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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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                Saudi to be among world’s big leisure tourism hubs by 2030

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                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              GCC petrochem capacity set to rise to 113MTPA

              Times of Oman

              August 22, 2012
              in Business
              0

              The Gulf Cooperation Council (GCC) petrochemical capacity is estimated to increase from 77.3 million tonnes per annum (MTPA) to 113MTPA at the end of 2015, according to the Gulf Petrochemical & Chemicals Association (GPCA), with both long and short term opportunities. SAS-AIChE Chairman, Abdulmohsen Al Majnouni recently spoke to the World Refining Association explaining how to capitalise on these opportunities whilst highlighting the vulnerabilities of this sector.

              The petrochemical industry in the GCC has been vulnerable to financial crisis, as it has consistently seen up and down cycles in recent years. It has been revealed that these cycles follow the refining industry cycles with a six to twelve month lag, however with recent advances in the petrochemical industry, the cyclic effect may not be the case anymore.

              "The introduction of specialty or performance chemicals has differentiated the refining from petrochemical industries,-? said Al Majnouni. "The more creative manufacturers are in developing new enhanced products, the more sustainable they become. The more efficient the petrochemicals industry becomes, the less susceptible and less prone to financial crisis they are.-?

              The GPCA reports that the GCC petrochemicals production capacity grew 13.5 per cent last year to nearly 116 billion tonnes, where Saudi Arabia alone was responsible for more than half of the $100 billion in sales generated by the GCC petrochemical sector. Al Majnouni, said: "The major short term opportunities are in more integrated speciality and performance chemicals. These are basically secondary and tertiary industries. This is especially true for the Middle East countries as the supply of cheap feedstock is questionable.-?

              He further continued to state that in the long term, the opportunities will be found in the compounding industries pharmaceuticals, rubbers and tyres. Previously, companies operating in the GCC have enjoyed subsidised feedstock and less competition in the petrochemical area, however, now, competition and the availability of feedstock are two factors that demonstrate promise and excitement to the SAS-AIChE Chairman.

              "Now, not only has the feedstock become scarce and limited, but the entrance of many international companies in the business has made it very competitive. Companies have become smarter, energy efficient, cost effective and more sustainable,-? said Al Majnouni.
              Times of Oman
              22 August

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