Welcome to the Refining & Petrochemicals Middle East 2018 Top 30 EPC Contractors listing.
For the last few years, the competition among the major engineering, procurement and construction (EPC) companies related to the refining and petrochemicals manufacturing sector in the Middle East has been at the top level since there are a only limited number of large-scale projects in the region and all the major global players are there from around the world.
As a result of the low oil prices, downstream EPC companies in the region are facing project complexity, escalating costs and enhanced risk. The real challenge for these EPC companies is the cost competition among themselves. Operators are cutting their capital spending budgets and there are fewer contracts in the pipeline.
We have listed and ranked the 2018 list of the Top 30 EPC Contractors primarily based on the value and volume of the projects that EPC companies have won in the Middle East region from the downstream industry. We have considered all the relevant projects awarded during the period from 1 January 2017 to 22 March 2018. We have also considered the ongoing projects won during 2016.
In many cases, project costs are undisclosed in the region. In those cases, we have considered the impact of the project on the region’s industry, people and economy. We have also considered other factors like 2017 revenues, projects completed earlier, CSR initiatives, etc. The rankings in this year’s list have changed notably, compared to the last year.
We take this opportunity to thank all those who have cooperated in providing data for compiling this list. Congratulations to all the organisations that have been included this year!