REGIONAL/GCC
 
Gulf Petrochemicals Firms Expanding Capacity Despite US Shale Threat
 
Gulf petrochemicals producers continue to expand capacity, although US plans to exploit cheap US shale gas feedstock are threatening a market glut.
 
Saudi Basic Industries Corporation (SABIC) Vice-Chairman and CEO Muhammad al-Mady told the Euromoney conference in Riyadh on 7 May that while the shale gas revolution will be good for the US petrochemical industry, Gulf...