The petrochemicals segment contracts in Middle East registered a decrease of 50% with one contract in May 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.
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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.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 20 contracts in May 2022, followed by midstream and petrochemicals segments with eight and one contract, respectively.
Contract award activity in Middle East’s petrochemicals segment during May 2022
In May 2022, the UAE held one contract and a 100% share of the petrochemicals oil and gas contracts in Middle East. It saw an increase of 100% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of one contract in the UAE.
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By GlobalDataBased on 12-month moving average of the contracts in the petrochemicals segment of Middle East, 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 May 2022
During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering 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.
