Kuwait, Qatar and Saudi Arabia Petrochemicals Report Q4 2016; New Report Launched
External markets are under pressure and margins are being squeezed by falling prices and rising feedstock costs. However, this will not stop the development of downstream plants, with the Al-Zour project at the greenfield 615,000 barrels per day (b/d) Al-Zour refinery now going ahead following delays, and with debottlenecking projects helping to expand capacity. However, the alleviation of sanctions on Iran will pose a major threat to all regional producers and could still drive Kuwaiti petrochemicals margins down further. There...
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