The downstream segment contracts in Middle East registered a decrease of 50% with two contracts in August 2022, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.
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A total of two contracts were registered in the downstream segment of Middle East during the month, when compared with the last 12-month moving average of five contracts.
Contract award activity in Middle East’s downstream segment during August 2022
In August 2022, Qatar and the UAE led the activity with one contract and a 50% share each of the downstream oil and gas contracts in Middle East. It saw a flat growth over the previous month’s total of one contract and a decrease of 50% when compared with the last 12 month-average of two contracts in Qatar.
Based on 12-month moving average of the contracts in the downstream segment of Middle East, Qatar took the top spot with two contracts, followed by Iraq and Saudi Arabia with one contract each.
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By GlobalDataContracts by scope of work in Middle East’s downstream segment during August 2022
During the month, the majority of downstream segment contracts awarded in the Middle East were in the operations & maintenance with two 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.
