Growing demand across the Gulf and Africa, and we are in the middle of it.

The world is still using more energy. The United Nations expects the global population to grow from 8.2 billion in 2024 to a peak of about 10.3 billion in the 2080s, and OPEC expects world Oil demand to reach about 113 million barrels a day by 2030 and 123 million by 2050. We trade refined products and petrochemicals for buyers around the world, so we follow global demand as closely as we follow our home markets.

The UAE produced about 3.8 million barrels a day of crude in 2025 and exported about 3.2 million. It exports far more refined product than it imports, and it imports Gas, mainly from Qatar, while building toward Gas self-sufficiency by 2030. Crude capacity of 4.85 million barrels a day is heading to 5 million in 2027.

Niger produces about 110,000 barrels a day of crude and exports most of it through the Niger–Benin pipeline, about 2,000 km long. Niger uses about 3.2 million litres of Oil products a day, and its own refinery supplies only part of that, so Niger imports refined products, mainly from Nigeria. Fuel demand has grown sharply, electricity access is under 20%, and the population of 28.8 million, growing 3.2% a year, is heading for over 50 million by 2050.

Africa has about 18% of the world's people but uses under 5% of its Oil products. Population is heading for 2.4 billion by 2050, and refined-product demand from about 4 to over 6 million barrels a day. Gas demand is growing about 3% a year, the fastest in the world, and Africa already produces more Gas than it uses.