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February 11, 2022

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

By Carmen

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

A total of two 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 22 contracts in January 2022, followed by midstream and petrochemicals segments with five and two contracts, respectively.


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

In January 2022, Qatar led the activity with one contract and a 50% 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 January 2022

During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering and installation with one contract each, followed by operations & maintenance 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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