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September 29, 2021updated 06 Oct 2021 4:55pm

Contract activities in petrochemicals segment in Middle East up 33% in Q2 2021

By Carmen

The petrochemicals segment contracts in Middle East registered an increase of 33% with eight contracts in Q2 2021, when compared with the previous quarter’s total of six contracts, according to GlobalData’s oil and gas contracts database.

A total of eight contracts were registered in the petrochemicals segment of Middle East during the quarter, remained flat when compared with the last four-quarter average contracts.

 


 

Contract award activity in Middle East’s petrochemicals segment during Q2 2021

Looking at the total oil and gas contracts by country in the petrochemicals segment of Middle East, Saudi Arabia led the activity in Q2 2021 with four contracts and a 50% share. It saw an increase of 400% over the previous quarter’s no contracts and an increase of 33% when compared with the last four-quarter-average of three contracts in Saudi Arabia.

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Based on five-quarter moving average of the contracts in the petrochemicals segment of Middle East, Saudi Arabia took the top spot with three contracts.

Contracts by scope of work in Middle East’s petrochemicals segment during Q2 2021

During the quarter, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering with seven contracts, followed by procurement with six 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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