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Romania Petrochemicals Report Q2 2016

Romania Petrochemicals Report Q2 2016

BMI View: Weaker oil prices have helped Romania's downstream sectors, with refining margins improving as a result and thereby reversing the situation of regular quarterly losses. This is helping drive down the cost ofnaphtha feedstock used in the Romanian petrochemicals industry, reviving the fortunes of the sector.

Plastic and rubber output grew 7.6% year-on-year (y-o-y) in the first 10 months of 2015, continuing therobust growth reported in 2014. On the downside, the chemicals sector reversed much of the growth seen inthe previous year, falling 2.3% y-o-y. The troubled Romanian producer Oltchim is seeing a turnaround as aresult of growth in polymers with a 31% increase in the valueof sales in 9M15 and a massive drop in losses.

Nevertheless, Romania has modest olefins capacities of 200,000 tonnes per annum (tpa) ethylene and100,000tpa propylene, feeding capacities totalling 320,000tpa polyethylene and 80,000tpa polypropylene.

Romania also has 60,000tpa polystyrene and 170,000tpa polyvinyl chloride. As such, the industry is smalland lacks economies of scale to compete with foreign producers.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Table: Romania Petrochemicals Indicators
Macroeconomic Forecasts
Economic Growth Outlook
Industry Risk/Reward Index
Europe Petrochemicals Risk/Reward Index
Table: European Petrochemicals Risk/Reward Index (scores out of 100)
Romania Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Upstream
Table: Refineries In Romania
Company Profile
Lukoil Romania
Oltchim
Petrom
Rompetrol
Table: Financial Results (USDmn)
Regional Overview
Table: Europe Plant Turnarounds
Global Industry Overview
Global - Crude Oil, Refined Fuels And Natural Gas Prices
Table: Global Energy Price Forecasts (2014-2019)
Table: Global Energy Price Forecasts (2020-2025)
Demographic Forecast
Table: Population Headline Indicators (Romania 1990-2025)
Table: Key Population Ratios (Romania 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Romania 1990-2025)
Table: Population By Age Group (Romania 1990-2025)
Table: Population By Age Group % (Romania 1990-2025)
Glossary
Table: Glossary Of Petrochemicals Terms
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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