Keywords: oil, gas, downstream technologies, GCC, EU, European Union, Cooperation Council for the Arab States of the Gulf, energy technology
Bridging GCC needs in downstream oil and gas sector with EU technologies
The present situation in oil and gas downstream technologies presents a trend in their development to give an adequate answer to the increasing challenges related to the reduction of capital, field operation and transport as well as to environmental protection and safety. The technologies available from EU providers seem globally to be in line with GCC users needs and are required in the GCC market, although with an uneven distribution due to the characteristics of each GCC member state. The paper outlines the main issues in oil and gas downstream advanced technologies and proposes an advanced technology match between needs and offers of the above technologies as perceived both by the GCC operators and EU technology providers.