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  1. Market Data
April 13, 2022

Contract activities in petrochemicals segment in Middle East down 69% in Q1 2022

By Carmen

The petrochemicals segment contracts in Middle East registered a decrease of 69% with four contracts in Q1 2022, when compared with the previous quarter’s total of 13 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 quarter, when compared with the last four-quarter moving average of 10 contracts.



Contract award activity in Middle East’s petrochemicals segment during Q1 2022

Looking at the total oil and gas contracts by country in the petrochemicals segment of Middle East, Qatar, Saudi Arabia and Turkey led the activity in Q1 2022 with one contract and a 25% share each. It saw an increase of 100% over the previous quarter’s no contracts and a flat growth when compared with the last four-quarter-average of one contract in Qatar.

Based on five-quarter moving average of the contracts in the petrochemicals segment of Middle East, Saudi Arabia took the top spot with two contracts, followed by Iran and Oman with one contract each.

Contracts by scope of work in Middle East’s petrochemicals segment during Q1 2022

During the quarter, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering and operations & maintenance with two contracts each, followed by procurement 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.

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