Currently oil is the fastest growing primary energy source in the world. The Middle East has over half of the world's proven oil reserves and remains the center of gravity in the global oil market. The Middle East, the second most dynamic downstream market, has been home to more than 30% of the world’s refining capacity expansion in the past recent years and will continue to witness an even larger share of the world’s firm refining projects in the coming years.

 The Middle East represents 65% of world oil reserves. Saudi Arabia is by far the region's largest producer and exporter accounting for approximately 42% of production from the Middle East followed by Iran 19%, UAE 11%, Iraq 6%, Kuwait 11%, Qatar 4%, Oman 5%, and Syria 2% in year 2003. Currently, 60% of exports from the Middle East are destined for Asian markets. The Middle East region supplied about 29% of the 3.4 billion barrels of crude oil that the United States imported in 2001.The region significantly suffers from transparency and access to up-to-date data and analysis. In fact, public data on the Middle East product fundamentals, which are often used by the industry as source, lack the entire or part of the data for some of the countries in this region.

We as Sohatoos with more than 25 years of  experience in market development between Iran and 40 countries could eagerly represent or/and  brokerage on behalf of foreign interested parties regarding to oil and gas products and research. Our Middle East specialists work closely with clients to develop their unique insights, which provide them with a competitive advantage across the oil value chain, from upstream supply to refining and retailing.