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    Home > Chemicals Industry > International Chemical > Middle East and Africa oil and gas transactions reached US$4.7 billion in the fourth quarter of 2020

    Middle East and Africa oil and gas transactions reached US$4.7 billion in the fourth quarter of 2020

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    According to GlobalData's trading data, the oil and gas industry in the Middle East and Africa saw overall deal activity increase of 33.
    3%
    in the fourth quarter of 2020 compared to the four-quarter average.

    In the fourth quarter of 2020, the region announced 52 transactions valued at $4.
    7 billion, compared to an average of 39 transactions in the last four
    quarters.

    Among all deal types, M&A transactions were the most active in the fourth quarter of 2020, with 51 transactions, representing a 98.
    1% share
    of the region.
    This was followed by private equity, with one transaction accounting for 1.
    9%
    of total deal activity in the quarter.

    The top five oil and gas sector deals tracked by GlobalData for Q4 2020 were:

    Abu Dhabi Development Holdings and Abu Dhabi Pension and Benefit Fund acquire AdnocGas Pipelines HoldCo for US$2.
    1 billion;

    The Egyptian government acquires MISR fertilizer production company for $540 million;

    Energean acquires Energean Israel for $405 million;

    Ultra Clean Holdings acquires Ham-Let for $348 million;

    IPR Energy Resources acquires Dana Gas
    for $236 million.

    In terms of deal value, M&A was the dominant type of oil and gas industry in the Middle East and Africa with a deal value of $4.
    67 billion, followed by private equity deals totaling $30 million
    .

    According to the report, in the fourth quarter of 2020, the top five oil and gas transactions accounted for 77.
    3%
    of the total value.

    According to GlobalData's trading data, the oil and gas industry in the Middle East and Africa saw overall deal activity increase of 33.
    3%
    in the fourth quarter of 2020 compared to the four-quarter average.

    Oil and gas

    In the fourth quarter of 2020, the region announced 52 transactions valued at $4.
    7 billion, compared to an average of 39 transactions in the last four
    quarters.

    Among all deal types, M&A transactions were the most active in the fourth quarter of 2020, with 51 transactions, representing a 98.
    1% share
    of the region.
    This was followed by private equity, with one transaction accounting for 1.
    9%
    of total deal activity in the quarter.

    The top five oil and gas sector deals tracked by GlobalData for Q4 2020 were:

    Abu Dhabi Development Holdings and Abu Dhabi Pension and Benefit Fund acquire AdnocGas Pipelines HoldCo for US$2.
    1 billion;

    The Egyptian government acquires MISR fertilizer production company for $540 million;

    Energean acquires Energean Israel for $405 million;

    Ultra Clean Holdings acquires Ham-Let for $348 million;

    IPR Energy Resources acquires Dana Gas
    for $236 million.

    In terms of deal value, M&A was the dominant type of oil and gas industry in the Middle East and Africa with a deal value of $4.
    67 billion, followed by private equity deals totaling $30 million
    .

    According to the report, in the fourth quarter of 2020, the top five oil and gas transactions accounted for 77.
    3%
    of the total value.

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