Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
September 29, 2021updated 05 Oct 2021 2:50pm

Contract activities in downstream segment in Middle East down 33% in August 2021

By Carmen

The downstream segment contracts in Middle East registered a decrease of 33% with four contracts in August 2021, when compared with the previous month’s total of six contracts, according to GlobalData’s oil and gas contracts database.

A total of four contracts were registered in the downstream segment of Middle East during the month, when compared with the last 12-month moving average of three contracts.

 

In terms of the number of contracts in Middle East, the upstream segment contributed the most with 28 contracts in August 2021, followed by downstream and midstream segments with four and three contracts, respectively.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
 

Contract award activity in Middle East’s downstream segment during August 2021

In August 2021, Qatar led the activity with two contracts and a 50% share of the downstream oil and gas contracts in Middle East. It saw an increase of 200% over the previous month’s no contracts and an increase of 100% when compared with the last 12 month-average of one contract in Qatar.

Based on 12-month moving average of the contracts in the downstream segment of Middle East, Kuwait and Qatar took the top spot with one contract each.

Contracts by scope of work in Middle East’s downstream segment during August 2021

During the month, the majority of downstream segment contracts awarded in the Middle East were in the operations & maintenance with three contracts, followed by procurement with one contract.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU