Thursday, May 05, 2011

Middle East petrochemicals sector investment reaches new heights

Petrochemicals production in the Gulf is expected to leap by almost 50% by 2015, at which point the region will be supplying a fifth of the world's petrochemicals output. According to a recent report by the Gulf Petrochemicals and Chemicals Association (GPCA), the annual petrochemicals production of the six Gulf states is expected to soar around 46% to 155 mln tpa by 2015, up from 105 mln.

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