Global Oil & Gas Capital Expenditure Outlook - Gazprom Leads New-Build Capex Outlook Among Companies
Globally more than US$3 trillion in capital expenditure is expected to be spent across oil and gas value chain on planned and announced projects during 2018 to 2025. Of the total capex, about 43% could be spent on midstream projects, 23% on upstream production projects and 21% on crude oil refineries. The petrochemicals sector is expected to account for about 13% of the global capex. Among oil and gas companies, Gazprom, Exxon Mobil and China Petrochemical Corp are the top...
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