sales

Markets

Oil and gas supply chain sales up

Sales from Scotland’s oil and gas supply chain grew by 11% in 2013/14, new figures show. The sector recorded sales of about £7 billion through international subsidiaries, up from £6.3 billion in the previous financial year. Direct exports from Scotland also grew by 13% over the same period, reaching a total of £4.2 billion, according to figures from Scottish Enterprise. Combined international sales for Scottish-based supply-chain companies was up 12% to an estimated £11.2 billion while domestic sales rose from £9.9 billion to £11 billion. David Rennie, Scottish Enterprise’s international sector head for oil and gas, said the survey showed the importance of the industry to the Scottish economy but acknowledged it faces a challenging future.