Algeria s petrochemicals sector will remain dominated by the fertiliser sector, which utilises the country s considerable natural gas resources. Upstream developments will be crucial to providing the necessary feedstock for new capacity, but the outlook on Algerian oil production is heavily bearish, due to rapid decline rates at mature producing fields and the small pipeline of projects under development. ...Algeria s petrochemicals sector will remain dominated by the fertiliser sector, which utilises the country s considerable natural gas resources. Upstream developments will be crucial to providing the necessary feedstock for new capacity, but the outlook on Algerian oil production is heavily bearish, due to rapid decline rates at mature producing fields and the small pipeline of projects under development. The outlook on gas is slightly more positive, although strong domestic consumption growth will continue to weigh on exports. ...Consumption rates will be restrained by slow economic growth caused by low oil prices. However, petrochemicals consuming sectors will fare better than the overall economy, with construction and the automotive industry set for above-trend growth rates.
...Local market will remain weak in ---- due to poor economic performance. Algeria s petrochemicals sector lacks major investment. ...Algeria s petrochemicals sector lacks major investment. Oil and gas projects are much more attractive to foreign investors than those in the petrochemicals sector. Oil and gas projects are much more attractive to foreign investors than those in the petrochemicals sector. ...Economic crisis in Europe is resulting in a decline in petrochemicals demand. Slowdown in Chinese economy and housing/construction industries resulting in a decline in petrochemicals demand.
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