The petrochemicals segment contracts in Middle East registered a decrease of 40% with three contracts in July 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
A total of three contracts were registered in the petrochemicals segment of Middle East during the month, remained flat when compared with the last 12-month average contracts.
Contract award activity in Middle East’s petrochemicals segment during July 2022
In July 2022, Saudi Arabia led the activity with two contracts and a 67% share of the petrochemicals oil and gas contracts in Middle East. It saw a decrease of 33% over the previous month’s total of three contracts and an increase of 100% when compared with the last 12 month-average of one contract in Saudi Arabia.
In second place was the UAE with one contract and a 33% share.
Based on 12-month moving average of the contracts in the petrochemicals segment of Middle East, Qatar, 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 July 2022
During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering and procurement with three contracts each, followed by construction with two contracts.
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.