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Azerbaijan Petrochemicals Q3 2019

Azerbaijan Petrochemicals Q3 2019

Key View:

The opening of new polypropylene and polyethylene plants, with capacities of 180,000tpa and 120,000tpa respectively,over recent quarters was a significant step in Azerbaijan's delayed development of its downstream petrochemicals industry. Theindustry has struggled to progress over the past decade due to a range of structural and economic factors, but the consolidation ofthe sector under the control of national oil company SOCAR has enabled some degree of success. However, the objective of a worldscale petrochemicals complex to add value to upstream production still remains some years away and well beyond the horizon ofour five-year forecast. In global terms, Azerbaijan's petrochemicals industry will be a minor player, even though the countrypossesses large oil reserves. Instead, SOCAR is focusing its efforts on exporting oil to Turkey and investing in its subsidiary Petkim,which gives it access to the EU and Turkish markets.

Key View
Petrochemicals SWOT
Industry Forecast
Macroeconomic Forecasts
Improving But Sluggish Growth Ahead In Azerbaijan
Industry Risk/Reward Index
Europe Petrochemicals Risk/Reward Index
Azerbaijan Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
State Oil Company Of Azerbaijan (SOCAR)
Regional Overview
Europe Overview
Global Industry Overview
Azerbaijan Demographic Outlook
Petrochemicals Glossary
Petrochemicals Methodology

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