The petrochemicals segment contracts in Middle East registered a decrease of 60% with two contracts in September 2022, when compared with the previous month’s total of five 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.
In terms of the number of contracts in Middle East, the upstream segment contributed the most with 21 contracts in September 2022, followed by midstream and petrochemicals segments with seven and two contracts, respectively.
Contract award activity in Middle East’s petrochemicals segment during September 2022
In September 2022, the UAE held two contracts and a 100% share 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.
Contracts by scope of work in Middle East’s petrochemicals segment during September 2022
During the month, the majority of petrochemicals segment contracts awarded in the Middle East were in the design & engineering 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.
