by George West, founder Chemical Intelligence
Despite the recent economic meltdown petrochemical development in the Middle East continues to progress at a rapid pace which threatens to change the face of global markets in the coming years. The recently completed study, Middle East Petrochemical Development 2009 details recent progress as well as updated expansion plans for new capacity in the region as well as the likely affect new capacity will have on world markets. Significant attention in this report is focused on Saudi Arabia and Iran with other sections on Qatar, Kuwait, Oman, Bahrain, the UAE and other regional producers. The report also covers regional cost advantages, marketing methods including the recent advent of more cohesiveness in the form of producer associations, as well as the impact of Asian demand growth.
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