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March 21, 2022

Contract activities in petrochemicals segment in Middle East down 67% in February 2022

By Carmen

The petrochemicals segment contracts in Middle East registered a decrease of 67% with one contract in February 2022, when compared with the previous month’s total of three contracts, according to GlobalData’s oil and gas contracts database.

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

Contract award activity in Middle East’s petrochemicals segment during February 2022

In February 2022, Turkey held one contract and a 100% share of the petrochemicals oil and gas contracts in Middle East.

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 February 2022

During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the construction and design & engineering with one contract each.


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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