The petrochemicals segment contracts in Middle East remained flat in October 2022, when compared with the previous month’s total of two 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.
Contract award activity in Middle East’s petrochemicals segment during October 2022
In October 2022, Saudi Arabia and the UAE led the activity with one contract and a 50% share each 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 Saudi Arabia.
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.
Contracts by scope of work in Middle East’s petrochemicals segment during October 2022
During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering with two contracts, followed by operations & maintenance and procurement with one contract each.
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.