Most of future oil and gas production is set to commence in the Middle East. As of 2022, hydrocarbon projects with a scale of nearly ** billion barrels of oil equivalent had been financially committed to in the Middle East. This was followed by Russia, at some **** billion barrels. State-owned enterprises such as Saudi Aramco and Gazprom are some of the largest oil and gas companies based on short-term expansion plans.
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The Guardian. (May 11, 2022). Hydrocarbon resources in financially committed expansion projects worldwide as of 2022, by region (in billion barrels of oil equivalent) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 01, 2026, from /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/
The Guardian. "Hydrocarbon resources in financially committed expansion projects worldwide as of 2022, by region (in billion barrels of oil equivalent)." Chart. May 11, 2022. ÌÇÐÄÆƽâ°æ. Accessed August 01, 2026. /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/
The Guardian. (2022). Hydrocarbon resources in financially committed expansion projects worldwide as of 2022, by region (in billion barrels of oil equivalent). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 01, 2026. /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/
The Guardian. "Hydrocarbon Resources in Financially Committed Expansion Projects Worldwide as of 2022, by Region (in Billion Barrels of Oil Equivalent)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 11 May 2022, /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/
The Guardian, Hydrocarbon resources in financially committed expansion projects worldwide as of 2022, by region (in billion barrels of oil equivalent) ÌÇÐÄÆƽâ°æ, /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/ (last visited August 01, 2026)
Hydrocarbon resources in financially committed expansion projects worldwide as of 2022, by region (in billion barrels of oil equivalent) [Graph], The Guardian, May 11, 2022. [Online]. Available: /statistics/1308027/planned-oil-and-gas-production-expansion-by-region/
