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Published on : Mar 16, 2017

ALBANY, NY, March 16, 2017: The 194-research study, titled “Refining Industry Outlook in Middle East and Africa to 2021 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Refineries,” offers a detailed analysis, presenting insights into the key aspects that are predicted to encourage the growth of the overall market in the next few years. The research study helps in identifying the key growth factors, promising opportunities, and the challenges being faced by the leading players operating in the market. In addition, an in-depth overview of the competitive landscape of the refining market in the Middle East and Africa has been provided in the scope of the study.

The tremendously rising demand for oil across diverse industries is one of the key factors estimated to encourage the growth of the Middle East and Africa refining market in the next few years. The increasing oil and gas exploration activities in this region is predicted to create promising opportunities for key players in the next few years. The rapid development of the energy sector is anticipated to accelerate the growth of the overall market in the coming years.

The rising number of refineries, owing to the rising demand from different countries across the globe and the introduction of innovative methods used in this sector are anticipated to accelerate the growth of the refining industry in the Middle East and Africa in the coming years. With the help of historical data and forecast statistics, the research report has highlighted the growth prospects of the market. In addition, the latest developments and the contracts associated with the refineries have been addressed in the research report.

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Furthermore, a significant rise in the number of players expected to the refining industry in the Middle East and Africa is anticipated to encourage market’s growth. In addition, the increasing focus of key players on the development of new product and the introduction of new products is likely to contribute widely towards the overall growth of the market in the next few years.

The research study offers a thorough overview of the competitive landscape of the refining market in the Middle East and Africa. A list of the leading players operating in the market has been included in the study, along with their product portfolio, financial overview, SWOT analysis, and recent developments. In addition, the business policies and tactics that have been adopted by the leading companies have been discussed at length in the study to guide the new entrants of the market. This is expected to help in decision making of the players in order to maintain a leading position in the market.

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