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August 22, 2022

Contract activities in downstream segment in Middle East up in July 2022

By Carmen

The downstream segment contracts in Middle East registered an increase with four contracts in July 2022, when compared with no contracts in the previous month, 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 five contracts.


In terms of the number of contracts in Middle East, the upstream segment contributed the most with 20 contracts in July 2022, followed by midstream and downstream segments with five and four contracts, respectively.


Contract award activity in Middle East’s downstream segment during July 2022

In July 2022, Israel, Qatar and Saudi Arabia led the activity with one contract and a 25% share each of the downstream oil and gas contracts in Middle East.

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.

Contracts by scope of work in Middle East’s downstream segment during July 2022

During the month, the majority of downstream segment contracts awarded in the Middle East were in the design & engineering and procurement with two contracts each, followed by construction 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.

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