Naphtha prices command a respectable premium over crude oil prices. However, these premiums shrunk during the recession and could narrow again as naphtha supplies are forecast to increase globally. Loow profit margins for naphtha producers have triggered major chemicals projects in the UAE.
For more details on UAE upgrading more naphtha into petrochemicals click here
Wednesday, March 24, 2010
UAE upgrading more naphtha into petrochemicals
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