Saudi Arabia Petrochemicals Q4 2019
Rising oil prices will generate a net benefit for the Saudi petrochemicals industry. In terms of the local market, oil revenuewill stimulate demand and enable a reversal of austerity policies that were depressing key sectors, such as construction, as well asreducing gas and electricity subsidies. On the supply side, the country's largely ethane-fed petrochemicals value chain will becomemore competitive against naphtha-based production. Although the focus of expansion is now on heavier liquid feed, diversificationwill enable greater flexibility, particularly in mixed feed crackers, as well as a broader product slate. As such, Saudi petrochemicalsproduction is still set for growth that should support planned capacity expansion.
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