Natural Gas Becomes Core to Middle East Energy Mix ...Middle East

As global oil majors become more selective with their investments and prioritize shareholder returns, Middle East national oil companies (NOCs) continue to play a pivotal role in global energy security amid shifting market dynamics and the energy transition. Leveraging their low breakeven costs, strong domestic bases, and strategic ambitions, they are well-positioned to meet growing international demand for energy. With non-OPEC+ supply growth slowing and upstream investment hurdles mounting, these NOCs are expanding capacity and scaling international…

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