Saudi Arabia Petrochemicals Report - Business Monitor International - Industry Reports

Saudi Arabia Petrochemicals Report

Saudi Arabia Petrochemicals Report - Business Monitor International - Industry Reports
Saudi Arabia Petrochemicals Report
Published Sep 03, 2016
90 pages — Published Sep 03, 2016
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Abstract:

The Saudi government is targeting national petrochemicals output of ---mn tonnes in ----, which represents a -- increase since ----. There are -- petrochemicals projects under construction at a cost of USD--bn while another -- are planned over the next five years at an estimated cost of USD--bn. ...Instead, they will have to improve efficiency, although they are already some of the lowest-cost producers globally. The main developments in ---- are the opening of the Sadara petrochemicals complex, which will add -.-mn tpa of ethylene and ---,---tpa of propylene as well as major downstream capacities, including ---,---tpa of LDPE, and Petro Rabigh, which will add -.-mn tpa of ethylene capacity, ---,---tpa of polyethylene (PE), ---,---tpa of benzene and ---,---tpa of paraxylene (PX). In early ----, Sabic and Saudi Aramco are due to conclude their feasibility study on an innovative crude- to-chemicals plant, which has the potential to produce petrochemicals at a lower cost than conventional cracker-based complexes. ...The downward revision was prompted by both a more challenging external environment and a further downward revision in domestic headline growth and end-market performance.

...Saudi Arabia has the largest oil reserves in the world along with significant gas reserves, and both are comparatively easy to extract. The government subsidises natural gas, providing abundant feedstock for its growing petrochemicals industry. ...The government subsidises natural gas, providing abundant feedstock for its growing petrochemicals industry. The government has undertaken substantial investments in the sector and is encouraging foreign companies to enter into joint ventures (JVs) with Saudi Arabian partners for new projects. A major increase in refining capacity over our five-year forecast period will ensure adequate, cost-effective feedstock supplies for new petrochemicals projects. ...A major increase in refining capacity over our five-year forecast period will ensure adequate, cost-effective feedstock supplies for new petrochemicals projects. The country is well placed to export to Europe and Asia, and has a strong relationship with China.

...� Business Monitor International Ltd Page -- SWOT Analysis - Continued Mohammed bin Salman s promotion to the top echelons of the Saudi leadership, and his assertiveness, will cause further disquiet among other branches of the royal family. Saudi Arabia s exposure to precarious political and security conditions in both Iraq and Yemen carries numerous risks. ...

  
Source:
Document ID
1749-2432
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Saudi Arabia Petrochemicals Report" Sep 03, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Petrochemicals-Report-2026-523>
  
APA:
Business Monitor International - Industry Reports. (2016). Saudi Arabia Petrochemicals Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Petrochemicals-Report-2026-523>
  
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