gcc to produce 190m tons of petrochemicals by 2020
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

GCC to produce 190m tons of petrochemicals by 2020

Arab Today, arab today

Arab Today, arab today GCC to produce 190m tons of petrochemicals by 2020

Dr Mohammed bin Saleh al-Sada
Dubai - QNA

HE Minister of Energy and Industry Dr. Mohammed bin Saleh Al Sada said Monday he expected the production of petrochemicals in the GCC to increase by 50%, with more than 190 million tons produced by 2020.
His Excellency was speaking at the opening session of the annual Gulf Petrochemicals & Chemicals Association (GPCA) forum in Dubai. The growth in petrochemicals production was a result of good planning of GCC countries.
The Petrochemicals sector is now the second biggest industrial sector in the region, with annual production worth $100 billion. Around $380 million were invested in the sector in 2012, a 30% increase compared to the previous year. The global levels of investment in the petrochemicals increases by an average of 10% annually.
HE the Minister then reviewed the achievements of the State of Qatar in the field, which plays a role in achieving Qatar National Vision 2030. His Excellency highlighted the establishment of QAPCO 40 years ago to signal the start of the petrochemical industry for the GCC. His Excellency added that the State of Qatar have placed an ambitious plan to turn the country into a major player in that industry.
HE the Minister noted however, that there were developments that could affect the industry for years to come, particularly the drop in the price of oil. His Excellency noted that the price of oil has reached a four-year low, which set fear in the market of whether the prices of petrochemicals would follow suit. HE the Minister also noted that the production of Shale Gas in the United States could be another factor that affects petrochemicals in the future.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc to produce 190m tons of petrochemicals by 2020 gcc to produce 190m tons of petrochemicals by 2020

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc to produce 190m tons of petrochemicals by 2020 gcc to produce 190m tons of petrochemicals by 2020

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday