centers for the storage of crude oil, refined products, and natural gas; they are the main hubs for energy distribution and supply chain management in the region. These terminals are the place for storing large quantities of hydrocarbons, which are the foundation for creating strategic reserves, regulating the import and export of goods, and supplying the domestic and international markets. They are the main factors for energy security and stability for the producers and the consumers. Certainly, the main sectors are oil and gas storage for refineries, petrochemical plants, and distribution networks. The market at the moment is undergoing a transformation in which the storage capacities are being increased, the provision of new monitoring and automation systems is being implemented, and renewable energy storage facilities are being developed together with the traditional hydrocarbon ones, thus, the current energy majority of the region and the diversification are reflected.

Middle East Oil & Gas Storage Terminal Trends

Growing investments in oil and gas infrastructure
Expansion of existing storage terminals and development of new facilities
Adoption of advanced technologies for efficient storage and handling
Increasing trade in refined petroleum products
Focus on reducing emissions and improving environmental sustainability

Middle East Oil & Gas Storage Terminal Market Market Size and Forecast (2024-2030) — Middle East Oil & Gas Storage Terminal Market Company Market Share

Driving Forces: What's Propelling the Middle East Oil & Gas Storage Terminal Market

Rising Oil and Gas Demand: Increasing consumption and industrialization in emerging economies drive the demand for oil and gas storage facilities.
Strategic Location: The Middle East's proximity to major shipping routes and oil-producing regions makes it an ideal location for strategic storage.
Government Support: Governments in the region provide incentives and support for the development of oil and gas storage infrastructure.
Expansion of Refinery Capacity: Increased refining capacity in the Middle East creates a need for additional storage capacity for refined products.
Technological Advancements: Advanced storage technologies, such as floating roofs and spherical tanks, offer improved storage efficiency and safety.

Challenges and Restraints in Middle East Oil & Gas Storage Terminal Market

Geopolitical Instability: Ongoing conflicts and political tensions in the region can disrupt investment and operations in the oil and gas sector, impacting storage terminal activities.
Fluctuating Oil Prices: Market volatility and uncertainty surrounding oil prices can significantly affect the profitability and investment viability of storage terminals.
Environmental Regulations: Increasing environmental concerns and stringent regulation pose challenges for storage terminals to reduce emissions, mitigate environmental impact, and comply with sustainability standards.
Competition from Alternative Energy Sources: The emergence and growth of renewable energy sources, such as solar and wind power, are creating competition for investments and reducing the demand for traditional fossil fuels.
Limited Infrastructure Capacity: In some parts of the Middle East, limited infrastructure, such as insufficient pipelines or transportation links, can hinder the expansion and efficiency of storage terminals.

Emerging Trends in Middle East Oil & Gas Storage Terminal

Digitalization: Adoption of digital technologies, such as IoT and predictive analytics, to optimize operations and enhance safety.
Sustainability: Focus on reducing carbon emissions, maximizing energy efficiency, and implementing renewable energy sources.
Automated Loading and Unloading: Increased use of automated systems for improved speed and efficiency in storage operations.
Multi-Purpose Storage: Development of terminals that can handle multiple types of products, such as crude oil, refined products, and petrochemicals.
Expansion of Floating Storage: Floating storage solutions are gaining popularity due to their flexibility and lower costs compared to land-based facilities.

Growth Catalysts in Middle East Oil & Gas Storage Terminal Industry

Strategic Investment: The Middle East's strategic location as a global energy hub continues to attract substantial investments from international oil and gas companies in storage infrastructure.
Government Incentives: Regional governments offer incentives, tax breaks, and subsidies to support investment in storage terminals, fostering a favorable investment climate.
Growing LNG Trade: The rising global demand for liquefied natural gas (LNG) has positioned the Middle East as a key location for LNG storage and transhipment, creating significant opportunities for terminal development.
Economic Development: Strong economic growth in emerging markets, particularly in Asia, fuels increased demand for oil and gas, driving the need for storage infrastructure in the Middle East.
Petrochemical Industry Expansion: The expansion of the petrochemical industry in the Middle East creates specialized storage requirements for chemicals and petrochemicals, further bolstering the demand for storage terminals.
Technological Innovations: Advanced technologies, including automation, digitalization, and data analytics, enhance the efficiency and profitability of storage operations, making terminals more competitive.
Sustainability Focus: The growing emphasis on sustainability in the energy sector leads to investments in storage terminals that incorporate eco-friendly practices and promote long-term environmental viability.

Market Segmentation: Middle East Oil & Gas Storage Terminal Analysis

Type:

Strategic Reserve
Commercial Reserve

Tank Type:

Fixed Roof
Floating Roof
Bullet Tank
Spherical Tank

Product:

Diesel
Petrol
Aviation Fuel
Crude Oil
Kerosene
Gas
Others

Leading Players in the Middle East Oil & Gas Storage Terminal Market

Significant developments in Middle East Oil & Gas Storage Terminal Sector

In 2022, Royal Vopak announced plans to invest in a new oil and gas storage terminal in Saudi Arabia.
In 2021, VTTI acquired a 50% stake in Horizon Terminals in Fujairah, expanding its storage capacity in the region.
In 2020, Brooge Energy launched a floating storage and offloading (FSO) unit in Fujairah.

