Refiners across the GCC plan petchems plants based around mixed-feed crackers, as part of a growing global oil industry trend for squeezing the maximum value from produced resources.
For GCC downstream firms specialty chemicals offer increased revenues while supporting government plans for economic diversification through expanding local manufacturing capabilities. Their domestic downstream plans are also complemented by a push for overseas projects, particularly in countries that are big customers for their crude oil (MEES, 3 August 2018). (CONTINUED - 897 WORDS)
