- In October 2024, the Taliban entered into a USD 1 billion agreement with a company from Uzbekistan for gas production. This contract forms part of the Taliban's strategy to revitalize the Afghan economy and advance its energy sector. By partnering with foreign firms, they seek to draw in investment and expertise to strengthen domestic production capabilities, which is vital for fulfilling Afghanistan's energy requirements
- In October 2024, Town Gas, Egypt’s natural gas distribution company, secured contracts to manufacture and supply natural gas pressure reduction stations in Egypt, as well as to connect homes and other facilities to the gas grid in Romania. This marks the first instance of an Egyptian company operating in this sector within Europe
- In May 2024, Aramco, a prominent global energy and chemicals company, advanced its international retail expansion by finalizing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd
- In July 2024, Kuwait Oil Company's (KOC) preliminary reserve estimates indicate approximately 2.1 billion barrels (bbbl) of light oil and 5.1 trillion cubic feet (tcf) of gas. These results highlight a considerable opportunity for further resource development across the field's diverse layers and reservoirs
- In October 2023, Aramco and ENOWA, the energy and water company of NEOM, signed a joint development agreement to build a pioneering synthetic electro-fuel (e-fuel) demonstration plant. This initiative aims to showcase both technological feasibility and commercial viability by producing thirty-five barrels per day of low-carbon synthetic gasoline derived from renewable hydrogen and captured carbon dioxide (CO2)
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Regular Gasoline and Special Gasoline), Application (Cars, Sport Utility Vehicles, Light Trucks, Motorcycles, Recreational Vehicles, Yachts, Boats, Small Aircraft, Equipment and Tools, and Electricity Generators) - Industry Trends and Forecast to 2031
.
The Global Gasoline Market size was valued at USD 128778.10 USD Billion in 2023.
The Global Gasoline Market is projected to grow at a CAGR of 1.5% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
