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ME demand for Scottish exports up 82% since 2010

Scottish exports to Middle East rise to $710 million

Scottish exports continue to grow into the Middle East.
Scottish exports continue to grow into the Middle East.

The Middle East region saw the biggest increase in Scottish oil and gas supply chain exports in 2011/2012, according to new figures published by Scottish Enterprise and the Scottish Council for Development and Industry (SCDI).

Scotland’s oil and gas sector exports to the region now account for $710 million, having risen by 82% since 2010.

Total sales of supply chain exports, both direct and through subsidiaries, increased by 5.8 per cent to reach $26.72 billion. International sales rose by 8.4% to $12.74 billion, exporting to over 100 markets around the world. North America was the largest market, importing $4 billion of supply chain exports from Scotland. After the Middle East, Africa was the second biggest growth market with a 5.9 per cent increase in sales with Australia and Brazil also emerging as new markets of particular interest.

Based on a 2010/2011 to 2011/12 comparative, sales within the Middle East increased in the UAE from $190 million to US$196 million; Oman $81 million to $89 million; Qatar $22 million to $45 million and Saudi Arabia from $20 million to $42 million.

“The Middle East is becoming an increasingly important market for Scottish expertise in the oil and gas sector. We share a historic and mutual bond in the growth and development of our respective fossil fuel and broader energy markets,” said Mark Hallan, Senior Director Europe, Middle East & Africa at Scottish Development International.

“In addition to considerable Middle East investment into our oil and gas industries, Scottish companies such as PSN and the Wood Group have been expanding their operations in the region by providing support services to help sustain international best practice in the GCC, allowing Scottish companies to partner internationally in technology development. This includes areas such as project management, subsea, well management and training services.”

The new figures, which are part of the latest survey of international activity in the Scottish oil and gas sector, were announced by Energy Minister Fergus Ewing as he heads a delegation of over 50 Scottish companies to the Offshore Technology Conference, the world’s leading oil & gas show, in Houston, Texas.

Almost 60% of oil being produced globally is sourced from non-OPEC countries and North-west Europe was ranked 4th in the world behind Russia, the United States and Saudi Arabia. Sourced mainly from Norway and the UK for oil and gas, plus the Netherlands for gas, most UK production is based in the North Sea, off the coast of Scotland.

The oil and gas sector in Scotland has subsequently developed a strong record of achievement and its expertise and leadership is recognised across the world. A sophisticated supply chain has evolved with the development of an estimated 2,000 world class companies in Scotland.

Strengths include project management, consultancy, construction, maintenance, resource management, software design, drilling, access solutions, catering, logistics/transport, engineering and design.

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Oil & Gas Middle East - September 2020

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