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September 29, 2021updated 04 Oct 2021 3:12pm

Contract activities in petrochemicals segment in Africa down 60% in August 2021

By Carmen

The petrochemicals segment contracts in Africa registered a decrease of 60% with two contracts in August 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

A total of two contracts were registered in the petrochemicals segment of Africa during the month, remained flat when compared with the last 12-month average contracts.

 

 

Contract award activity in Africa’s petrochemicals segment during August 2021

In August 2021, Egypt and Algeria led the activity with one contract and a 50% share each of the petrochemicals oil and gas contracts in Africa. It saw a decrease of 75% over the previous month’s total of four contracts and a flat growth when compared with the last 12 month-average of one contract in Egypt.

Based on 12-month moving average of the contracts in the petrochemicals segment of Africa, Egypt and Nigeria took the top spot with one contract each.

Contracts by scope of work in Africa’s petrochemicals segment during August 2021

During the month, the majority of petrochemicals segment contracts awarded in the Africa were in the design & engineering with one contract, followed by installation 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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