Figure 2: Current versus impacted offshore well capex* in Saudi, UAE and Qatar, 2026
disruption, as vessels carrying OCTG cargo the market forecast for this year. The UAE demand offshore, at just under 58%. Saudi Omani coast, while the UAE's Fujairah port market in terms of OCTG, although it still utilized. These alternative routes would, accounts for a sizeable 35%. With the risk however, result in a significant increase in this year should the conflict persist, this imports for its OCTG requirements, given over 40,000 tonnes of OCTG in both Saudi Arabia and the UAE, with Qatar seeing an In terms of OCTG supply, most national oil