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November 12, 2021

Contract activities in petrochemicals segment in Middle East remain flat in October 2021

By Carmen

The petrochemicals segment contracts in Middle East remained flat in October 2021, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.

A total of four 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.



Contract award activity in Middle East’s petrochemicals segment during October 2021

In October 2021, Oman, Saudi Arabia and Turkey led the activity with one contract and a 25% share each of the petrochemicals oil and gas contracts in Middle East.

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Based on 12-month moving average of the contracts in the petrochemicals segment of Middle East, Saudi Arabia held with one contract.

Contracts by scope of work in Middle East’s petrochemicals segment during October 2021

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 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.

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