Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

SAUDI ARABIA

Saudi Petchems Output To Grow 32% By 2015, Says NCB

Saudi petrochemical production will expand by 32% to reach 70.2mn tons/year by 2015, accounting for 9.2% of global supply, according to National Commercial Bank (NCB) forecasts. Saudi Arabia currently accounts for 7% of global supply of basic and intermediary products and 50% of GCCs 105.7mn t/y of total petrochemical capacity as of 2009. There are 62 ongoing projects in...