The petrochemicals segment contracts in Middle East registered an increase of 50% with three contracts in November 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 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 November 2022
In November 2022, Oman and Saudi Arabia led the activity with one contract and a 33% share each 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, Saudi Arabia and the UAE took the top spot with one contract each.
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By GlobalDataContracts by scope of work in Middle East’s petrochemicals segment during November 2022
During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering with three contracts, followed by operations & maintenance with two 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.