Comprehensive Coverage Middle East Oil & Gas Storage Terminal Market Report

For a comprehensive analysis, refer to the full report covering:

Regional Analysis
Market Segmentation
Industry Dynamics
SWOT Analysis
Porter's Five Forces Analysis
Comparative Analysis
Key Market Trends
Competitive Landscape

Disclaimer

This is a general report description and may not include all the specific details provided in the full report. For the complete insights, precision, and up-to-date information, please refer to the actual research report.

Geographic Coverage of Middle East Oil & Gas Storage Terminal Market

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Middle East Oil & Gas Storage Terminal Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 5.4% from 2020-2034
Segmentation	By Type Strategic Reserve Commercial Reserve By Tank Type Fixed Roof Floating Roof Bullet Tank Spherical Tank By Product Diesel Petrol Aviation Fuel Crude Oil Kerosene Gas Others By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Growing Focus on Safety and Organization to Fuel Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Increase in Adoption of Renewables Energy as an Alternative to Hinder Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Middle East Oil & Gas Storage Terminal Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
  - 5.1.1. Strategic Reserve
  - 5.1.2. Commercial Reserve
- 5.2. Market Analysis, Insights and Forecast - by Tank Type
  - 5.2.1. Fixed Roof
  - 5.2.2. Floating Roof
  - 5.2.3. Bullet Tank
  - 5.2.4. Spherical Tank
- 5.3. Market Analysis, Insights and Forecast - by Product
  - 5.3.1. Diesel
  - 5.3.2. Petrol
  - 5.3.3. Aviation Fuel
  - 5.3.4. Crude Oil
  - 5.3.5. Kerosene
  - 5.3.6. Gas
  - 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1.
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Brooge Energy Limited (UAE)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 VTTI (Saudi Arabia)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Fujairah National Group (UAE)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Royal Vopak (Netherlands)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 General Petroleum (UAE)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 HORIZON TERMINALS (UAE)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 ROYAL HASKONINGDHV (Netherlands)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Oman Tank Terminal Company LLC (Oman)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Bilfinger Tebodin B.V. (Netherlands)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Oiltanking GmbH (Oman)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)
    - 6.2.11 Kuwait National Petroleum Company (Kuwait)
      6.2.11.1. Overview
      6.2.11.2. Products
      6.2.11.3. SWOT Analysis
      6.2.11.4. Recent Developments
      6.2.11.5. Financials (Based on Availability)
    - 6.2.12 Dubai Supply Authority (UAE)
      6.2.12.1. Overview
      6.2.12.2. Products
      6.2.12.3. SWOT Analysis
      6.2.12.4. Recent Developments
      6.2.12.5. Financials (Based on Availability)
    - 6.2.13 Abu Dhabi National Oil Company (UAE)
      6.2.13.1. Overview
      6.2.13.2. Products
      6.2.13.3. SWOT Analysis
      6.2.13.4. Recent Developments
      6.2.13.5. Financials (Based on Availability)
    - 6.2.14 Mitsubishi Corporation (Japan)
      6.2.14.1. Overview
      6.2.14.2. Products
      6.2.14.3. SWOT Analysis
      6.2.14.4. Recent Developments
      6.2.14.5. Financials (Based on Availability)
    - 6.2.15 Qatargas Operating Company Limited (Qatar)
      6.2.15.1. Overview
      6.2.15.2. Products
      6.2.15.3. SWOT Analysis
      6.2.15.4. Recent Developments
      6.2.15.5. Financials (Based on Availability)

List of Figures

Figure 1: Middle East Oil & Gas Storage Terminal Market Revenue Breakdown (USD Billion, %) by Product 2025 & 2033
Figure 2: Middle East Oil & Gas Storage Terminal Market Share (%) by Company 2025

List of Tables

Table 1: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 2: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Tank Type 2020 & 2033
Table 3: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Product 2020 & 2033
Table 4: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 5: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Type 2020 & 2033
Table 6: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Tank Type 2020 & 2033
Table 7: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Product 2020 & 2033
Table 8: Middle East Oil & Gas Storage Terminal Market Revenue USD Billion Forecast, by Country 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East Oil & Gas Storage Terminal Market?

The projected CAGR is approximately 5.4%.

2. Which companies are prominent players in the Middle East Oil & Gas Storage Terminal Market?

Key companies in the market include Brooge Energy Limited (UAE), VTTI (Saudi Arabia), Fujairah National Group (UAE), Royal Vopak (Netherlands), General Petroleum (UAE), HORIZON TERMINALS (UAE), ROYAL HASKONINGDHV (Netherlands), Oman Tank Terminal Company LLC (Oman), Bilfinger Tebodin B.V. (Netherlands), Oiltanking GmbH (Oman), Kuwait National Petroleum Company (Kuwait), Dubai Supply Authority (UAE), Abu Dhabi National Oil Company (UAE), Mitsubishi Corporation (Japan), Qatargas Operating Company Limited (Qatar).

3. What are the main segments of the Middle East Oil & Gas Storage Terminal Market?

The market segments include Type, Tank Type, Product.

4. Can you provide details about the market size?

The market size is estimated to be USD 2.90 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Growing Focus on Safety and Organization to Fuel Market Growth.

6. What are the notable trends driving market growth?

Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.

7. Are there any restraints impacting market growth?

Increase in Adoption of Renewables Energy as an Alternative to Hinder Market Growth.

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Middle East Oil & Gas Storage Terminal Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Middle East Oil & Gas Storage Terminal Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Middle East Oil & Gas Storage Terminal Market?

To stay informed about further developments, trends, and reports in the Middle East Oil & Gas Storage Terminal Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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