The petrochemicals segment contracts in Middle East registered an increase of 100% with six contracts in December 2021, when compared with the previous month’s total of three contracts, according to GlobalData’s oil and gas contracts database.

A total of six contracts were registered in the petrochemicals 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 24 contracts in December 2021, followed by downstream and petrochemicals segments with six contracts each.


Contract award activity in Middle East’s petrochemicals segment during December 2021

In December 2021, Iran led the activity with three contracts and a 50% share of the petrochemicals oil and gas contracts in Middle East.

In second place was the UAE with two contracts and a 33% share, followed by Israel with one contract and a 17% share.

Based on 12-month moving average of the contracts in the petrochemicals segment of Middle East, Iran, Saudi Arabia and the UAE took the top spot with one contract each.

Contracts by scope of work in Middle East’s petrochemicals segment during December 2021

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

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.