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Gulf oil companies turn up petrochemicals investment
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Gulf oil companies turn up petrochemicals investment
Petrochemicals add value Demand for crude slows Sector to add 20 mtpa capacity Gulf national oil companies (NOCs) are increasingly focusing their investment attention on petrochemicals as they seek to move up the value chain and as global demand growth for crude slows, experts say. The Paris-based International Energy Agency (IEA) expects the petrochemical industry to account for one third of global oil demand growth by 2030 and nearly half by 2…
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