Base Oils, Lubricants and Additives Technology Exhibition

THE STAGE IS SET FOR BOLAT ME EXPO 2024
Middle East and Africa are home to some of the largest oil reserves in the world – with countries like Saudi Arabia (258,600 barrels), Iran (208,600 barrels), Iraq (145,019 barrels), Kuwait (101,500 barrels), UAE (97,800 barrels), and Libya (48,363 barrels) holding the second, third, fifth, sixth, seventh, and ninth largest oil reserves in the world. That is 6 countries from the top 10 countries!

The base oils market in the Middle East and Africa is forecasted to grow at a volume CAGR of 4.18% and revenue CAGR of 3.67% between 2022 and 2028.The lubricants market is predicted to grow to US$ 11.25 billion by 2028 from US$ 9.85 billion in 2021 at a CAGR of 1.9%.